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ICICI Prudential Bluechip Fund and Aditya Birla Sun Life Frontline Equity Fund both the schemes are a part of large-cap category of equity fund. In simple terms, Large cap funds invest their money in shares of companies whose Market capitalization is more than INR 10,000 Crores. These companies have a good reputation in their field and are also known as bluechip companies. They are huge in terms of size, human Capital and market capitalization. Large-cap funds generally earn steady returns and profits as they invest in large businesses. These schemes are a good option for long-term investment. Though ICICI Prudential Bluechip Fund and Aditya Birla Sun Life Frontline Equity Fund belong to the same category yet; numerous differences exist between them. So, let us understand these differences through this article.
Aditya Birla Sun Life (ABSL) Frontline Equity Fund’s objective is to attain long-term capital appreciation. It tries to attain this objective by Investing the entire fund money in equity and equity-related instruments of various sectors that form part of its benchmark index. ABSL Frontline Equity Fund uses S&P BSE 200 index as its base to build its Portfolio. Some of the top constituents of this scheme as on March 31, 2018, include HDFC Bank Limited, ICICI Bank Limited, ITC Limited, and Infosys Limited. Some of the highlights of ABSL Frontline Equity Fund are an investment in promising companies across industries, disciplined method of investing across various sectors, and wealth creation through equity investments. Mr. Mahesh Patil is the sole fund manager managing ABSL Frontline Equity Fund.
ICICI Prudential Bluechip Fund (earlier known as ICICI Prudential Focused Bluechip Equity Fund) is a part of ICICI Prudential Mutual Fund and was launched on May 23, 2008. This scheme uses Nifty 50 as its benchmark index to construct its portfolio and is jointly managed by Mr. Sankaran Naren and Mr. Rajat Chandak. ICICI Prudential Bluechip Fund is suitable for individuals looking for long-term wealth creation by investing in an equity fund that predominantly invests in companies forming part of the large-cap category. As on March 31, 2018, some of the top constituents of this scheme of ICICI Prudential Mutual Fund are Maruti Suzuki India Limited, Larsen & Toubro Limited, ITC Limited, Power Grid Corporation of India Limited, and Infosys Limited. This scheme invests in companies that have a proven past performance record, capable of delivering consistent long-term returns, and strong fundamentals.
There are a number of differences that exist between both the schemes though they form part of the same category. So, let’s look at the differences between these schemes that are classified into four section, namely, basics section, performance section, yearly performance section, and other details section.
It is the first section in the comparison that includes comparable parameters such as Fincash Rating, scheme category, and current NAV. To begin with Fincash Rating, it can be said that both the schemes are rated as 4-Star schemes. Even the comparison of scheme category shows that both the schemes belong to the same category or Equity Large Cap. However, on account of NAV, both the schemes differ significantly. As on April 30, 2018, the NAV of ABSL Frontline Equity Fund was approximately INR 220 while of ICICI Prudential Bluechip Fund was around INR 40. The comparison of basics section is 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 ₹530.1 ↓ -0.31 (-0.06 %) ₹30,607 on 31 Aug 24 30 Aug 02 ☆☆☆☆ Equity Large Cap 14 Moderately High 1.67 2.48 0.19 0.29 Not Available 0-365 Days (1%),365 Days and above(NIL) ICICI Prudential Bluechip Fund
Growth
Fund Details ₹109.1 ↓ -0.12 (-0.11 %) ₹64,223 on 31 Aug 24 23 May 08 ☆☆☆☆ Equity Large Cap 21 Moderately High 1.69 3.09 1.26 6.99 Not Available 0-1 Years (1%),1 Years and above(NIL)
Being the second section, it compares the Compounded Annual Growth Rate or CAGR returns between both the schemes at different time intervals. The analysis of the performance section reveals that, in certain instances, ABSL’s scheme has done better while in others, ICICI Prudential’s scheme has performed well. The summary comparison of the performance section is tabulated 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 0.3% 4.3% 14.5% 34.7% 15.1% 19.8% 19.7% ICICI Prudential Bluechip Fund
Growth
Fund Details 0% 3% 11.9% 37.8% 18.4% 21.4% 15.7%
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This section analyzes the differences between the absolute returns generated by both the schemes for a particular year. The comparison of yearly performance section also reveals that for certain years, Aditya Birla Sun Life Frontline Equity Fund leads the race, while for other years, ICICI Prudential Bluechip Fund leads the race. The table given below shows the summary comparison of the yearly performance section.
