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Fincash » ABSL Frontline Equity Vs ICICI Pru Bluechip Fund

Aditya Birla Sun Life Frontline Equity Fund Vs ICICI Prudential Bluechip Fund

Updated on September 18, 2020 , 1672 views

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 Frontline Equity Fund

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 (Erstwhile ICICI Prudential Focused Bluechip 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.

Aditya Birla Sun Life Frontline Equity Fund Vs ICICI Prudential Bluechip Fund

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.

Basics 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
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
₹219.28 ↑ 0.29   (0.13 %)
₹17,803 on 31 Aug 20
30 Aug 02
Equity
Large Cap
14
Moderately High
2.11
0.08
-1.41
-1.88
Not Available
0-365 Days (1%),365 Days and above(NIL)
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹42 ↑ 0.02   (0.05 %)
₹24,365 on 31 Aug 20
23 May 08
Equity
Large Cap
21
Moderately High
2.13
0.11
-0.47
-0.61
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
0.6%
13.7%
31%
4.1%
0.5%
6.6%
18.7%
ICICI Prudential Bluechip Fund
Growth
Fund Details
0.1%
12.3%
33.2%
4.8%
2.9%
8.1%
12.4%

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Yearly Performance Section

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.

<app-compare-funds fund1="Aditya Birla Sun Life Frontline Equity Fund" fund2="ICICI Prudential Bluechip Fund" sections="yperformance" head="false"

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
₹100
₹1,000
Mahesh Patil - 14.8 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹100
₹5,000
Rajat Chandak - 3.14 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 Aug 15₹10,000
31 Aug 16₹11,575
31 Aug 17₹13,310
31 Aug 18₹14,597
31 Aug 19₹13,430
31 Aug 20₹13,738
Growth of 10,000 investment over the years.
ICICI Prudential Bluechip Fund
Growth
Fund Details
DateValue
31 Aug 15₹10,000
31 Aug 16₹11,361
31 Aug 17₹13,263
31 Aug 18₹15,253
31 Aug 19₹14,195
31 Aug 20₹14,698

Detailed portfolio Comparison

Asset Allocation
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
Asset ClassValue
Cash1.52%
Equity98.48%
Equity Sector Allocation
SectorValue
Financial Services35.81%
Technology11.72%
Energy9.85%
Consumer Defensive9.38%
Health Care6.9%
Basic Materials6.7%
Consumer Cyclical5.91%
Communication Services5.5%
Industrials3.41%
Utility2.49%
Real Estate0.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹1,419 Cr35,952,082
↑ 3,968,080
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK
8%₹1,375 Cr12,326,010
Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY
7%₹1,276 Cr13,746,214
↓ -500,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE
7%₹1,259 Cr6,053,027
↓ -574,120
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
5%₹912 Cr17,776,529
↓ -66,385
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
4%₹651 Cr4,645,632
↓ -417,232
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 08 | HDFC
3%₹598 Cr3,265,673
↑ 643,039
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 15 | 500696
3%₹598 Cr2,822,953
↓ -7,362
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | 532215
3%₹590 Cr11,872,213
↑ 2,622,893
Cipla Ltd (Healthcare)
Equity, Since 30 Nov 19 | 500087
3%₹489 Cr6,850,950
↓ -371,462
Asset Allocation
ICICI Prudential Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash3.29%
Equity95.81%
Debt0.9%
Equity Sector Allocation
SectorValue
Financial Services29.88%
Technology12.85%
Energy11.18%
Consumer Defensive9.11%
Consumer Cyclical8.76%
Basic Materials7.58%
Communication Services5.97%
Utility4.24%
Industrials4.16%
Health Care3.08%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
8%₹2,022 Cr21,778,222
↓ -751,770
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
8%₹1,965 Cr17,607,089
↓ -1,022,758
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
7%₹1,717 Cr8,251,419
↓ -261,219
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK
6%₹1,571 Cr39,807,132
↑ 2,191,002
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
5%₹1,308 Cr25,494,296
↑ 780,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
4%₹1,092 Cr21,975,585
↑ 5,243,032
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFC
4%₹946 Cr5,159,682
↑ 1,515,129
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Dec 18 | 500696
3%₹725 Cr3,423,032
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 18 | 540719
3%₹724 Cr8,752,326
ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 08 | ITC
3%₹667 Cr34,919,484

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.

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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