ICICI Prudential Balanced Advantage Fund vs ICICI Prudential Conservative Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund and ICICI Prudential Conservative Hybrid Fund is a Conservative Hybrid fund. In the 3 years to 30-10-2026, ICICI Prudential Balanced Advantage Fund (Direct) returned 10.6% a year and ICICI Prudential Conservative Hybrid Fund (Direct) returned 8.4% a year. ICICI Prudential Balanced Advantage Fund charges 1.03% a year and ICICI Prudential Conservative Hybrid Fund 1.04% (Direct plans). Their portfolios overlap 22.9%: they hold 60 of the same securities.
ICICI Prudential Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.6%
- Expense ratio
- 1.03%
- NAV
- ₹85.81
ICICI Prudential Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.4%
- Expense ratio
- 1.04%
- NAV
- ₹86.38
Which is better, ICICI Prudential Balanced Advantage or ICICI Prudential Conservative Hybrid? 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 7.9%.
- ICICI Prudential Balanced Advantage returned more over 3 years: 10.6% a year against 8.4%.
- ICICI Prudential Balanced Advantage costs less: 1.03% a year against 1.04% (Direct plans).
- ICICI Prudential Conservative Hybrid swung less over 3 years: a standard deviation of 3.2% a year against 7.1%.
- ICICI Prudential Conservative Hybrid fell less in its worst fall since 04-01-2013: −8.8% against −27.0%.
- ICICI Prudential Balanced Advantage holds more in large companies: 60.8% of the fund in large caps against 14.4%.
- ICICI Prudential Balanced Advantage is the larger fund: ₹71,913 Cr against ₹3,270 Cr.
- Their portfolios overlap 22.9%: 60 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 | ICICI Prudential Balanced Advantage Fund | ICICI Prudential Conservative Hybrid Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Balanced Advantage | Conservative Hybrid |
| AUM | ₹71,913 Cr (30-09-2026) | ₹3,270 Cr (30-09-2026) |
| NAV | ₹85.81 (Direct) | ₹86.38 (Direct) |
| Expense ratio (Direct) | 1.03% | 1.04% |
| Expense ratio (Regular) | 1.56% | 1.73% |
| Riskometer | Not available | Not available |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index |
| Launch date | 30-12-2006 | 30-03-2004 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva | Manish Banthia , Akhil Kakkar, Roshan Chutkey |
| Exit load | • 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. | Exit load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year |
ICICI Prudential Balanced Advantage vs ICICI Prudential Conservative Hybrid: 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Balanced Advantage Fund (Direct) | +0.15% | −3.08% | +1.18% | +0.30% | +10.55% | +9.90% | +10.97% |
| ICICI Prudential Conservative Hybrid Fund (Direct) | −0.49% | −1.74% | +0.73% | +1.04% | +8.45% | +7.91% | +9.10% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 38 Balanced Advantage funds and the 18 Conservative Hybrid funds, same plan type.
ICICI Prudential Balanced Advantage vs ICICI Prudential Conservative Hybrid: Year-wise Returns
| Year | Balanced AdvantageICICI Prudential Balanced Advantage | Conservative HybridICICI Prudential Conservative Hybrid |
|---|---|---|
| 2026to date | −1.16% | +0.46% |
| 2025 | +12.87% | +8.72% |
| 2024 | +12.98% | +12.22% |
| 2023 | +17.24% | +12.24% |
| 2022 | +8.62% | +5.93% |
| 2021 | +15.86% | +10.91% |
ICICI Prudential Balanced Advantage vs ICICI Prudential Conservative Hybrid: 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.
ICICI Prudential Balanced Advantage Fund (Direct)
ICICI Prudential Conservative Hybrid 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| ICICI Prudential Conservative Hybrid | 0.0 | 0.0 | 35.7 | 61.0 | 3.3 | 0.0 | 0.0 | 10.7% | 10.4% | 5.9% | 17.2% |
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 04-01-2013. Past returns do not promise future returns.
