Canara Robeco Conservative Hybrid Fund vs ICICI Prudential Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco Conservative Hybrid Fund is a Conservative Hybrid fund and ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, Canara Robeco Conservative Hybrid Fund (Direct) returned 7.4% a year and ICICI Prudential Balanced Advantage Fund (Direct) returned 10.6% a year. Canara Robeco Conservative Hybrid Fund charges 0.77% a year and ICICI Prudential Balanced Advantage Fund 1.03% (Direct plans). Their portfolios overlap 19.1%: they hold 29 of the same securities.
Canara Robeco Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 7.4%
- Expense ratio
- 0.77%
- NAV
- ₹113.76
ICICI Prudential Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.6%
- Expense ratio
- 1.03%
- NAV
- ₹85.81
Which is better, Canara Robeco Conservative Hybrid or ICICI Prudential Balanced Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Balanced Advantage returned more over 5 years: 9.9% a year against 6.7%.
- ICICI Prudential Balanced Advantage returned more over 3 years: 10.6% a year against 7.4%.
- Canara Robeco Conservative Hybrid costs less: 0.77% a year against 1.03% (Direct plans).
- Canara Robeco Conservative Hybrid swung less over 3 years: a standard deviation of 3.7% a year against 7.1%.
- Canara Robeco Conservative Hybrid fell less in its worst fall since 02-01-2013: −10.2% against −27.0%.
- ICICI Prudential Balanced Advantage holds more in large companies: 60.8% of the fund in large caps against 15.1%.
- ICICI Prudential Balanced Advantage is the larger fund: ₹71,913 Cr against ₹811 Cr.
- Their portfolios overlap 19.1%: 29 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Canara Robeco Conservative Hybrid Fund | ICICI Prudential Balanced Advantage Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Conservative Hybrid | Balanced Advantage |
| AUM | ₹811 Cr (30-09-2026) | ₹71,913 Cr (30-09-2026) |
| NAV | ₹113.76 (Direct) | ₹85.81 (Direct) |
| Expense ratio (Direct) | 0.77% | 1.03% |
| Expense ratio (Regular) | 1.89% | 1.56% |
| Riskometer | Moderately High | Not available |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 24-04-1988 | 30-12-2006 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Avnish Jain / Mr. Amit Kadam /Ms. Suman Prasad | Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva |
| Exit load | Exit load of 1% will be charged for any redemption more than 10% of units allotted are redeemed within 1 year. | • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 30% of the units (the limit) purchased or switched within 1 year from the date of allotment. • 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 year from the date of allotment. • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment. |
Canara Robeco Conservative Hybrid vs ICICI Prudential Balanced Advantage: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Canara Robeco Conservative Hybrid Fund (Direct) | −0.68% | −1.76% | +1.54% | +0.65% | +7.42% | +6.69% | +8.33% |
| ICICI Prudential Balanced Advantage Fund (Direct) | +0.15% | −3.08% | +1.18% | +0.30% | +10.55% | +9.90% | +10.97% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
Category average: the average of the 18 Conservative Hybrid funds and the 38 Balanced Advantage funds, same plan type.
Canara Robeco Conservative Hybrid vs ICICI Prudential Balanced Advantage: Year-wise Returns
| Year | Canara Robeco Conservative HybridCanara Robeco Conservative Hybrid | ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage |
|---|---|---|
| 2026to date | +0.93% | −1.16% |
| 2025 | +5.60% | +12.87% |
| 2024 | +11.46% | +12.98% |
| 2023 | +10.98% | +17.24% |
| 2022 | +3.89% | +8.62% |
| 2021 | +11.41% | +15.86% |
Canara Robeco Conservative Hybrid vs ICICI Prudential Balanced Advantage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,618 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Canara Robeco Conservative Hybrid Fund (Direct)
ICICI Prudential Balanced Advantage Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Canara Robeco Conservative Hybrid | 0.0 | 0.0 | 62.4 | 37.5 | 0.0 | 0.0 | 0.0 | 9.5% | 9.2% | 5.0% | 14.2% |
| ICICI Prudential Balanced Advantage | 0.1 | 2.3 | 10.4 | 69.3 | 16.3 | 1.7 | 0.0 | 12.8% | 12.8% | −1.2% | 23.6% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
Canara Robeco Conservative Hybrid vs ICICI Prudential Balanced Advantage: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco Conservative HybridCanara Robeco Conservative Hybrid Fund (Direct) | ₹16,60,000 | ₹30,91,799 | ₹14,31,799 | 8.5% |
| ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage Fund (Direct) | ₹16,60,000 | ₹38,96,154 | ₹22,36,154 | 11.5% |
Canara Robeco Conservative HybridCanara Robeco Conservative Hybrid Fund (Direct)
ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Canara Robeco Conservative Hybrid vs ICICI Prudential Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco Conservative Hybrid Fund (Direct) | ICICI Prudential Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.65% | +0.30% |
| Standard deviation | 3.90% | 9.21% |
| Sharpe ratio | -1.18 | -0.54 |
| Sortino ratio | -1.57 | -0.74 |
| Maximum drawdown | −3.6% (30-03-2026) | −8.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Canara Robeco Conservative Hybrid Fund (Direct) | ICICI Prudential Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.42% | +10.55% |
| Standard deviation | 3.66% | 7.14% |
| Sharpe ratio | 0.38 | 0.63 |
| Sortino ratio | 0.52 | 0.90 |
| Maximum drawdown | −3.6% (30-03-2026) | −8.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Canara Robeco Conservative Hybrid Fund (Direct) | ICICI Prudential Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.69% | +9.90% |
| Standard deviation | 3.58% | 6.46% |
| Sharpe ratio | 0.25 | 0.63 |
| Sortino ratio | 0.34 | 0.89 |
| Maximum drawdown | −4.0% (13-05-2022) | −8.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Canara Robeco Conservative Hybrid Fund (Direct) | ICICI Prudential Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.10% | +12.24% |
| Standard deviation | 4.17% | 8.87% |
| Sharpe ratio | 0.73 | 0.70 |
| Sortino ratio | 1.01 | 0.95 |
| Maximum drawdown | −10.2% (23-03-2020) | −27.0% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Canara Robeco Conservative Hybrid Fund (Direct)
ICICI Prudential Balanced Advantage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Canara Robeco Conservative Hybrid Fund (Direct) | −10.2% | 20-02-2020 | 23-03-2020 | 23-06-2020 | 3 months | −2.5% |
| ICICI Prudential Balanced Advantage Fund (Direct) | −27.0% | 12-02-2020 | 23-03-2020 | 26-08-2020 | 5 months | −4.9% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Canara Robeco Conservative Hybrid Fund (Direct)
ICICI Prudential Balanced Advantage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Canara Robeco Conservative Hybrid Fund (Direct)
ICICI Prudential Balanced Advantage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Canara Robeco Conservative Hybrid Fund (Direct)
ICICI Prudential Balanced Advantage Fund (Direct)
Canara Robeco Conservative Hybrid vs ICICI Prudential Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Conservative Hybrid Fund, September 2026; ICICI Prudential Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 19.1%
- Held by both
- 29
- Only in Canara Robeco Conservative Hybrid
- 50
- Only in ICICI Prudential Balanced Advantage
- 179
| Security | % of Canara Robeco Conservative Hybrid | % of ICICI Prudential Balanced Advantage |
|---|---|---|
| 6.94% GOI 2036 (11-MAY-2036) | 6.79% | 2.71% |
| ICICI Bank Ltd | 2.21% | 4.15% |
| HDFC Bank Ltd | 1.66% | 3.41% |
| Bajaj Finance Ltd | 0.98% | 0.99% |
| Bharti Airtel Ltd | 0.86% | 1.91% |
| Interglobe Aviation Ltd | 0.83% | 1.48% |
| Eternal Ltd | 0.82% | 2.18% |
| GOI FRB 2034 (30-OCT-2034) | 4.44% | 0.81% |
| Larsen & Toubro Ltd | 0.80% | 1.86% |
| Cholamandalam Investment and Finance Co Ltd | 0.76% | 0.71% |
| Britannia Industries Ltd | 0.71% | 1.08% |
| 7.24% GOI 2055 (18-AUG-2055) | 0.59% | 0.77% |
| Kotak Mahindra Bank Ltd | 0.57% | 1.57% |
| 6.90% GOI 2065 (15-APR-2065) | 0.55% | 1.09% |
| Ultratech Cement Ltd | 0.55% | 0.68% |
| Tech Mahindra Ltd | 0.55% | 0.54% |
| Shriram Finance Ltd | 0.52% | 0.73% |
| Shadowfax Technologies Ltd | 0.55% | 0.41% |
| Torrent Pharmaceuticals Ltd | 1.07% | 0.36% |
| Reliance Industries Ltd | 0.34% | 2.54% |
| Eicher Motors Ltd | 0.31% | 0.30% |
| 7.62% National Bank For Agriculture & Rural Development (31/01/2028) | 1.85% | 0.28% |
| Info Edge (India) Ltd | 0.24% | 0.35% |
| Motherson Sumi Wiring India Ltd | 0.41% | 0.22% |
| Bharat Electronics Ltd | 0.17% | 0.53% |
| Ge Vernova T&D India Ltd | 0.40% | 0.14% |
| Jubilant Foodworks Ltd | 0.20% | 0.11% |
| Max Healthcare Institute Ltd | 0.65% | 0.06% |
| GOI FRB 2033 (22-SEP-2033) | 2.57% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.1% means 19.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Canara Robeco Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 7.02% Bajaj Housing Finance Ltd (26/05/2028) | 3.64% |
