ICICI Prudential Balanced Advantage Fund vs Mirae Asset ELSS Tax Saver Fund
Side-by-side comparison of returns, risk, expenses, holdings and performance. AI-powered insights included.
3Y Return
12.2%
3Y Return
14.73%
Today, we're comparing two popular funds in India - ICICI Prudential Balanced Advantage Fund and Mirae Asset ELSS Tax Saver Fund. If you're an investor looking to grow your wealth, you'll want to know which fund is best for you. Dekho, let's dive in and see which fund comes out on top!
| Parameter | AICICI Prudential Balanced Advantage Fund - Direct Plan - Growth | BMirae Asset ELSS Tax Saver Fund - Regular Plan - Growth |
|---|---|---|
| Fund House | ICICI Prudential | Mirae Asset |
| Category | Hybrid | ELSS |
| NAV (₹) | 84.60 | 48.73 |
| AUM (₹ Cr) | 7.06 Lac Cr | 2.53 Lac Cr |
| Expense Ratio (%) | 1% | 1.62% |
| Riskometer | Moderately High | Very High |
| Volatility | 9.34 | 13.85 |
| Sharpe Ratio | 0.61 | 0.59 |
| 1 Year Return (%) | 4.35% | 2.19% |
| 3 Year Return (%) | 12.2% | 14.73% |
| 5 Year Return (%) | 11.25% | 12.52% |
| Since Launch (%) | 12.54% | 16.42% |
| Min SIP (₹) | 500 | 500 |
| Min Lumpsum (₹) | 1000 | 1000 |
| Launch Date | 2 January 2013 | 29 December 2015 |
| Exit Load | Nil | Nil |
| Fund Manager | Akhil Kakkar; Ihab Dalwai; Manish Banthia; Rajat Chandak; Sharmila D'Silva; Sri Sharma (13.4 years yrs) | Neelesh Surana (10.5 years yrs) |
| Benchmark | Nifty 50 Hybrid Composite Debt 65:35 Index | Nifty 500 TRI |
| Top 3 Holdings | TVS Motor Company Ltd. (5.25%), ICICI Bank Ltd. (3.97%), HDFC Bank Ltd. (3.65%) | HDFC Bank Ltd. (9.53%), ICICI Bank Ltd. (4.84%), Reliance Industries Ltd. (4.19%) |
| Asset Allocation | 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% | Equity: 99.11% | Mutual Fund: 0.0% |
| Portfolio Turnover | 451% | 69% |
🤖 AI Verdict – Which is Better?
Hum aapko batana chahenge ki in donon fundon ke beech, jo fund long-term wealth creation ke liye achha hai. Sach ye hai, Fund A ki 3Y return 12.2% hai, lekin expense ratio 1% hai. Fund B ki 3Y return 14.73% hai, lekin expense ratio 1.62% hai. Riskometer ke hisab se bhi, Fund B Very High risk hai, jabki Fund A Moderately High hai. Haan, Fund B ki 5Y return bhi 12.52% hai. Toh, hum aapko Fund B ko better option kahaenge.
Why consider ICICI Prudential Balanced Advantage Fund?
- Expense ratio: 1%
- 3Y return: 12.2%
- AUM: 7.06 Lac Cr
- Sharpe Ratio: 0.61
Why consider Mirae Asset ELSS Tax Saver Fund?
- Expense ratio: 1.62%
- 3Y return: 14.73%
- AUM: 2.53 Lac Cr
- Sharpe Ratio: 0.59
📈 SIP Suitability
Lekin, if you're investing through SIP, we recommend Fund A for its consistent returns and stability. Dekho, its 3Y return is significantly higher than Fund B's 3Y return, ensuring you grow your wealth steadily over time. Haan, this fund is perfect for those who want to invest their money for 10+ years!
⚠️ Risk & Cost Analysis
Sach ye hai, we need to compare riskometer, volatility, Sharpe ratio, and expense ratio to determine which fund offers better risk-adjusted returns. Fund A has a lower riskometer (Moderately High) and lower volatility (9.34) compared to Fund B (Very High and 13.85). Plus, its Sharpe ratio is higher (0.61 vs 0.59). Chaliye, this fund is the clear winner in terms of risk-adjusted returns!
📊 Portfolio Diversification
Asset allocation aur top holdings concentration ke hisab se hum aapko batayenge ki kis fund mein aapko invest karna chahiye. Fund A ki asset allocation equity 68.12% hai, jabki debt 31.88% hai. Fund B ki asset allocation bhi 99.11% equity hai, jo ek saavdhaan fund hai. Top holdings concentration ke hisab se bhi, Fund A ki concentration low hai, jabki Fund B ki high hai. Haan, Fund A ki sector risk bhi low hai, jabki Fund B ki high hai. Toh, hum aapko Fund A ko aapke portfolio mein aapke capital ko diversify karne ke liye better option kahaenge.
SIP Calculator – Compare Growth Potential
ICICI Prudential Balanced Advantage Fund
₹1175628.80
@12.2% annual return (3Y)
Mirae Asset ELSS Tax Saver Fund
₹1370327.40
@14.7% 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?
Sach ye hai, based on 5Y/3Y returns, Fund A gives better returns in the long run with 11.25% and 12.2% respectively.
Q2: Is the higher risk fund worth it?
Lekin, based on volatility and Sharpe ratio, Fund B is not worth the higher risk. Its volatility is higher (13.85) and Sharpe ratio is lower (0.59) compared to Fund A.
Q3: Which fund is more cost-effective?
Sach ye hai, Fund A is more cost-effective with a lower expense ratio of 1% compared to Fund B's 1.62%.
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