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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 November 15, 2019 , 975 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
₹228.96 ↑ 0.75   (0.33 %)
₹20,692 on 30 Sep 19
30 Aug 02
Equity
Large Cap
14
Moderately High
2.11
0.1
-1.22
-1.83
Not Available
0-365 Days (1%),365 Days and above(NIL)
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹43.46 ↑ 0.08   (0.18 %)
₹23,019 on 30 Sep 19
23 May 08
Equity
Large Cap
21
Moderately High
2.3
0.13
-0.35
-0.89
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
4.9%
7.8%
6.7%
8.5%
10.5%
8%
20%
ICICI Prudential Bluechip Fund
Growth
Fund Details
3.2%
7.9%
6.8%
9%
12.4%
8.8%
13.7%

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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 - 13.88 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹100
₹5,000
Rajat Chandak - 1.63 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.
ICICI Prudential Bluechip Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,145
31 Oct 16₹11,390
31 Oct 17₹14,008
31 Oct 18₹13,860
31 Oct 19₹15,321

Detailed portfolio 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
ICICI Prudential Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash5.96%
Equity93.93%
Debt0.01%
Other0.1%
Equity Sector Allocation
SectorValue
Financial Services32.1%
Technology10.52%
Consumer Cyclical7.91%
Basic Materials7.76%
Energy7.59%
Consumer Defensive6.57%
Industrials5.99%
Utility4.85%
Communication Services4.29%
Health Care1.94%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
9%₹2,156 Cr17,561,180
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
7%₹1,598 Cr19,840,238
↑ 1,721,850
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK
6%₹1,475 Cr34,000,000
Net Current Assets
Net Current Assets | -
5%-₹1,073 Cr
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
5%₹1,069 Cr15,601,708
↑ 4,748,917
Nifty 50 Index
- | -
5%₹1,064 Cr922,575
↑ 150,000
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Commercial Paper | -
4%₹999 Cr20,000
↑ 20,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
4%₹932 Cr25,396,804
Treps
CBLO/Reverse Repo | -
4%₹909 Cr
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
4%₹837 Cr6,285,943
↑ 403,056

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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