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    HDFC Balanced Advantage Fund vs ICICI Prudential Balanced Advantage Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    HDFC Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund are both Balanced Advantage funds. In the 3 years to 30-10-2026, HDFC Balanced Advantage Fund (Direct) returned 10.5% a year and ICICI Prudential Balanced Advantage Fund (Direct) returned 10.6% a year. HDFC Balanced Advantage Fund charges 0.77% a year and ICICI Prudential Balanced Advantage Fund 1.03% (Direct plans). Their portfolios overlap 40.8%: they hold 70 of the same securities.

    HDFC Balanced Advantage Fund

    Balanced Advantage

    3 year return
    10.5%
    Expense ratio
    0.77%
    NAV
    ₹546.24
    See HDFC Balanced Advantage Fund

    ICICI Prudential Balanced Advantage Fund

    Balanced Advantage

    3 year return
    10.6%
    Expense ratio
    1.03%
    NAV
    ₹85.81
    See ICICI Prudential Balanced Advantage Fund

    Which is better, HDFC Balanced Advantage 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.

    • HDFC Balanced Advantage returned more over 5 years: 13.0% a year against 9.9%.
    • ICICI Prudential Balanced Advantage returned more over 3 years: 10.6% a year against 10.5%.
    • HDFC Balanced Advantage costs less: 0.77% a year against 1.03% (Direct plans).
    • ICICI Prudential Balanced Advantage swung less over 3 years: a standard deviation of 7.1% a year against 9.8%.
    • ICICI Prudential Balanced Advantage fell less in its worst fall since 02-01-2013: −27.0% against −34.2%.
    • HDFC Balanced Advantage is the larger fund: ₹1,02,534 Cr against ₹71,913 Cr.
    • Their portfolios overlap 40.8%: 70 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

    FactHDFC Balanced Advantage FundICICI Prudential Balanced Advantage Fund
    Fund houseHDFC Mutual FundICICI Prudential Mutual Fund
    CategoryBalanced AdvantageBalanced Advantage
    AUM₹1,02,534 Cr (30-09-2026)₹71,913 Cr (30-09-2026)
    NAV₹546.24 (Direct)₹85.81 (Direct)
    Expense ratio (Direct)0.77%1.03%
    Expense ratio (Regular)1.30%1.56%
    RiskometerVery HighNot available
    BenchmarkNIFTY 50 Hybrid Composite Debt 50:50 IndexCRISIL Hybrid 50+50 - Moderate Index
    Launch date01-02-199430-12-2006
    Minimum investment₹100₹500
    Lock inNoneNone
    Fund managersGopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil BamboliRajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva
    Exit loadExit Load for units in excess of 15% of the investment,1% will be charged for redemption 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.

    HDFC Balanced Advantage 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.

    Fund1M3M6M1Y3Y5Y10Y
    HDFC Balanced Advantage Fund (Direct)−0.67%−4.30%−2.27%−5.25%+10.53%+13.03%+13.61%
    ICICI Prudential Balanced Advantage Fund (Direct)+0.15%−3.08%+1.18%+0.30%+10.55%+9.90%+10.97%
    Balanced Advantage average−0.55%−2.88%+0.08%−2.08%+9.14%+8.35%+9.91%

    Category average: the average of the 38 Balanced Advantage funds, same plan type.

    HDFC Balanced Advantage vs ICICI Prudential Balanced Advantage: Year-wise Returns

    YearHDFCHDFC Balanced AdvantageICICI PrudentialICICI Prudential Balanced Advantage
    2026to date−5.77%−1.16%
    2025+7.87%+12.87%
    2024+17.44%+12.98%
    2023+32.13%+17.24%
    2022+19.56%+8.62%
    2021+27.11%+15.86%

    HDFC Balanced Advantage vs ICICI Prudential Balanced Advantage: Rolling Returns

    Every holding period of both funds

    Rolling returns

    Every 3-year holding period, 2,666 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.

    −10%0%10%20%30%40%
    Nov 2013
    to
    Nov 2016    Sept 2015
    to
    Sept 2018    Jul 2017
    to
    Jul 2020    May 2019
    to
    May 2022    Mar 2021
    to
    Mar 2024    Dec 2022
    to
    Dec 2025
    HDFC Balanced Advantage Fund (Direct)ICICI Prudential Balanced Advantage Fund (Direct)

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighest
    HDFC Balanced Advantage1.85.46.533.627.914.410.515.9%15.5%−3.7%33.8%
    ICICI Prudential Balanced Advantage0.12.310.469.316.31.70.012.8%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.

    HDFC Balanced Advantage 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    HDFC Balanced AdvantageHDFC Balanced Advantage Fund (Direct) ₹16,60,000 ₹46,90,351 ₹30,30,351 13.9%
    ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage Fund (Direct) ₹16,60,000 ₹38,96,154 ₹22,36,154 11.5%
    ₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L₹50.0 L
    2014201620182020202220242026
    HDFC Balanced AdvantageHDFC Balanced Advantage 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.