ICICI Prudential Balanced Advantage vs ICICI Prudential Conservative Hybrid: 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 |
|---|---|---|---|---|
| ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage Fund (Direct) | ₹16,60,000 | ₹38,96,154 | ₹22,36,154 | 11.5% |
| ICICI Prudential Conservative HybridICICI Prudential Conservative Hybrid Fund (Direct) | ₹16,60,000 | ₹33,16,366 | ₹16,56,366 | 9.5% |
ICICI Prudential Balanced AdvantageICICI Prudential Balanced Advantage Fund (Direct)
ICICI Prudential Conservative HybridICICI Prudential Conservative Hybrid 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.
ICICI Prudential Balanced Advantage vs ICICI Prudential Conservative Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Balanced Advantage Fund (Direct) | ICICI Prudential Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.30% | +1.04% |
| Standard deviation | 9.21% | 3.58% |
| Sharpe ratio | -0.54 | -1.18 |
| Sortino ratio | -0.74 | -1.57 |
| Maximum drawdown | −8.2% (30-03-2026) | −3.0% (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 | ICICI Prudential Balanced Advantage Fund (Direct) | ICICI Prudential Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.55% | +8.45% |
| Standard deviation | 7.14% | 3.17% |
| Sharpe ratio | 0.63 | 0.77 |
| Sortino ratio | 0.90 | 1.07 |
| Maximum drawdown | −8.2% (30-03-2026) | −3.0% (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 | ICICI Prudential Balanced Advantage Fund (Direct) | ICICI Prudential Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.90% | +7.91% |
| Standard deviation | 6.46% | 3.16% |
| Sharpe ratio | 0.63 | 0.67 |
| Sortino ratio | 0.89 | 0.92 |
| Maximum drawdown | −8.2% (30-03-2026) | −3.1% (07-03-2022) |
| 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 | ICICI Prudential Balanced Advantage Fund (Direct) | ICICI Prudential Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.24% | +10.03% |
| Standard deviation | 8.87% | 4.13% |
| Sharpe ratio | 0.70 | 0.96 |
| Sortino ratio | 0.95 | 1.33 |
| Maximum drawdown | −27.0% (23-03-2020) | −8.8% (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.
ICICI Prudential Balanced Advantage Fund (Direct)
ICICI Prudential Conservative Hybrid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Balanced Advantage Fund (Direct) | −27.0% | 12-02-2020 | 23-03-2020 | 26-08-2020 | 5 months | −4.9% |
| ICICI Prudential Conservative Hybrid Fund (Direct) | −8.8% | 20-02-2020 | 23-03-2020 | 06-07-2020 | 3 months | −2.2% |
From daily values since 04-01-2013, 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.
ICICI Prudential Balanced Advantage Fund (Direct)
ICICI Prudential Conservative Hybrid 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.
ICICI Prudential Balanced Advantage Fund (Direct)
ICICI Prudential Conservative Hybrid 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.
ICICI Prudential Balanced Advantage Fund (Direct)
ICICI Prudential Conservative Hybrid Fund (Direct)
ICICI Prudential Balanced Advantage vs ICICI Prudential Conservative Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Balanced Advantage Fund, September 2026; ICICI Prudential Conservative Hybrid Fund, September 2026
Holdings in common
- Overlap
- 22.9%
- Held by both
- 60
- Only in ICICI Prudential Balanced Advantage
- 148
- Only in ICICI Prudential Conservative Hybrid
- 71
| Security | % of ICICI Prudential Balanced Advantage | % of ICICI Prudential Conservative Hybrid |
|---|---|---|
| Government Securities | 2.71% | 4.50% |
| HDFC Bank Ltd. | 3.41% | 1.45% |
| ICICI Bank Ltd. | 4.15% | 1.30% |
| Government Securities | 1.09% | 4.12% |
