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Fincash » L&T Hybrid Equity Fund Vs ICICI Prudential Balanced Advantage Fund

L&T Hybrid Equity Fund Vs ICICI Prudential Balanced Advantage Fund

Updated on March 8, 2025 , 1175 views

There are a number of differences L&T Hybrid Equity Fund and ICICI Prudential Balanced Advantage Fund, though they are a part of the same category. These schemes are a part of equity-oriented balanced funds. In simple terms, balanced funds or hybrid funds enjoy the benefits of both equity and fixed Income instruments. These schemes invest their accumulated fund money in both equity as well as debt instruments in a pre-determined proportion that may change over time. Balanced funds are suitable for individuals seeking long-term Capital appreciation along with Fixed Income over time. Balanced funds can be considered as a good investment option for medium to long-term tenure. So, let us understand the differences between L&T Hybrid Equity Fund and ICICI Prudential Balanced Advantage Fund through this article.

L&T Hybrid Equity Fund (Erstwhile L&T India Prudence Fund)

L&T Hybrid Equity Fund (earlier known as L&T India Prudence Fund) is managed and offered by L&T Mutual Fund. This scheme is suitable for individuals seeking for capital appreciation in the long-term along with generation of reasonable returns earned from a Portfolio consisting of both equity as well as fixed income instruments. The scheme uses S&P BSE 200 TRI Index and CRISIL Short Term bond Fund index as its base to build its portfolio. Based on the Asset Allocation objective of the scheme, it invests around 65-75% of its pooled investment money in equity and equity-related instruments while the remaining in fixed income instruments. Some of the highlights of L&T Hybrid Equity Fund are maintaining a balance between growth and stability and 360-degree approach. L&T Hybrid Equity Fund is jointly managed by Mr. S. N. Lahiri, Mr. Karan Desai and Mr. Shriram Ramanathan. This scheme was launched on February 07, 2011.

ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund is an open-ended Balanced Fund scheme managed by ICICI Prudential Mutual Fund. This scheme was incepted in the year 2006. ICICI Prudential Balanced Advantage Fund uses CRISIL Hybrid 35+65- Aggressive Index to construct its portfolio. This scheme is jointly managed by Mr. Sankaren Naren, Mr. Rajat Chandak, Mr. Ihab Dalwai, and Mr. Manish Banthia where the first three individuals manage the equity investments while the last one looks after the fixed income investment of the scheme. Eicher Motors Limited, Maruti Suzuki India Limited, Ambuja Cements Limited, and Godrej Properties Limited are some of the top constituents of this ICICI Prudential Mutual Fund’s scheme as of March 31, 2018. ICICI Prudential Balanced Advantage Fund aims to attain growth coupled with safety by Investing in a combination of equity and fixed income investments.

L&T Hybrid Equity Fund Vs ICICI Prudential Balanced Advantage Fund

L&T Hybrid Equity Fund and ICICI Prudential Balanced Advantage Fund differ on account of numerous parameters such as current NAV, AUM, performance, and so on. So, let us analyze each of these parameters that are divided into four sections listed below as follows.

Basics Section

Current NAV, Fincash Rating, and scheme category are some of the comparable elements that form part of the basics section. The comparison of NAV shows that ICICI Prudential Balanced Advantage Fund has performed better as compared to L&T Hybrid Equity Fund. The NAV of ICICI Prudential Balanced Advantage Fund was around INR 33 while of L&T Hybrid Equity Fund was approximately INR 47 as of April 26, 2018. Discussing the scheme category, it can be said that both the schemes belong to the Hybrid Balanced – Equity category. The comparison of Fincash Rating also reveals a difference. L&T Hybrid Equity Fund is a 4-star rated scheme and ICICI Prudential Balanced Advantage Fund is a 3-Star rated scheme. The basics section is summarized in the table given below.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
₹67.68 ↓ -0.24   (-0.35 %)
₹60,347 on 31 Jan 25
30 Dec 06
Hybrid
Dynamic Allocation
18
Moderately High
1.59
0.63
0
0
Not Available
0-18 Months (1%),18 Months and above(NIL)
UTI Long Term Equity Fund
Growth
Fund Details
₹182.962 ↓ -0.93   (-0.50 %)
₹3,643 on 31 Jan 25
15 Dec 99
Equity
ELSS
29
Moderately High
1.9
0.26
-1.11
-0.35
Not Available
NIL

Performance Section

The comparison of Compounded Annual Growth Rate or CAGR returns is done in the performance section. This comparison is done at different intervals such as 6 Month Return, 5 Year Return, and Return since Inception. With respect to performance section, it can be stated that L&T Hybrid Equity Fund has done better in many instances. The comparison summary of the performance section is as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
-2.1%
-3.8%
-4.1%
5.6%
11.7%
13.9%
11.1%
UTI Long Term Equity Fund
Growth
Fund Details
-5.7%
-12.2%
-14%
4%
12.2%
15.8%
14.3%

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Yearly Performance Section

The comparison of absolute returns generated by both the section is done in this yearly performance section. The comparison of yearly performance section shows that for certain years, L&T Hybrid Equity Fund leads the race while in other ICICI Prudential Balanced Advantage Fund leads the race. The table given below shows the comparison of the yearly performance section.