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Being the last section in the comparison, it includes parameters such as AUM, minimum SIP investment, minimum lumpsum investment, and others. The comparison of SIP investment reveals that both the schemes have same investment amount, that is, INR 1,000. However, there is a difference in the minimum lumpsum investment of both the schemes. The minimum lumpsum investment for ABSL Mutual Fund’s scheme is INR 1,000 and for ICICI Prudential Mutual Fund is INR 5,000. Even the comparison of AUM, reveals a difference between both the schemes. The AUM of ABSL Frontline Equity Fund was around INR 19,373 Crores and for ICICI Prudential Bluechip Fund was nearly INR 16,102 Crores. The table given below summarizes the comparison of 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 - 18.8 Yr. ICICI Prudential Bluechip Fund
Growth
Fund Details ₹100 ₹5,000 Anish Tawakley - 5.99 Yr.
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹9,684 30 Sep 21 ₹15,528 30 Sep 22 ₹15,253 30 Sep 23 ₹17,841 30 Sep 24 ₹24,621 ICICI Prudential Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹9,650 30 Sep 21 ₹15,327 30 Sep 22 ₹15,476 30 Sep 23 ₹18,736 30 Sep 24 ₹26,528
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 3.32% Equity 96.48% Debt 0.2% Equity Sector Allocation
Sector Value Financial Services 31% Consumer Cyclical 13.54% Technology 9.73% Industrials 8.08% Consumer Defensive 7.73% Energy 6.7% Health Care 5.8% Basic Materials 5.25% Communication Services 4.75% Utility 2.93% Real Estate 1.31% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | 5001808% ₹2,298 Cr 14,040,623
↓ -99,417 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | 5321747% ₹2,271 Cr 18,478,292
↓ -300,000 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | 5002096% ₹1,980 Cr 10,184,923 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | 5003255% ₹1,629 Cr 5,393,755 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | 5005105% ₹1,407 Cr 3,798,215 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | 5324543% ₹1,050 Cr 6,610,389 NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 5325553% ₹894 Cr 21,468,779 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | 5322153% ₹886 Cr 7,538,312 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | M&M3% ₹871 Cr 3,103,365
↓ -88,993 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 08 | 5008753% ₹827 Cr 16,471,144 ICICI Prudential Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 9.88% Equity 90.12% Equity Sector Allocation
Sector Value Financial Services 24.05% Energy 10.97% Consumer Cyclical 10.35% Industrials 9.9% Technology 8.56% Basic Materials 6.96% Consumer Defensive 5.62% Health Care 5.42% Communication Services 3.98% Utility 3.1% Real Estate 1.2% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | 5321748% ₹4,981 Cr 40,518,440 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | 5003257% ₹4,377 Cr 14,495,800 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | 5005106% ₹3,943 Cr 10,644,617
↑ 205,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | 5001806% ₹3,714 Cr 22,692,095
↑ 2,813,861 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | 5002095% ₹3,260 Cr 16,770,859
↑ 238,610 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | 5325004% ₹2,766 Cr 2,229,726 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹2,628 Cr 22,358,608 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | 5324544% ₹2,557 Cr 16,091,238 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | ULTRACEMCO4% ₹2,401 Cr 2,124,133 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 15 | SUNPHARMA3% ₹1,833 Cr 10,062,064
Therefore, it can be concluded in a nutshell that there are a number of differences between both the schemes on the Basis of different parameters. Consequently, individuals should be careful while investing in any of the schemes. They should understand the functioning of the scheme completely and ensure whether the scheme matches their investment objectives or not. This will help them to attain their objectives on time and in a hassle-free manner.
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