    HDFC Balanced Advantage vs ICICI Prudential Balanced Advantage: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureHDFC Balanced Advantage Fund (Direct)ICICI Prudential Balanced Advantage Fund (Direct)
    Return (CAGR)+10.53%+10.55%
    Standard deviation9.77%7.14%
    Sharpe ratio0.460.63
    Sortino ratio0.610.90
    Maximum drawdown−10.2% (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.

    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.

    −40%−30%−20%−10%0%
    2014201620182020202220242026
    HDFC Balanced Advantage Fund (Direct)ICICI Prudential Balanced Advantage Fund (Direct)
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    HDFC Balanced Advantage Fund (Direct)−34.2%04-07-201923-03-202003-12-20208 months−6.5%
    ICICI Prudential Balanced Advantage Fund (Direct)−27.0%12-02-202023-03-202026-08-20205 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%20%
    20172019202120232025
    HDFC Balanced Advantage Fund (Direct)ICICI Prudential Balanced Advantage Fund (Direct)

    HDFC Balanced Advantage vs ICICI Prudential Balanced Advantage: Portfolio Overlap

    From each fund's latest monthly portfolio: HDFC Balanced Advantage Fund, September 2026; ICICI Prudential Balanced Advantage Fund, September 2026

    Holdings in common

    Overlap
    40.8%
    Held by both
    70
    Only in HDFC Balanced Advantage
    241
    Only in ICICI Prudential Balanced Advantage
    138
    Security% of HDFC Balanced Advantage% of ICICI Prudential Balanced Advantage
    ICICI Bank Ltd.5.06%4.15%
    HDFC Bank Ltd.4.32%3.41%
    Reliance Industries Ltd.3.64%2.54%
    Axis Bank Ltd.2.65%2.04%
    State Bank of India3.28%1.97%
    Bharti Airtel Ltd.3.05%1.91%
    Larsen and Toubro Ltd.2.52%1.86%
    Eternal Limited1.68%2.18%
    Kotak Mahindra Bank Limited1.58%1.57%
    Infosys Limited1.45%2.27%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.8% means 40.8% 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 HDFC Balanced Advantage Fund

    Security% of fund
    7.18% GOI MAT 1408332.04%
    Coal India Ltd.1.77%
    Lupin Ltd.1.13%
    GAIL (India) Ltd.0.82%
    Hyundai Motor India Limited0.79%

    Largest holdings only in ICICI Prudential Balanced Advantage Fund

    Security% of fund
    TVS Motor Company Ltd.6.31%
    Titan Company Ltd.1.02%
    Bajaj Finance Ltd.0.99%
    Samvardhana Motherson International Ltd.0.81%
    Government Securities0.81%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetHDFC Balanced AdvantageICICI Prudential Balanced Advantage
    Equity73.4%71.0%
    Debt23.6%21.2%
    Cash and others2.9%7.8%

    Market cap of stocks

    Market capHDFC Balanced AdvantageICICI Prudential Balanced Advantage
    Large Cap54.4%60.8%
    Mid Cap9.4%6.8%
    Small Cap9.4%3.1%
    Not on AMFI's list0.2%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

    SectorHDFC Balanced AdvantageICICI Prudential Balanced Advantage
    Banks18.8%13.4%
    Automobiles3.5%9.5%
    Retailing2.8%5.9%
    Pharmaceuticals & Biotechnology5.6%2.3%
    Petroleum Products5.2%3.1%
    It - Software0.0%4.6%
    IT - Software4.5%0.0%
    Construction3.7%1.9%
    Finance3.0%3.2%

    The six largest sectors of each fund's stocks, % of the fund.

    HDFC Balanced Advantage vs ICICI Prudential Balanced Advantage: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeHDFC Balanced Advantage FundICICI Prudential Balanced Advantage Fund
    Total expense ratio (Direct)0.77%1.03%
    Base expense ratio (Direct)0.64%0.71%
    Total expense ratio (Regular)1.30%1.56%
    Base expense ratio (Regular)1.09%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

    HDFC Balanced Advantage Fund vs ICICI Prudential Balanced Advantage Fund: Frequently Asked Questions

    What is the difference between HDFC Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund?

    Both are Balanced Advantage funds, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 40.8%. HDFC Balanced Advantage Fund charges 0.77% a year and ICICI Prudential Balanced Advantage Fund 1.03%.

    Which has given higher returns, HDFC Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund?

    Over 1 year: HDFC Balanced Advantage Fund −5.25%, ICICI Prudential Balanced Advantage Fund +0.30%. Over 3 years: HDFC Balanced Advantage Fund +10.53% a year, ICICI Prudential Balanced Advantage Fund +10.55% a year. Over 5 years: HDFC Balanced Advantage Fund +13.03% 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, HDFC Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund?

    HDFC Balanced Advantage Fund charges less: 0.77% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do HDFC Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund overlap?

    40.8%. They hold 70 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.

    Which is better for SIP, HDFC Balanced Advantage 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 ₹7,84,851 in HDFC Balanced Advantage Fund (XIRR 9.9% 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 HDFC Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund?

    Yes. 40.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages HDFC Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund?

    HDFC Balanced Advantage Fund: Gopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil Bamboli. 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.

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