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.
The scheme seeks to provide investors long-term capital appreciation along with the liquidity of an open-ended scheme by investing in a mix of debt and equity. The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in fixed income securities.
23.8% of the combined portfolio weight is common between ICICI Prudential Equity & Debt Fund Direct-Growth and SBI Equity Hybrid Fund Direct Plan-Growth.
26 stocks appear in both portfolios.
The largest shared holding is HDFC Bank Ltd., at 6.79% of ICICI Prudential Equity & Debt Fund Direct-Growth and 2.52% of SBI Equity Hybrid Fund Direct Plan-Growth.
The two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure.
Largest common holdings
HDFC Bank Ltd.ICICI Bank Ltd.Reliance Industries Ltd.State Bank of IndiaInterglobe Aviation Ltd.Bharti Airtel Ltd.Avenue Supermarts Ltd.Kotak Mahindra Bank Ltd.
ICICI Prudential Equity & Debt Fund Direct-Growth has delivered the higher 3-year CAGR (15.43% vs 13.79%). SBI Equity Hybrid Fund Direct Plan-Growth is the cheaper of the two with an expense ratio of 0.71% against 1.04%. SBI Equity Hybrid Fund Direct Plan-Growth manages the larger corpus at ₹85.63k 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, SBI Equity Hybrid Fund Direct Plan-Growth returned 7.66% against 6.25% for ICICI Prudential Equity & Debt Fund Direct-Growth; and over 3 years, ICICI Prudential Equity & Debt Fund Direct-Growth leads with a 15.43% CAGR versus 13.79%. 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.
SBI Equity Hybrid Fund Direct Plan-Growth has the lower expense ratio at 0.71%, compared with 1.04% for ICICI Prudential Equity & Debt Fund Direct-Growth — a difference of 0.33% 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 ICICI Prudential Equity & Debt Fund Direct-Growth and SBI Equity Hybrid Fund Direct Plan-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 23.8%, which is considered low. At this level the two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure. 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.
ICICI Prudential Equity & Debt Fund Direct-Growth has a NAV of ₹458.73 and an AUM of ₹51.48k Cr, and was launched on 31 Dec 2012. SBI Equity Hybrid Fund Direct Plan-Growth has a NAV of ₹356.36 and an AUM of ₹85.63k 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.
