HDFC Mid Cap Fund vs ICICI Prudential Balanced Advantage Fund
Side-by-side comparison of returns, risk, expenses, holdings and performance. AI-powered insights included.
3Y Return
22.29%
3Y Return
12.2%
Today, we are comparing two distinct investment options: HDFC Mid Cap Fund - Direct Plan - Growth (Fund A) and ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth (Fund B). Fund A is a mid-cap fund, while Fund B is a hybrid fund, offering a blended portfolio of equity and debt instruments. Dekho, let's dive into the details of these funds and explore which one is more suitable for your long-term wealth creation goals.
| Parameter | AHDFC Mid Cap Fund - Direct Plan - Growth | BICICI Prudential Balanced Advantage Fund - Direct Plan - Growth |
|---|---|---|
| Fund House | HDFC Mutual Fund | ICICI Prudential |
| Category | Mid Cap | Hybrid |
| NAV (₹) | 220.36 | 84.60 |
| AUM (₹ Cr) | 9.47 Lac Cr | 7.06 Lac Cr |
| Expense Ratio (%) | 0.73% | 1% |
| Riskometer | Very High | Moderately High |
| Volatility | 17.17 | 9.34 |
| Sharpe Ratio | 0.92 | 0.61 |
| 1 Year Return (%) | 5.95% | 4.35% |
| 3 Year Return (%) | 22.29% | 12.2% |
| 5 Year Return (%) | 20.24% | 11.25% |
| Since Launch (%) | 17.1% | 12.54% |
| Min SIP (₹) | 500 | 500 |
| Min Lumpsum (₹) | 1000 | 1000 |
| Launch Date | 5 July 2007 | 2 January 2013 |
| Exit Load | Nil | Nil |
| Fund Manager | Chirag Setalvad; Dhruv Muchhal (13.4 years yrs) | Akhil Kakkar; Ihab Dalwai; Manish Banthia; Rajat Chandak; Sharmila D'Silva; Sri Sharma (13.4 years yrs) |
| Benchmark | Nifty Midcap 150 TRI | Nifty 50 Hybrid Composite Debt 65:35 Index |
| Top 3 Holdings | Max Financial Services Ltd. (4.37%), AU Small Finance Bank Ltd. (4.24%), The Federal Bank Ltd. (3.87%) | TVS Motor Company Ltd. (5.25%), ICICI Bank Ltd. (3.97%), HDFC Bank Ltd. (3.65%) |
| Asset Allocation | Equity: 93.46% | Equity: 68.12% | CD: 4.05% | REITs: 3.85% | SDL: 3.68% | GOI Sec: 3.07% | Debenture: 2.37% | T-Bills: 2.0% | NCD: 1.59% | Sec. Debt: 0.91% | Debt: 0.49% | InvITs: 0.32% | CP: 0.28% | ZCB: 0.23% | GOI FRB: 0.1% | Pref. Shares: 0.1% | ID: -0.59% | Futures: -3.84% |
| Portfolio Turnover | 13% | 451% |
🤖 AI Verdict – Which is Better?
After analyzing the 3-year returns, expense ratio, and riskometer, we believe HDFC Mid Cap Fund - Direct Plan - Growth (Fund A) is the better option for long-term wealth creation. Fund A has delivered a 3-year return of 22.29%, compared to Fund B's 12.2%. Lekin, Fund B's expense ratio is 1%, which is higher than Fund A's 0.73%. Fund A's Very High riskometer is a concern, but its 3-year return suggests that it has provided investors with higher returns, making it a better choice for those seeking long-term wealth creation.
Why consider HDFC Mid Cap Fund?
- Expense ratio: 0.73%
- 3Y return: 22.29%
- AUM: 9.47 Lac Cr
- Sharpe Ratio: 0.92
Why consider ICICI Prudential Balanced Advantage Fund?
- Expense ratio: 1%
- 3Y return: 12.2%
- AUM: 7.06 Lac Cr
- Sharpe Ratio: 0.61
📈 SIP Suitability
For a monthly SIP of 10+ years, we recommend HDFC Mid Cap Fund - Direct Plan - Growth (Fund A) due to its consistency and return stability. Chaliye, let's look at the 1-year returns - Fund A has delivered a 5.95% return, while Fund B has returned 4.35%. Fund A's Sharpe ratio of 0.92 indicates that it has provided higher returns relative to its risk. This makes it a more suitable option for a long-term SIP investment.
⚠️ Risk & Cost Analysis
When it comes to risk and cost analysis, we must consider the riskometer, volatility, Sharpe ratio, and expense ratio. Fund A's riskometer is Very High, while Fund B's is Moderately High. However, Fund A's Sharpe ratio of 0.92 is higher than Fund B's 0.61, indicating that it has provided better risk-adjusted returns. Fund A's expense ratio of 0.73% is lower than Fund B's 1%. Haan, Fund A's higher Sharpe ratio and lower expense ratio make it the better option for risk-averse investors seeking higher returns.
📊 Portfolio Diversification
Let's analyze the asset allocation and top holdings concentration of both funds. Fund B has a more diversified portfolio, with a mix of equity, debt, and other assets. Its asset allocation is 68.12% equity, 4.05% CD, and 3.85% REITs, among others. Fund A, on the other hand, has a higher equity allocation of 93.46%. Its top holdings are Max Financial Services Ltd., AU Small Finance Bank Ltd., and The Federal Bank Ltd. Fund B's more diversified portfolio reduces sector risk, making it a more suitable option for investors seeking a balanced portfolio.
SIP Calculator – Compare Growth Potential
HDFC Mid Cap Fund
₹2221540.12
@22.3% annual return (3Y)
ICICI Prudential Balanced Advantage Fund
₹1175628.80
@12.2% annual return (3Y)
*Projected returns are illustrative based on historical 3‑year returns. Past performance does not guarantee future returns.
❓ Frequently Asked Questions (Comparison)
Q1: Which fund gives better returns in the long run?
HDFC Mid Cap Fund - Direct Plan - Growth (Fund A) has delivered a 5-year return of 20.24%, compared to ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth (Fund B) 11.25%. Fund A's higher 5-year return makes it a better option for long-term wealth creation.
Q2: Is the higher risk fund worth it?
While HDFC Mid Cap Fund - Direct Plan - Growth (Fund A) has a higher riskometer, its Sharpe ratio of 0.92 is higher than ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth (Fund B) 0.61. This indicates that Fund A has provided better risk-adjusted returns, making it a more suitable option for risk-averse investors.
Q3: Which fund is more cost-effective?
HDFC Mid Cap Fund - Direct Plan - Growth (Fund A) has a lower expense ratio of 0.73% compared to ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth (Fund B) 1%. This makes Fund A a more cost-effective option for investors seeking lower costs.
Mahendra Maurya
6+ Years in Banking, Wealth Management & Financial ServicesFounder & Author of ShareTargetPrice.in. 6+ years in Banking, Wealth Management & Financial Services.
📊 Author & Founder at Share Target Price