Table of Contents
Aditya Birla Sun Life Frontline Equity Fund and DSP BlackRock Focus Fund both the scheme belong to the category of Equity Large cap funds. Large-cap funds are the Mutual Fund schemes that invest their fund money in shares of equity and equity-related securities of companies having a Market capitalization of more than INR 10,000 Crores. Large-cap companies are also known as bluechip companies and are considered to be the market leaders in their respective Industry. Large-cap funds post a steady growth and returns as they invest in big businesses. Even during economic recessions, the share prices of large-cap funds do fluctuate less. Though there are numerous schemes under one category of Mutual Fund yet they differ on account of numerous parameters. So, let us understand differences between Aditya Birla Sun Life Frontline Equity Fund and DSP BlackRock Focus Fund through this article.
Aditya Birla Sun Life (ABSL) Frontline Equity Fund is offered by ABSL Mutual Fund under the large-cap category. This scheme was launched in the year 2002. ABSL Frontline Equity Fund uses S&P BSE 200 Index as its base to build its basket of assets. Individuals seeking long-term Capital appreciation by having exposure in a Portfolio consisting of stocks forming part of S&P BSE 200 Index can choose to invest in this scheme. Some of the features of ABSL Frontline Equity Fund are investment in companies across various industries, maintaining a disciplined exposure across different sectors, and wealth creation with equity investments. The risk-appetite of Aditya Birla Sun Life Frontline Equity Fund is moderately high and is suitable for an investment horizon of 3-5 years. Mr. Mahesh Patil is the sole fund manager managing the ABSL Frontline Equity Fund.
This scheme of DSP BlackRock (DSPBR) Mutual Fund aims to invest in equity and equity-related instruments across companies thereby; generating a long-term capital growth. This scheme was incepted on June 10, 2010. DSP BlackRock Focus Fund uses S&P BSE 200 TRI Index as its benchmark to build its portfolio of assets. Based on the Asset Allocation objective of the scheme, it invests a minimum of 65% of its accumulated fund money in equity and equity-related instruments restricted up to 30 companies. As on March 31, 2018, the Top 5 constituents of DSP BlackRock Focus Fund consists of HDFC Bank Limited, Maruti Suzuki India Limited, Larsen & Toubro Limited, Reliance Industries Limited, and IndusInd Bank Limited. DSP BlackRock Focus Fund (earlier known as DSP BlackRock Focus 25 Fund) is jointly managed by Mr. Harrish Zaveri and Mr. Jay Kothari.
Though both ABSL Frontline Equity Fund and DSPBR Focus Fund belong to the same category of equity large-cap, there are numerous differences between them. So, let us understand the differences between these schemes based on numerous parameters that are classified into four sections, namely, basics section, performance section, yearly performance section, and other details section.
It is the first section in the comparison of both the schemes. The comparable parameters forming part of the basics section include scheme category, current NAV, and Fincash Rating. To begin with the scheme category, it can be said that both the schemes are part of Equity Large Cap category. The comparison of current NAV states that both the schemes differ considerably on account of NAV. As on April 30, 2018, the NAV of ABSL Frontline Equity Fund was around INR 220, while of DSPBR Focus Fund was approximately INR 22. With respect to the Fincash category, it can be said that ABSL Mutual Fund’s scheme is rated as a 4-Star scheme and DSPBR Mutual Fund’s scheme is rated as a 3-Star scheme. The comparison of basics section is tabulated as follows.
Parameters Basics NAV Net Assets (Cr) Launch Date Rating Category Sub Cat. Category Rank Risk Expense Ratio Sharpe Ratio Information Ratio Alpha Ratio Benchmark Exit Load Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details ₹368.34 ↑ 2.59 (0.71 %) ₹21,780 on 30 Apr 23 30 Aug 02 ☆☆☆☆ Equity Large Cap 14 Moderately High 1.76 0.06 0.06 1.73 Not Available 0-365 Days (1%),365 Days and above(NIL) DSP BlackRock Focus Fund
Growth
Fund Details ₹35.268 ↑ 0.22 (0.62 %) ₹1,764 on 30 Apr 23 10 Jun 10 ☆☆☆ Equity Focused 27 Moderately High 2.12 -0.15 -1.15 -1.96 Not Available 0-12 Months (1%),12 Months and above(NIL)
The differences in the CAGR or Compounded Annual Growth Rate returns at different time intervals is done in the performance section. These time intervals include 1 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. The comparison of the performance section states that there is not much difference in the returns earned by both the schemes. However, in most instances, the performance of ABSL Frontline Equity Fund has been better. The summary of the performance section is as follows.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details 5.1% 7% 2% 16.4% 23.9% 11.1% 19% DSP BlackRock Focus Fund
Growth
Fund Details 6.7% 8.5% 3.9% 16.4% 19.1% 9.3% 10.2%
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This is the third section in the comparison of both the schemes whose comparable elements include absolute returns generated by both the schemes for a particular year. The analysis of yearly performance section states that in certain years, ABSL Frontline Equity Fund leads the race and in others, DSPBR Focus Fund leads the race. The table given below states the summary comparison of the yearly performance section.
