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Fincash » ABSL Frontline Equity Vs DSPBR Focus Fund

Aditya Birla Sun Life Frontline Equity Fund Vs DSP BlackRock Focus Fund

Updated on November 17, 2019 , 140 views

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 Frontline Equity Fund

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.

DSP BlackRock Focus Fund (Erstwhile DSP BlackRock Focus 25 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.

Aditya Birla Sun Life Frontline Equity Fund Vs DSP BlackRock Focus Fund

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.

Basics 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
BasicsNAV
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
₹229.95 ↑ 0.80   (0.35 %)
₹21,211 on 31 Oct 19
30 Aug 02
Equity
Large Cap
14
Moderately High
2.11
0.57
-1.38
-4.95
Not Available
0-365 Days (1%),365 Days and above(NIL)
DSP BlackRock Focus Fund
Growth
Fund Details
₹25.133 ↑ 0.03   (0.10 %)
₹1,994 on 31 Oct 19
10 Jun 10
Equity
Focused
27
Moderately High
2.17
1.08
-0.61
4.22
Not Available
0-12 Months (1%),12 Months and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
3.1%
7.8%
5.1%
7.9%
10.7%
8%
20%
DSP BlackRock Focus Fund
Growth
Fund Details
3.6%
13.4%
11.6%
16.4%
11.5%
9%
10.3%

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Yearly Performance Section

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 Performance2018
2017
2016
2015
2014
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
-2.9%
30.6%
7.4%
1.1%
44.7%
DSP BlackRock Focus Fund
Growth
Fund Details
-5.6%
29.2%
6.1%
2%
49.9%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
₹100
₹1,000
Mahesh Patil - 13.88 Yr.
DSP BlackRock Focus Fund
Growth
Fund Details
₹500
₹1,000
Gopal Agrawal - 0.66 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,534
31 Oct 16₹12,027
31 Oct 17₹14,262
31 Oct 18₹13,605
31 Oct 19₹14,958
Growth of 10,000 investment over the years.
DSP BlackRock Focus Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,950
31 Oct 16₹12,399
31 Oct 17₹14,210
31 Oct 18₹12,963
31 Oct 19₹15,714

Detailed Assets & Holdings Comparison

Asset Allocation
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
Asset ClassValue
Cash2.92%
Equity97.04%
Debt0.04%
Equity Sector Allocation
SectorValue
Financial Services41.84%
Technology10.18%
Energy9.26%
Consumer Defensive8.4%
Consumer Cyclical6.83%
Basic Materials6.28%
Industrials6.26%
Health Care4.72%
Utility2.35%
Communication Services1.52%
Real Estate0.46%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK
10%₹2,129 Cr17,348,450
↓ -404,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹1,747 Cr40,279,640
↓ -734,000
Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY
6%₹1,218 Cr15,121,074
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE
5%₹1,007 Cr7,560,866
↓ -97,024
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT
4%₹901 Cr6,112,365
↑ 447,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 08 | ITC
4%₹794 Cr30,568,069
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 08 | HDFC
4%₹792 Cr4,004,964
State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN
3%₹697 Cr25,740,434
↓ -1,168,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | 532215
3%₹539 Cr7,873,119
↑ 1,608,807
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 12 | HCLTECH
2%₹485 Cr4,488,996
Asset Allocation
DSP BlackRock Focus Fund
Growth
Fund Details
Asset ClassValue
Cash3.64%
Equity96.36%
Equity Sector Allocation
SectorValue
Financial Services45.86%
Basic Materials13.21%
Industrials9.4%
Technology7.77%
Energy7.28%
Consumer Cyclical6.2%
Consumer Defensive3.99%
Health Care3.5%
Utility0.86%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 14 | HDFCBANK
14%₹262 Cr2,133,378
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
10%₹183 Cr4,230,390
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
7%₹140 Cr345,564
↓ -35,717
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 17 | RELIANCE
7%₹134 Cr1,006,181
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 17 | LT
6%₹123 Cr835,005
ITC Ltd (Consumer Defensive)
Equity, Since 31 May 16 | ITC
4%₹80 Cr3,085,132
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
4%₹77 Cr
Whirlpool of India Ltd (Technology)
Equity, Since 31 Oct 16 | 500238
4%₹74 Cr393,321
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 17 | 506395
4%₹73 Cr1,752,923
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | MARUTI
4%₹71 Cr106,073
↓ -18,378

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.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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