| Axis Bank Ltd. | 2.04% | 1.03% |
| NTPC Ltd. | 0.92% | 0.92% |
| Britannia Industries Ltd. | 1.08% | 0.82% |
| Government Securities | 0.81% | 1.69% |
| Bharti Airtel Ltd. | 1.91% | 0.76% |
| Sun Pharmaceutical Industries Ltd. | 0.77% | 0.76% |
| Government Securities | 0.77% | 0.73% |
| SBI Life Insurance Company Ltd. | 0.71% | 1.43% |
| Reliance Industries Ltd. | 2.54% | 0.70% |
| Muthoot Finance Ltd. | 0.70% | 1.53% |
| Mahindra & Mahindra Ltd. | 1.08% | 0.66% |
| Maruti Suzuki India Ltd. | 1.79% | 0.64% |
| Kotak Mahindra Bank Ltd. | 1.57% | 0.64% |
| Infosys Ltd. | 2.27% | 0.43% |
| Muthoot Finance Ltd. | 0.41% | 0.76% |
| Gabriel India Ltd | 0.35% | 1.52% |
| HDFC Life Insurance Company Ltd. | 0.30% | 0.69% |
| India Universal Trust AL2 | 0.30% | 0.44% |
| Vedanta Ltd. | 0.28% | 0.77% |
| NABARD | 0.28% | 2.29% |
| State Government of Uttar Pradesh | 0.27% | 0.73% |
| ICICI Lombard General Insurance Company Ltd. | 0.25% | 0.75% |
| Hindustan Unilever Ltd. | 0.24% | 0.72% |
| Vedanta Aluminium Metal Ltd. | 0.32% | 0.23% |
| Pg Electroplast Ltd. | 0.25% | 0.19% |
| Dr. Reddy's Laboratories Ltd. | 0.17% | 0.98% |
| Adani Enterprises Ltd. | 0.17% | 3.05% |
| India Universal Trust AL2 | 0.17% | 0.25% |
| State Government of Maharashtra | 0.17% | 0.74% |
| Godrej Industries Ltd. | 0.17% | 1.12% |
| Godrej Industries Ltd. | 0.17% | 1.12% |
| Bamboo Hotels & Global Centre (Delhi) Pvt Ltd. | 0.14% | 0.46% |
| Manappuram Finance Ltd. | 0.14% | 0.76% |
| State Government of Rajasthan | 0.14% | 0.50% |
| Shree Cements Ltd. | 0.13% | 0.18% |
| State Government of Maharashtra | 0.13% | 0.29% |
| State Government of Maharashtra | 0.13% | 0.36% |
| State Government of Maharashtra | 0.13% | 0.29% |
| State Government of Telangana | 0.12% | 0.67% |
| EMBASSY OFFICE PARKS REIT | 2.80% | 0.11% |
| Aavas Financiers Ltd. | 0.10% | 0.76% |
| State Government of Telangana | 0.08% | 0.46% |
| State Government of Rajasthan | 0.08% | 0.57% |
| Godrej Properties Ltd. | 0.07% | 2.30% |
| Rural Electrification Corporation Ltd. | 0.07% | 1.52% |
| State Government of Telangana | 0.05% | 0.60% |
| V-Guard Industries Ltd. | 0.05% | 0.23% |
| State Government of Karnataka | 0.04% | 0.20% |
| Adani Power Ltd. | 0.03% | 1.52% |
| PI Industries Ltd. | 0.48% | 0.03% |
| State Government of Haryana | 0.03% | 0.18% |
| MINDSPACE BUSINESS PARKS REIT | 0.47% | 0.02% |
| State Government of Odisha | 0.02% | 0.23% |
| Mankind Pharma Ltd | 0.02% | 0.12% |
| Hindustan Petroleum Corporation Ltd. | 0.29% | 0.02% |
| State Government of West Bengal | 0.02% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.9% means 22.9% 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 ICICI Prudential Balanced Advantage Fund
| Security | % of fund |
|---|---|
| TVS Motor Company Ltd. | 6.31% |
| Eternal Ltd. | 2.18% |
| State Bank Of India | 1.97% |
| Larsen & Toubro Ltd. | 1.86% |
| Avenue Supermarts Ltd. | 1.58% |
Largest holdings only in ICICI Prudential Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| Manappuram Finance Ltd. | 3.03% |
| Vedanta Ltd. | 1.54% |
| 360 One Prime Ltd | 1.54% |
| Indostar Capital Finance Ltd. | 1.53% |
| Eris Lifesciences Ltd. | 1.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Balanced Advantage | ICICI Prudential Conservative Hybrid |
|---|---|---|
| Equity | 71.0% | 23.0% |
| Debt | 21.2% | 71.5% |
| Cash and others | 7.8% | 5.6% |
Market cap of stocks
| Market cap | ICICI Prudential Balanced Advantage | ICICI Prudential Conservative Hybrid |
|---|---|---|
| Large Cap | 60.8% | 14.4% |
| Mid Cap | 6.8% | 3.2% |
| Small Cap | 3.1% | 5.4% |
| Not on AMFI's list | 0.2% | 0.0% |
