COMPARE
HSBC Balanced Advantage Fund - Direct Growth vs ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth
HSBC Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund are both in the Dynamic Asset Allocation or Balanced Advantage category, from HSBC Asset Management (India) Private Ltd. and ICICI Prudential Asset Management Company Limited respectively. ICICI Prudential Balanced Advantage Fund has posted a higher 3-year rolling CAGR. ICICI Prudential Balanced Advantage Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
ICICI Prudential Balanced Advantage Fund has the lower direct-plan expense ratio, by 0.12 percentage points.
| HSBC Balanced Advantage Fund - Direct Growth | ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Dynamic Asset Allocation or Balanced Advantage | Dynamic Asset Allocation or Balanced Advantage |
| AMC | HSBC Asset Management (India) Private Ltd. | ICICI Prudential Asset Management Company Limited |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | CRISIL Hybrid 50+50 - Moderate Index |
| NAV | ₹50.3368 (2026-10-28) | ₹85.23 (2026-10-28) |
| AUM | ₹1,436.349 Cr | ₹71,029.914 Cr |
| Expense Ratio (Direct) | 1.16% | 1.04% |
| Inception | 2011-01-17 | 2006-11-08 |
Returns
ICICI Prudential Balanced Advantage Fund leads on 3-year rolling CAGR (12.8% vs HSBC Balanced Advantage Fund's 11.5%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ICICI Prudential Balanced Advantage Fund has been the more volatile of the two by standard deviation.
| HSBC Balanced Advantage Fund - Direct Growth | ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.15 | 0.33 |
| 3Y Alpha | -1.3628% | -0.313% |
| 3Y Std Deviation | 7.2409% | 7.3035% |
| 3Y Calmar Ratio | 0.94 | 1.15 |
Portfolio Analytics
ICICI Prudential Balanced Advantage Fund carries the higher portfolio YTM.
Punji Fund Health Score
ICICI Prudential Balanced Advantage Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, HSBC Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund's 3-year rolling CAGR of 12.8% is higher than HSBC Balanced Advantage Fund's 11.5%. ICICI Prudential Balanced Advantage Fund sits in the 69th percentile of its category on this metric, versus the 28th percentile for HSBC Balanced Advantage Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, HSBC Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund's direct-plan expense ratio is 0.12 percentage points lower than HSBC Balanced Advantage Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, HSBC Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), ICICI Prudential Balanced Advantage Fund has been more volatile than HSBC Balanced Advantage Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.15 for HSBC Balanced Advantage Fund vs 0.33 for ICICI Prudential Balanced Advantage Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, HSBC Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund has ₹71,030 Cr in assets under management, versus ₹1,436 Cr for HSBC Balanced Advantage Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), HSBC Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund's portfolio YTM (7.8827%) is higher than HSBC Balanced Advantage Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which fund has a longer track record, HSBC Balanced Advantage Fund or ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund launched on 2006-11-08, making it older than HSBC Balanced Advantage Fund (launched 2011-01-17). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.