ICICI Prudential Balanced Hybrid Fund vs Zerodha Life Cycle Fund 2036
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Balanced Hybrid Fund is a mutual fund and Zerodha Life Cycle Fund 2036 is a mutual fund. ICICI Prudential Balanced Hybrid Fund charges 1.15% a year and Zerodha Life Cycle Fund 2036 1.02% (Direct plans). Their portfolios overlap 21.2%: they hold 23 of the same securities.
ICICI Prudential Balanced Hybrid Fund
- Expense ratio
- 1.15%
- NAV
- ₹9.74
Which is better, ICICI Prudential Balanced Hybrid or Zerodha Life Cycle Fund 2036? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha Life Cycle Fund 2036 costs less: 1.02% a year against 1.15% (Direct plans).
- ICICI Prudential Balanced Hybrid fell less in its worst fall since 20-07-2026: −5.5% against −8.8%.
- Zerodha Life Cycle Fund 2036 holds more in large companies: 37.2% of the fund in large caps against 21.1%.
- ICICI Prudential Balanced Hybrid is the larger fund: ₹219 Cr against ₹21 Cr.
- Their portfolios overlap 21.2%: 23 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 | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Zerodha Mutual Fund |
| Category | Not available | Not available |
| AUM | ₹219 Cr (30-09-2026) | ₹21 Cr (30-09-2026) |
| NAV | ₹9.74 (Direct) | ₹9.41 (Direct) |
| Expense ratio (Direct) | 1.15% | 1.02% |
| Expense ratio (Regular) | 2.33% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Not available | 50% Nifty 200 TRI + 5% Domestic prices of Physical Gold + 5% Domestic prices of Physical Silver + 40% CRISIL 10 year Gil |
| Launch date | Not available | 10-07-2026 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | Not available |
| Fund managers | Not available | Kedarnath Mirajkar |
| Exit load | Not available | Nil |
ICICI Prudential Balanced Hybrid vs Zerodha Life Cycle Fund 2036: 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% | -- | -- | -- | -- | -- |
| Zerodha Life Cycle Fund 2036 (Direct) | −2.14% | −5.76% | -- | -- | -- | -- | -- |
ICICI Prudential Balanced Hybrid vs Zerodha Life Cycle Fund 2036: Rolling Returns
Every holding period of both funds
ICICI Prudential Balanced Hybrid vs Zerodha Life Cycle Fund 2036: 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) | Zerodha Life Cycle Fund 2036 (Direct) |
|---|---|---|
| Return (CAGR) | −9.33% | −18.09% |
| Standard deviation | 6.98% | 8.88% |
| Sharpe ratio | -2.09 | -2.63 |
| Sortino ratio | -2.49 | -3.09 |
| Maximum drawdown | −5.5% (23-10-2026) | −8.8% (23-10-2026) |
| 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)
Zerodha Life Cycle Fund 2036 (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% |
| Zerodha Life Cycle Fund 2036 (Direct) | −8.8% | 25-08-2026 | 23-10-2026 | Not yet | -- | −7.6% |
From daily values since 20-07-2026, the first day every fund has.
