ICICI Prudential Balanced Hybrid Fund vs ICICI Prudential Conservative Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Balanced Hybrid Fund is a mutual fund and ICICI Prudential Conservative Hybrid Fund is a Conservative Hybrid fund. ICICI Prudential Balanced Hybrid Fund charges 1.15% a year and ICICI Prudential Conservative Hybrid Fund 1.04% (Direct plans). Their portfolios overlap 22.7%: they hold 27 of the same securities.
ICICI Prudential Balanced Hybrid Fund
- Expense ratio
- 1.15%
- NAV
- ₹9.74
ICICI Prudential Conservative Hybrid Fund
Conservative Hybrid
- Expense ratio
- 1.04%
- NAV
- ₹86.38
Which is better, ICICI Prudential Balanced Hybrid 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 Conservative Hybrid costs less: 1.04% a year against 1.15% (Direct plans).
- ICICI Prudential Conservative Hybrid fell less in its worst fall since 20-07-2026: −2.7% against −5.5%.
- ICICI Prudential Conservative Hybrid is the larger fund: ₹3,270 Cr against ₹219 Cr.
- Their portfolios overlap 22.7%: 27 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 Hybrid Fund | ICICI Prudential Conservative Hybrid Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Not available | Conservative Hybrid |
| AUM | ₹219 Cr (30-09-2026) | ₹3,270 Cr (30-09-2026) |
| NAV | ₹9.74 (Direct) | ₹86.38 (Direct) |
| Expense ratio (Direct) | 1.15% | 1.04% |
| Expense ratio (Regular) | 2.33% | 1.73% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index |
| Launch date | Not available | 30-03-2004 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Manish Banthia , Akhil Kakkar, Roshan Chutkey |
| Exit load | Not available | Exit load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year |
ICICI Prudential Balanced Hybrid 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 Hybrid Fund (Direct) | −2.50% | −3.66% | -- | -- | -- | -- | -- |
| ICICI Prudential Conservative Hybrid Fund (Direct) | −0.49% | −1.74% | +0.73% | +1.04% | +8.45% | +7.91% | +9.10% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 18 Conservative Hybrid funds, same plan type.
ICICI Prudential Balanced Hybrid vs ICICI Prudential Conservative Hybrid: Year-wise Returns
| Year | BalancedICICI Prudential Balanced Hybrid | ConservativeICICI Prudential Conservative Hybrid |
|---|---|---|
| 2026to date | -- | +0.46% |
| 2025 | -- | +8.72% |
| 2024 | -- | +12.22% |
| 2023 | -- | +12.24% |
| 2022 | -- | +5.93% |
| 2021 | -- | +10.91% |
ICICI Prudential Balanced Hybrid vs ICICI Prudential Conservative Hybrid: Rolling Returns
Every holding period of both funds
ICICI Prudential Balanced Hybrid 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 Hybrid Fund (Direct) | ICICI Prudential Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.33% | +10.03% |
| Standard deviation | 6.98% | 4.13% |
| Sharpe ratio | -2.09 | 0.96 |
| Sortino ratio | -2.49 | 1.33 |
| Maximum drawdown | −5.5% (23-10-2026) | −8.8% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 20-07-2026 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 Hybrid 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 Hybrid Fund (Direct) | −5.5% | 06-08-2026 | 23-10-2026 | Not yet | -- | −4.8% |
| ICICI Prudential Conservative Hybrid Fund (Direct) | −2.7% | 03-08-2026 | 23-10-2026 | Not yet | -- | −2.2% |
From daily values since 20-07-2026, the first day every fund has.
