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 ₹406.87 ↑ 2.90 (0.72 %) ₹23,003 on 31 Oct 23 30 Aug 02 ☆☆☆☆ Equity Large Cap 14 Moderately High 1.73 0.22 0.53 2.96 Not Available 0-365 Days (1%),365 Days and above(NIL) DSP BlackRock Focus Fund
Growth
Fund Details ₹42.037 ↑ 0.46 (1.12 %) ₹1,914 on 31 Oct 23 10 Jun 10 ☆☆☆ Equity Focused 27 Moderately High 2.15 0.29 -0.75 0.41 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 6.8% 4.4% 12.5% 11.5% 17.7% 13.6% 19% DSP BlackRock Focus Fund
Growth
Fund Details 11.5% 8.6% 21.8% 22.1% 16.5% 13.9% 11.2%
Talk to our investment specialist
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 - 17.97 Yr. DSP BlackRock Focus Fund
Growth
Fund Details ₹500 ₹1,000 Vinit Sambre - 3.42 Yr.
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,794 30 Nov 20 ₹11,472 30 Nov 21 ₹15,528 30 Nov 22 ₹16,928 30 Nov 23 ₹18,803 DSP BlackRock Focus Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹11,623 30 Nov 20 ₹12,008 30 Nov 21 ₹15,437 30 Nov 22 ₹15,706 30 Nov 23 ₹18,997
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.55% Equity 95.23% Debt 0.22% Equity Sector Allocation
Sector Value Financial Services 34.72% Consumer Cyclical 11.83% Technology 9.26% Industrials 7.46% Consumer Defensive 7.24% Energy 5.92% Basic Materials 5.6% Health Care 5.4% Communication Services 3.96% Utility 2.09% Real Estate 1.75% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK10% ₹2,269 Cr 15,369,567
↓ -573,357 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹1,940 Cr 21,189,918 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY6% ₹1,308 Cr 9,561,508 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE5% ₹1,188 Cr 5,193,755 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT5% ₹1,065 Cr 3,636,371 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL3% ₹763 Cr 8,342,637 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | 5322153% ₹745 Cr 7,587,759 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN3% ₹611 Cr 10,801,570 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 08 | ITC2% ₹549 Cr 12,812,316 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | M&M2% ₹545 Cr 3,735,556 DSP BlackRock Focus Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.54% Equity 99.46% Equity Sector Allocation
Sector Value Financial Services 38.76% Consumer Cyclical 12.49% Health Care 11.5% Basic Materials 11.12% Technology 9.33% Industrials 6.79% Consumer Defensive 4.04% Real Estate 3.41% Utility 2.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 22 | 5000347% ₹143 Cr 190,845 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK5% ₹103 Cr 1,129,618 Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 21 | 5244945% ₹88 Cr 890,473 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK4% ₹84 Cr 571,005 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Jun 22 | TATAMOTORS4% ₹78 Cr 1,239,019 Emami Ltd (Consumer Defensive)
Equity, Since 31 Jan 20 | 5311624% ₹77 Cr 1,515,715 Infosys Ltd (Technology)
Equity, Since 31 Oct 19 | INFY4% ₹76 Cr 552,656 Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 22 | ALKEM4% ₹74 Cr 198,150 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | 5322154% ₹71 Cr 721,334 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 5004934% ₹67 Cr 661,396
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.
You Might Also Like
Axis Focused 25 Fund Vs Aditya Birla Sun Life Focused Equity Fund
Aditya Birla Sun Life Frontline Equity Fund Vs Mirae Asset India Equity Fund
SBI Magnum Multicap Fund Vs Aditya Birla Sun Life Focused Equity Fund
Aditya Birla Sun Life Frontline Equity Fund Vs SBI Blue Chip Fund
Aditya Birla Sun Life Frontline Equity Fund Vs ICICI Prudential Bluechip Fund
Aditya Birla Sun Life Frontline Equity Fund Vs Nippon India Large Cap Fund
DSP Blackrock Tax Saver Fund Vs Aditya Birla Sun Life Tax Relief ‘96