Parameters Yearly Performance 2022 2021 2020 2019 2018 Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details 3.5% 27.9% 14.2% 7.6% -2.9% DSP BlackRock Focus Fund
Growth
Fund Details -4.5% 22.3% 9% 18% -5.6%
Being the last section in the comparison, it includes parameters such as AUM, minimum SIP investment, and minimum lumpsum investment. The comparison of AUM shows a significant difference between both the schemes. As on March 31, 2018, the AUM of Aditya Birla Sun Life Frontline Equity Fund was approximately INR 19,373 Crores and of DSP BlackRock Focus Fund was around INR 2,830 Crores. The minimum SIP investment of both the schemes is different. For ABSL’s scheme, the SIP amount is INR 1,000 and of DSPBR’s scheme, it is INR 500. However, the lumpsum investment for both the schemes is same, that is, INR 1,000. The table given below summarizes the comparison of the other details section.
Parameters Other Details Min SIP Investment Min Investment Fund Manager Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details ₹100 ₹1,000 Mahesh Patil - 17.46 Yr. DSP BlackRock Focus Fund
Growth
Fund Details ₹500 ₹1,000 Vinit Sambre - 2.91 Yr.
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,578 31 May 20 ₹8,487 31 May 21 ₹13,751 31 May 22 ₹14,808 31 May 23 ₹16,691 DSP BlackRock Focus Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,565 31 May 20 ₹8,788 31 May 21 ₹13,840 31 May 22 ₹13,827 31 May 23 ₹15,312
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 2.02% Equity 97.98% Debt 0.01% Equity Sector Allocation
Sector Value Financial Services 36.96% Consumer Cyclical 11.2% Technology 9.56% Consumer Defensive 7.43% Energy 6.93% Industrials 6.92% Basic Materials 5.94% Health Care 5.22% Communication Services 4.06% Utility 1.7% Real Estate 1.68% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹1,990 Cr 21,689,918
↓ -150,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK8% ₹1,654 Cr 9,801,118 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY6% ₹1,320 Cr 10,538,042 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE6% ₹1,205 Cr 4,979,005 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT5% ₹1,085 Cr 4,590,672 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | AXISBANK4% ₹841 Cr 9,782,700
↓ -379,448 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 08 | HDFC3% ₹715 Cr 2,577,192 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL3% ₹711 Cr 8,895,251
↓ -300,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN3% ₹659 Cr 11,401,570 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Jan 08 | ITC3% ₹545 Cr 12,812,316 DSP BlackRock Focus Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 3.86% Equity 96.14% Equity Sector Allocation
Sector Value Financial Services 32.84% Consumer Cyclical 14.81% Health Care 12% Basic Materials 11.97% Industrials 8.69% Technology 7.15% Consumer Defensive 3.22% Real Estate 2.94% Utility 2.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK10% ₹177 Cr 1,932,707
↓ -107,333 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 22 | BAJFINANCE8% ₹137 Cr 217,494 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | EICHERMOT5% ₹89 Cr 271,082 Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 22 | ALKEM5% ₹89 Cr 252,806
↑ 101,724 Infosys Ltd (Technology)
Equity, Since 31 Oct 19 | INFY5% ₹88 Cr 702,091 Cipla Ltd Shs Dematerialised (Healthcare)
Equity, Since 30 Jun 20 | CIPLA4% ₹78 Cr 857,353 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Aug 21 | CHOLAFIN4% ₹74 Cr 843,995 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Sep 17 | SBILIFE4% ₹73 Cr 643,818
↑ 78,346 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 May 22 | HAL4% ₹67 Cr 230,436 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | AXISBANK4% ₹65 Cr 755,245
↑ 300,953
Therefore, from the above pointers, it can be concluded that both the schemes differ on account of numerous parameters. As a result, individuals should understand the parameters of the scheme completely before Investing in it. They should check whether the scheme suits their investment objective or not. This will help them to attain their objectives on time and in a hassle-free manner.
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