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 | ICICI Prudential Balanced Advantage | ICICI Prudential Conservative Hybrid |
|---|---|---|
| Banks | 13.4% | 4.4% |
| Automobiles | 9.5% | 1.7% |
| Retailing | 5.9% | 1.4% |
| It - Software | 4.6% | 0.8% |
| Insurance | 2.3% | 3.5% |
| Finance | 3.2% | 0.3% |
| Petroleum Products | 3.1% | 0.7% |
| Pharmaceuticals & Biotechnology | 2.3% | 2.2% |
| Food Products | 1.1% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Balanced Advantage vs ICICI Prudential Conservative Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Balanced Advantage Fund | ICICI Prudential Conservative Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 1.04% |
| Base expense ratio (Direct) | 0.71% | 0.84% |
| Total expense ratio (Regular) | 1.56% | 1.73% |
| Base expense ratio (Regular) | 1.15% | 1.43% |
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 ICICI Prudential Balanced Advantage with
- ICICI Prudential Balanced Advantage vs quant Dynamic Asset Allocation
- ICICI Prudential Balanced Advantage vs Aditya Birla Sun Life Balanced Advantage
- ICICI Prudential Balanced Advantage vs Baroda BNP Paribas Balanced Advantage
- ICICI Prudential Balanced Advantage vs Axis Balanced Advantage
- ICICI Prudential Balanced Advantage vs WhiteOak Capital Balanced Advantage
Compare ICICI Prudential Conservative Hybrid with
ICICI Prudential Balanced Advantage Fund vs ICICI Prudential Conservative Hybrid Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Balanced Advantage Fund and ICICI Prudential Conservative Hybrid Fund?
ICICI Prudential Balanced Advantage Fund is a Balanced Advantage fund, ICICI Prudential Conservative Hybrid Fund is a Conservative Hybrid fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 22.9%. ICICI Prudential Balanced Advantage Fund charges 1.03% a year and ICICI Prudential Conservative Hybrid Fund 1.04%.
Which has given higher returns, ICICI Prudential Balanced Advantage Fund or ICICI Prudential Conservative Hybrid Fund?
Over 1 year: ICICI Prudential Balanced Advantage Fund +0.30%, ICICI Prudential Conservative Hybrid Fund +1.04%. Over 3 years: ICICI Prudential Balanced Advantage Fund +10.55% a year, ICICI Prudential Conservative Hybrid Fund +8.45% a year. Over 5 years: ICICI Prudential Balanced Advantage Fund +9.90% a year, ICICI Prudential Conservative Hybrid Fund +7.91% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Balanced Advantage Fund or ICICI Prudential Conservative Hybrid Fund?
ICICI Prudential Balanced Advantage Fund charges less: 1.03% a year against 1.04%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Balanced Advantage Fund and ICICI Prudential Conservative Hybrid Fund overlap?
22.9%. They hold 60 of the same securities, the largest shared ones being Government Securities, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Balanced Advantage Fund or ICICI Prudential Conservative Hybrid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,71,458 in ICICI Prudential Balanced Advantage Fund (XIRR 9.2% a year) and ₹7,38,010 in ICICI Prudential Conservative Hybrid Fund (XIRR 7.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Balanced Advantage Fund and ICICI Prudential Conservative Hybrid Fund?
Yes. 22.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Balanced Advantage Fund and ICICI Prudential Conservative Hybrid Fund?
ICICI Prudential Balanced Advantage Fund: Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma, Sharmila D'silva. ICICI Prudential Conservative Hybrid Fund: Manish Banthia , Akhil Kakkar, Roshan Chutkey.
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.