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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 May 18, 2024 , 4061 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
₹465.37 ↑ 3.61   (0.78 %)
₹27,192 on 30 Apr 24
30 Aug 02
Equity
Large Cap
14
Moderately High
1.73
2.27
0.1
2.49
Not Available
0-365 Days (1%),365 Days and above(NIL)
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹98 ↑ 0.35   (0.36 %)
₹54,904 on 30 Apr 24
23 May 08
Equity
Large Cap
21
Moderately High
1.69
2.99
1.17
9.77
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
3.4%
4.6%
17.5%
31%
17.5%
16.3%
19.3%
ICICI Prudential Bluechip Fund
Growth
Fund Details
3%
4.5%
21.3%
39.4%
21.3%
18.8%
15.3%

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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 - 18.38 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹100
₹5,000
Anish Tawakley - 5.58 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
30 Apr 19₹10,000
30 Apr 20₹8,313
30 Apr 21₹12,382
30 Apr 22₹14,559
30 Apr 23₹15,425
30 Apr 24₹20,411
Growth of 10,000 investment over the years.
ICICI Prudential Bluechip Fund
Growth
Fund Details
DateValue
30 Apr 19₹10,000
30 Apr 20₹8,505
30 Apr 21₹12,622
30 Apr 22₹15,108
30 Apr 23₹16,333
30 Apr 24₹22,955

Detailed portfolio Comparison

Asset Allocation
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
Asset ClassValue
Cash1.53%
Equity98.14%
Debt0.34%
Equity Sector Allocation
SectorValue
Financial Services30.57%
Consumer Cyclical14.55%
Industrials8.87%
Technology8.84%
Consumer Defensive7.57%
Energy7.09%
Health Care6.04%
Basic Materials5.44%
Communication Services4.17%
Utility3.13%
Real Estate1.87%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹2,222 Cr20,322,818
↓ -520,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK
8%₹2,132 Cr14,726,480
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE
6%₹1,603 Cr5,393,755
Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY
5%₹1,472 Cr9,825,674
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT
5%₹1,422 Cr3,777,376
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
3%₹889 Cr7,237,331
↓ -376,706
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | 532215
3%₹789 Cr7,538,312
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 19 | SUNPHARMA
3%₹731 Cr4,513,761
↓ -218,050
State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN
3%₹728 Cr9,680,311
↓ -400,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | M&M
3%₹718 Cr3,735,556
Asset Allocation
ICICI Prudential Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash8.65%
Equity91.35%
Equity Sector Allocation
SectorValue
Financial Services22.25%
Energy12.49%
Consumer Cyclical11.23%
Industrials10.23%
Technology8.2%
Basic Materials6.16%
Consumer Defensive6.09%
Health Care5.95%
Communication Services4.1%
Utility3.26%
Real Estate1.39%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK
8%₹4,430 Cr40,518,440
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
8%₹4,331 Cr14,574,648
↑ 275,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT
7%₹3,771 Cr10,017,834
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI
5%₹2,651 Cr2,103,659
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
5%₹2,519 Cr16,812,789
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
4%₹2,341 Cr22,358,608
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
4%₹2,131 Cr17,348,738
UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | ULTRACEMCO
4%₹2,035 Cr2,087,320
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
3%₹1,870 Cr12,918,438
↑ 2,370,490
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 15 | SUNPHARMA
3%₹1,437 Cr8,869,143

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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