The scheme seeks to build a balanced portfolio, which would provide a combination of high annual return and capital appreciation. The scheme was made open-ended from March 2000.
The scheme seeks to generate long-term capital appreciation and current income by investing in a portfolio that is investing in equities and related securities as well as fixed income and money market securities. The approximate allocation to equity would be in the range of 60-80 per cent with a minimum of 51 per cent, and the approximate debt allocation is 40-49 per cent, with a minimum of 20 per cent.
33.7% of the combined portfolio weight is common between Canara Robeco Equity Hybrid Fund Direct-Growth and ICICI Prudential Equity & Debt Fund Direct-Growth.
41 stocks appear in both portfolios.
The largest shared holding is HDFC Bank Ltd., at 5.04% of Canara Robeco Equity Hybrid Fund Direct-Growth and 6.79% of ICICI Prudential Equity & Debt Fund Direct-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
HDFC Bank Ltd.ICICI Bank Ltd.Reliance Industries Ltd.Axis Bank Ltd.Sun Pharmaceutical Industries Ltd.NTPC Ltd.Bharti Airtel Ltd.Larsen & Toubro Ltd.
ICICI Prudential Equity & Debt Fund Direct-Growth has delivered the higher 3-year CAGR (15.43% vs 12.54%). Canara Robeco Equity Hybrid Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.62% against 1.04%. ICICI Prudential Equity & Debt Fund Direct-Growth manages the larger corpus at ₹51.48k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, ICICI Prudential Equity & Debt Fund Direct-Growth returned 6.25% against 5.87% for Canara Robeco Equity Hybrid Fund Direct-Growth; and over 3 years, ICICI Prudential Equity & Debt Fund Direct-Growth leads with a 15.43% CAGR versus 12.54%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Canara Robeco Equity Hybrid Fund Direct-Growth has the lower expense ratio at 0.62%, compared with 1.04% for ICICI Prudential Equity & Debt Fund Direct-Growth — a difference of 0.42% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Canara Robeco Equity Hybrid Fund Direct-Growth and ICICI Prudential Equity & Debt Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 33.7%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Hybrid: Aggressive Hybrid funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Canara Robeco Equity Hybrid Fund Direct-Growth has a NAV of ₹428.01 and an AUM of ₹11.14k Cr, and was launched on 31 Dec 2012. ICICI Prudential Equity & Debt Fund Direct-Growth has a NAV of ₹458.73 and an AUM of ₹51.48k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