| 9.00% HDFC Bank Ltd (29/11/2028) | 3.15% |
| 7.79% Small Industries Development Bank Of India (14/05/2027) | 3.09% |
| 8.0409% TATA CAP HSG FIN LTD 19-MAR-27 | 3.09% |
| 8.12% Bajaj Finance Ltd (10/09/2027) | 3.08% |
Largest holdings only in ICICI Prudential Balanced Advantage Fund
| Security | % of fund |
|---|---|
| TVS Motor Company Ltd. | 6.31% |
| EMBASSY OFFICE PARKS REIT | 2.80% |
| Infosys Ltd. | 2.27% |
| Axis Bank Ltd. | 2.04% |
| State Bank Of India | 1.97% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Conservative Hybrid | ICICI Prudential Balanced Advantage |
|---|---|---|
| Equity | 24.3% | 71.0% |
| Debt | 71.2% | 21.2% |
| Cash and others | 4.5% | 7.8% |
Market cap of stocks
| Market cap | Canara Robeco Conservative Hybrid | ICICI Prudential Balanced Advantage |
|---|---|---|
| Large Cap | 15.1% | 60.8% |
| Mid Cap | 1.5% | 6.8% |
| Small Cap | 7.6% | 3.1% |
| Not on AMFI's list | 0.0% | 0.2% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Canara Robeco Conservative Hybrid | ICICI Prudential Balanced Advantage |
|---|---|---|
| Banks | 4.8% | 13.4% |
| Automobiles | 0.3% | 9.5% |
| Retailing | 1.5% | 5.9% |
| It - Software | 0.0% | 4.6% |
| Finance | 3.5% | 3.2% |
| Petroleum Products | 0.3% | 3.1% |
| Healthcare Services | 2.1% | 0.9% |
| Transport Services | 1.4% | 1.9% |
| Food Products | 1.4% | 1.1% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco Conservative Hybrid vs ICICI Prudential Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Conservative Hybrid Fund | ICICI Prudential Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.77% | 1.03% |
| Base expense ratio (Direct) | 0.59% | 0.71% |
| Total expense ratio (Regular) | 1.89% | 1.56% |
| Base expense ratio (Regular) | 1.54% | 1.15% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Canara Robeco Conservative Hybrid with
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Compare ICICI Prudential Balanced Advantage with
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- ICICI Prudential Balanced Advantage vs Axis Balanced Advantage
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Canara Robeco Conservative Hybrid Fund vs ICICI Prudential Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Canara Robeco Conservative Hybrid Fund and ICICI Prudential Balanced Advantage Fund?
Canara Robeco Conservative Hybrid Fund is a Conservative Hybrid fund, ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund, run by Canara Robeco Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 19.1%. Canara Robeco Conservative Hybrid Fund charges 0.77% a year and ICICI Prudential Balanced Advantage Fund 1.03%.
Which has given higher returns, Canara Robeco Conservative Hybrid Fund or ICICI Prudential Balanced Advantage Fund?
Over 1 year: Canara Robeco Conservative Hybrid Fund +0.65%, ICICI Prudential Balanced Advantage Fund +0.30%. Over 3 years: Canara Robeco Conservative Hybrid Fund +7.42% a year, ICICI Prudential Balanced Advantage Fund +10.55% a year. Over 5 years: Canara Robeco Conservative Hybrid Fund +6.69% a year, ICICI Prudential Balanced Advantage Fund +9.90% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Canara Robeco Conservative Hybrid Fund or ICICI Prudential Balanced Advantage Fund?
Canara Robeco Conservative Hybrid Fund charges less: 0.77% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco Conservative Hybrid Fund and ICICI Prudential Balanced Advantage Fund overlap?
19.1%. They hold 29 of the same securities, the largest shared ones being 6.94% GOI 2036 (11-MAY-2036), ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Canara Robeco Conservative Hybrid Fund or ICICI Prudential Balanced Advantage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,17,260 in Canara Robeco Conservative Hybrid Fund (XIRR 6.3% a year) and ₹7,71,458 in ICICI Prudential Balanced Advantage Fund (XIRR 9.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Canara Robeco Conservative Hybrid Fund and ICICI Prudential Balanced Advantage Fund?
Yes. 19.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Canara Robeco Conservative Hybrid Fund and ICICI Prudential Balanced Advantage Fund?
Canara Robeco Conservative Hybrid Fund: Avnish Jain / Mr. Amit Kadam /Ms. Suman Prasad. ICICI Prudential Balanced Advantage Fund: Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.