Parameters
Yearly Performance2024
2023
2022
2021
2020
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
12.3%
16.5%
7.9%
15.1%
11.7%
UTI Long Term Equity Fund
Growth
Fund Details
13.9%
24.3%
-3.5%
33.1%
20.2%

Other Details Section

Being the last section, it compares details such as AUM, minimum SIP investment and minimum lumpsum investment. The minimum lumpsum investment for both the schemes is same, that is, INR 5,000. However, there is a difference in the minimum SIP amount of both the schemes. In case of L&T Mutual Fund’s scheme, the SIP amount is INR 500, while for ICICI Prudential Mutual Fund’s scheme, it is INR 1,000. Also, the comparison of AUM reveals a significant difference for both the schemes. the AUM of ICICI Prudential Balanced Advantage Fund is approximately INR 26,050 Crores and of L&T Hybrid Equity Fund is around INR 9,820 Crores as on March 31, 2018. The table given below summarizes the comparison of the other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
₹100
₹5,000
Sankaran Naren - 7.64 Yr.
UTI Long Term Equity Fund
Growth
Fund Details
₹500
₹500
Vishal Chopda - 5.51 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
DateValue
29 Feb 20₹10,000
28 Feb 21₹11,987
28 Feb 22₹13,266
28 Feb 23₹14,185
29 Feb 24₹17,221
28 Feb 25₹18,184
Growth of 10,000 investment over the years.
UTI Long Term Equity Fund
Growth
Fund Details
DateValue
29 Feb 20₹10,000
28 Feb 21₹13,007
28 Feb 22₹15,331
28 Feb 23₹15,141
29 Feb 24₹19,465
28 Feb 25₹20,029

Detailed Assets & Holdings Comparison

Asset Allocation
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash36.04%
Equity46.7%
Debt16.98%
Equity Sector Allocation
SectorValue
Financial Services19.48%
Consumer Cyclical14.08%
Technology6.62%
Industrials5.55%
Consumer Defensive5.15%
Basic Materials4.88%
Energy3.9%
Health Care2.82%
Communication Services2.33%
Utility2%
Real Estate0.27%
Debt Sector Allocation
SectorValue
Cash Equivalent35.4%
Corporate9.21%
Government5.54%
Securitized3.15%
Credit Quality
RatingValue
A4.13%
AA29.08%
AAA66.79%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Nifty 50 Index
- | -
8%-₹4,953 Cr2,096,850
↑ 2,096,850
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | 532343
5%₹2,741 Cr11,150,400
↑ 34,300
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK
4%₹2,536 Cr14,929,473
↑ 1,020,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK
4%₹2,506 Cr20,003,805
↑ 499,800
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI
4%₹2,192 Cr1,780,512
↓ -104,850
Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY
3%₹2,085 Cr11,091,568
↑ 344,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE
3%₹1,571 Cr12,414,419
↑ 2,520,693
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
3%₹1,555 Cr4,359,418
Embassy Office Parks Reit
Unlisted bonds | -
2%₹1,364 Cr36,839,670
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 15 | BHARTIARTL
2%₹1,300 Cr7,991,782
Asset Allocation
UTI Long Term Equity Fund
Growth
Fund Details
Asset ClassValue
Cash2.92%
Equity97.08%
Equity Sector Allocation
SectorValue
Financial Services30.09%
Consumer Cyclical14.34%
Technology11.04%
Industrials7.73%
Consumer Defensive6.93%
Communication Services6.34%
Health Care5.87%
Basic Materials5.37%
Utility3.75%
Energy3.02%
Real Estate2.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 11 | HDFCBANK
8%₹306 Cr1,799,334
↑ 6,901
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 07 | ICICIBANK
8%₹300 Cr2,396,325
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
6%₹220 Cr1,171,631
↓ -18,717
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 13 | BHARTIARTL
5%₹184 Cr1,128,444
↑ 1,771
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 10 | 532215
3%₹116 Cr1,172,385
↑ 89,694
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 19 | 500034
3%₹92 Cr116,897
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Sep 19 | 540376
2%₹87 Cr238,440
↑ 9,627
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 22 | 532538
2%₹86 Cr74,737
↓ -267
Reliance Industries Ltd (Energy)
Equity, Since 31 May 24 | RELIANCE
2%₹85 Cr675,510
↑ 80,403
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 12 | MARUTI
2%₹84 Cr68,258

Thus, based on the above-mentioned pointers, it can be said that both the schemes differ on account of numerous parameters. As a result, individuals should be careful before choosing any of the schemes. They should understand the modalities of the scheme completely. In addition, they should also check whether it suits their investment requirements or not. If required, individuals can also consult for an opinion from a financial advisor. This will help them to achieve their objectives on time.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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