ICICI Prudential Balanced Hybrid vs ICICI Prudential Conservative Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Balanced Hybrid Fund, September 2026; ICICI Prudential Conservative Hybrid Fund, September 2026
Holdings in common
- Overlap
- 22.7%
- Held by both
- 27
- Only in ICICI Prudential Balanced Hybrid
- 23
- Only in ICICI Prudential Conservative Hybrid
- 104
| Security | % of ICICI Prudential Balanced Hybrid | % of ICICI Prudential Conservative Hybrid |
|---|---|---|
| Government Securities | 8.97% | 4.50% |
| Muthoot Finance Ltd. | 3.42% | 1.53% |
| Rural Electrification Corporation Ltd. | 4.54% | 1.52% |
| Gabriel India Ltd | 4.53% | 1.52% |
| HDFC Bank Ltd. | 2.34% | 1.45% |
| SBI Life Insurance Company Ltd. | 3.10% | 1.43% |
| Axis Bank Ltd. | 2.62% | 1.03% |
| Dr. Reddy's Laboratories Ltd. | 2.24% | 0.98% |
| Vedanta Ltd. | 2.29% | 0.92% |
| NTPC Ltd. | 1.09% | 0.92% |
| ICICI Lombard General Insurance Company Ltd. | 1.45% | 0.75% |
| Hindustan Unilever Ltd. | 1.33% | 0.72% |
| Reliance Industries Ltd. | 1.32% | 0.70% |
| HDFC Life Insurance Company Ltd. | 1.56% | 0.69% |
| Mahindra & Mahindra Ltd. | 1.06% | 0.66% |
| Kotak Mahindra Bank Ltd. | 0.76% | 0.64% |
| Medplus Health Services Ltd | 1.74% | 0.59% |
| ICICI Prudential Life Insurance Company Ltd. | 1.79% | 0.46% |
| Godrej Consumer Products Ltd. | 1.51% | 0.43% |
| KPIT Technologies Ltd | 1.27% | 0.35% |
| Vedanta Aluminium Metal Ltd. | 1.44% | 0.23% |
| Pg Electroplast Ltd. | 0.90% | 0.19% |
| CIE Automotive India Ltd | 0.85% | 0.15% |
| Avanti Feeds Ltd. | 0.99% | 0.15% |
| Amrutanjan Health Care Ltd. | 1.23% | 0.10% |
| Campus Activewear Ltd | 1.23% | 0.09% |
| PI Industries Ltd. | 2.97% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.7% means 22.7% 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 Hybrid Fund
| Security | % of fund |
|---|---|
| MINDSPACE BUSINESS PARKS REIT | 3.40% |
| SMFG India Home Finance Company Ltd. | 2.29% |
| Aavas Financiers Ltd. | 2.28% |
| Manappuram Finance Ltd. | 2.27% |
| Small Industries Development Bank Of India. | 2.24% |
Largest holdings only in ICICI Prudential Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| Government Securities | 4.12% |
| Adani Enterprises Ltd. | 3.05% |
| Manappuram Finance Ltd. | 3.03% |
| Godrej Properties Ltd. | 2.30% |
| NABARD | 2.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Balanced Hybrid | ICICI Prudential Conservative Hybrid |
|---|---|---|
| Equity | 52.5% | 23.0% |
| Debt | 38.4% | 71.5% |
| Cash and others | 9.0% | 5.6% |
Market cap of stocks
| Market cap | ICICI Prudential Balanced Hybrid | ICICI Prudential Conservative Hybrid |
|---|---|---|
| Large Cap | 21.1% | 14.4% |
| Mid Cap | 12.8% | 3.2% |
| Small Cap | 17.2% | 5.4% |
| Not on AMFI's list | 1.4% | 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 Hybrid | ICICI Prudential Conservative Hybrid |
|---|---|---|
| Insurance | 7.9% | 3.5% |
| Banks | 5.7% | 4.4% |
| Consumer Durables | 4.4% | 0.5% |
| Pharmaceuticals & Biotechnology | 3.5% | 2.2% |
| Fertilizers & Agrochemicals | 3.0% | 0.6% |
| Auto Components | 2.9% | 0.1% |
| Retailing | 2.5% | 1.4% |
| Automobiles | 2.0% | 1.7% |
| Food Products | 1.0% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Balanced Hybrid vs ICICI Prudential Conservative Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Balanced Hybrid Fund | ICICI Prudential Conservative Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.15% | 1.04% |
| Base expense ratio (Direct) | 0.50% | 0.84% |
| Total expense ratio (Regular) | 2.33% | 1.73% |
| Base expense ratio (Regular) | 1.50% | 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 Conservative Hybrid with
ICICI Prudential Balanced Hybrid Fund vs ICICI Prudential Conservative Hybrid Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Balanced Hybrid Fund and ICICI Prudential Conservative Hybrid Fund?
ICICI Prudential Balanced Hybrid Fund is a mutual fund, ICICI Prudential Conservative Hybrid Fund is a Conservative Hybrid fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 22.7%. ICICI Prudential Balanced Hybrid Fund charges 1.15% a year and ICICI Prudential Conservative Hybrid Fund 1.04%.
Which has the lower expense ratio, ICICI Prudential Balanced Hybrid Fund or ICICI Prudential Conservative Hybrid Fund?
ICICI Prudential Conservative Hybrid Fund charges less: 1.04% a year against 1.15%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Balanced Hybrid Fund and ICICI Prudential Conservative Hybrid Fund overlap?
22.7%. They hold 27 of the same securities, the largest shared ones being Government Securities, Muthoot Finance Ltd., Rural Electrification Corporation Ltd.. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Balanced Hybrid Fund and ICICI Prudential Conservative Hybrid Fund?
Yes. 22.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.