ICICI Prudential Balanced Hybrid vs Zerodha Life Cycle Fund 2036: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Balanced Hybrid Fund, September 2026; Zerodha Life Cycle Fund 2036, September 2026
Holdings in common
- Overlap
- 21.2%
- Held by both
- 23
- Only in ICICI Prudential Balanced Hybrid
- 27
- Only in Zerodha Life Cycle Fund 2036
- 230
| Security | % of ICICI Prudential Balanced Hybrid | % of Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Government Securities | 8.97% | 21.67% |
| Axis Bank Ltd. | 2.62% | 2.36% |
| HDFC Bank Ltd. | 2.34% | 4.24% |
| Reliance Industries Ltd. | 1.32% | 1.98% |
| Larsen & Toubro Ltd. | 1.15% | 1.09% |
| Kotak Mahindra Bank Ltd. | 0.76% | 0.76% |
| Mahindra & Mahindra Ltd. | 1.06% | 0.65% |
| Tata Consultancy Services Ltd. | 0.90% | 0.52% |
| Hindustan Unilever Ltd. | 1.33% | 0.41% |
| NTPC Ltd. | 1.09% | 0.39% |
| ICICI Lombard General Insurance Company Ltd. | 1.45% | 0.33% |
| Swiggy Ltd | 0.77% | 0.29% |
| TVS Motor Company Ltd. | 0.92% | 0.23% |
| Havells India Ltd. | 0.96% | 0.20% |
| SBI Life Insurance Company Ltd. | 3.10% | 0.19% |
| Dr. Reddy's Laboratories Ltd. | 2.24% | 0.19% |
| Voltas Ltd. | 1.31% | 0.19% |
| PI Industries Ltd. | 2.97% | 0.15% |
| ICICI Prudential Life Insurance Company Ltd. | 1.79% | 0.15% |
| SBI Cards & Payment Services Ltd. | 1.28% | 0.14% |
| HDFC Life Insurance Company Ltd. | 1.56% | 0.13% |
| Godrej Consumer Products Ltd. | 1.51% | 0.09% |
| KPIT Technologies Ltd | 1.27% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.2% means 21.2% 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 |
|---|---|
| Rural Electrification Corporation Ltd. | 4.54% |
| Gabriel India Ltd | 4.53% |
| Muthoot Finance Ltd. | 3.42% |
| MINDSPACE BUSINESS PARKS REIT | 3.40% |
| SMFG India Home Finance Company Ltd. | 2.29% |
Largest holdings only in Zerodha Life Cycle Fund 2036
| Security | % of fund |
|---|---|
| Zerodha Gold ETF | 4.47% |
| Zerodha Silver ETF | 4.42% |
| ICICI Bank Limited | 2.36% |
| Bharti Airtel Limited | 1.32% |
| BSE Ltd | 1.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Balanced Hybrid | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Equity | 52.5% | 66.7% |
| Debt | 38.4% | 21.7% |
| Cash and others | 9.0% | 11.6% |
Market cap of stocks
| Market cap | ICICI Prudential Balanced Hybrid | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Large Cap | 21.1% | 37.2% |
| Mid Cap | 12.8% | 28.2% |
| Small Cap | 17.2% | 1.3% |
| 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 | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Banks | 5.7% | 13.9% |
| Insurance | 7.9% | 1.6% |
| Consumer Durables | 4.4% | 2.2% |
| Pharmaceuticals & Biotechnology | 3.5% | 4.3% |
| IT - Software | 0.0% | 3.7% |
| Finance | 1.3% | 3.7% |
| Fertilizers & Agrochemicals | 3.0% | 0.6% |
| Auto Components | 2.9% | 1.9% |
| Automobiles | 2.0% | 2.6% |
| Electrical Equipment | 0.0% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Balanced Hybrid vs Zerodha Life Cycle Fund 2036: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Balanced Hybrid Fund | Zerodha Life Cycle Fund 2036 |
|---|---|---|
| Total expense ratio (Direct) | 1.15% | 1.02% |
| Base expense ratio (Direct) | 0.50% | 0.42% |
| Total expense ratio (Regular) | 2.33% | Not available |
| Base expense ratio (Regular) | 1.50% | 0.00% |
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.
ICICI Prudential Balanced Hybrid Fund vs Zerodha Life Cycle Fund 2036: Frequently Asked Questions
What is the difference between ICICI Prudential Balanced Hybrid Fund and Zerodha Life Cycle Fund 2036?
ICICI Prudential Balanced Hybrid Fund is a mutual fund, Zerodha Life Cycle Fund 2036 is a mutual fund, run by ICICI Prudential Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 21.2%. ICICI Prudential Balanced Hybrid Fund charges 1.15% a year and Zerodha Life Cycle Fund 2036 1.02%.
Which has the lower expense ratio, ICICI Prudential Balanced Hybrid Fund or Zerodha Life Cycle Fund 2036?
Zerodha Life Cycle Fund 2036 charges less: 1.02% 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 Zerodha Life Cycle Fund 2036 overlap?
21.2%. They hold 23 of the same securities, the largest shared ones being Government Securities, AXISBANK, HDFCBANK. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Balanced Hybrid Fund and Zerodha Life Cycle Fund 2036?
Yes. 21.2% 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.