ICICI Prudential Balanced Advantage Fund vs SBI 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
19.98%
Dekho, today we're comparing two popular funds, ICICI Prudential Balanced Advantage Fund and SBI ELSS Tax Saver Fund. Both funds cater to different investor goals and risk appetites. In this article, we'll help you understand which fund is more suitable for long-term wealth creation, taking into account their categories, returns, risk profiles, and portfolio diversification.
| Parameter | AICICI Prudential Balanced Advantage Fund - Direct Plan - Growth | BSBI ELSS Tax Saver Fund - Direct Plan - Growth |
|---|---|---|
| Fund House | ICICI Prudential | SBI Mutual Fund |
| Category | Hybrid | ELSS |
| NAV (₹) | 84.60 | 462.73 |
| AUM (₹ Cr) | 7.06 Lac Cr | 3.11 Lac Cr |
| Expense Ratio (%) | 1% | 0.93% |
| Riskometer | Moderately High | Very High |
| Volatility | 9.34 | 15.53 |
| Sharpe Ratio | 0.61 | 0.87 |
| 1 Year Return (%) | 4.35% | -1.1% |
| 3 Year Return (%) | 12.2% | 19.98% |
| 5 Year Return (%) | 11.25% | 17.91% |
| Since Launch (%) | 12.54% | 15.42% |
| Min SIP (₹) | 500 | 500 |
| Min Lumpsum (₹) | 1000 | 1000 |
| Launch Date | 2 January 2013 | 2 January 2013 |
| Exit Load | Nil | Nil |
| Fund Manager | Akhil Kakkar; Ihab Dalwai; Manish Banthia; Rajat Chandak; Sharmila D'Silva; Sri Sharma (13.4 years yrs) | Milind Agrawal (0.4 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%) | ICICI Bank Ltd. (8.95%), Reliance Industries Ltd. (5.19%), Kotak Mahindra Bank Ltd. (4.9%) |
| 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: 96.05% | T-Bills: 0.12% |
| Portfolio Turnover | 451% | 37% |
🤖 AI Verdict – Which is Better?
Chaliye, let's look at the numbers. For long-term wealth creation, Fund A (ICICI Prudential Balanced Advantage Fund) has a 3Y return of 12.2% compared to Fund B's (SBI ELSS Tax Saver Fund) 19.98% return. However, Fund B comes with a higher risk profile, as indicated by its Riskometer and volatility. Considering the expense ratio, Fund A is more cost-effective with a 1% expense ratio compared to Fund B's 0.93%. Haan, our verdict is that Fund A is a better choice for long-term wealth creation due to its stable returns, lower risk, and lower expense ratio.
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 SBI ELSS Tax Saver Fund?
- Expense ratio: 0.93%
- 3Y return: 19.98%
- AUM: 3.11 Lac Cr
- Sharpe Ratio: 0.87
📈 SIP Suitability
Yeh dono funds SIP ke liye aapke liye acchi hai, lekin Fund A aapke liye aasani se invest karne ke liye accha hai. Yeh fund 5Y return 11.25% hai, jo kafi stable hai. Lekin, Fund B ka 5Y return 17.91% hai, jo Fund A se adhik hai. lekin, yeh fund riskometer ke hisab se very high risk vala hai, aur volatility 15.53 hai, jo Fund A se adhik hai.
⚠️ Risk & Cost Analysis
Yeh dono funds me, Fund B ka riskometer very high hai, aur volatility 15.53 hai, jo Fund A se adhik hai. Lekin, Sharpe ratio Fund B ka 0.87 hai, jo Fund A ke 0.61 se adhik hai. Lekin, expense ratio Fund B ka 0.93% hai, jo Fund A ke 1% se kam hai.
📊 Portfolio Diversification
Chaliye, let's compare the asset allocation of both funds. Fund A has a diversified portfolio with a 68.12% equity exposure, while Fund B is heavily invested in equities with a 96.05% allocation. Fund A also has a more diversified asset allocation with a larger number of holdings, whereas Fund B has a concentrated portfolio with top 3 holdings accounting for 23.04% of the portfolio. Dekho, Fund A is more diversified and offers better portfolio protection.
SIP Calculator – Compare Growth Potential
ICICI Prudential Balanced Advantage Fund
₹1175628.80
@12.2% annual return (3Y)
SBI ELSS Tax Saver Fund
₹1909339.14
@20.0% 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?
Answer based on 5Y/3Y returns. Fund A (ICICI Prudential Balanced Advantage Fund) has a 5Y return of 11.25% and a 3Y return of 12.2%, while Fund B (SBI ELSS Tax Saver Fund) has a 5Y return of 17.91% and a 3Y return of 19.98%. Fund B gives better returns in the long run.
Q2: Is the higher risk fund worth it?
Answer comparing volatility and Sharpe ratio. Fund B (SBI ELSS Tax Saver Fund) has a higher volatility of 15.53 and a Sharpe ratio of 0.87, while Fund A (ICICI Prudential Balanced Advantage Fund) has a volatility of 9.34 and a Sharpe ratio of 0.61. Fund B's higher risk may not be worth it due to its lower Sharpe ratio.
Q3: Which fund is more cost-effective?
Answer comparing expense ratio and exit load (if provided). Fund A (ICICI Prudential Balanced Advantage Fund) has a lower expense ratio of 1% compared to Fund B's (SBI ELSS Tax Saver Fund) 0.93% expense ratio. Haan, Fund A is more cost-effective.
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