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Fincash » Birla Sun Life Frontline Equity Vs Mirae Asset India Equity Fund

Aditya Birla Sun Life Frontline Equity Fund Vs Mirae Asset India Equity Fund

Updated on February 14, 2020 , 888 views

Aditya Birla Sun Life Frontline Equity Fund and Mirae Asset India Equity Fund both belong to the Large Cap category forming part of Equity Funds. Large cap funds are the Mutual Fund schemes that invest their corpus in shares of large-cap companies. Also known as Bluechip Companies, the market capitalization of these companies are more than INR 10,000 crores. These companies are considered as the market leaders in their field and fetch good returns and growth on a yearly basis. Even when the economy is not performing up to the desired level, the share price of these companies does not fluctuate much. Though both Aditya Birla Sun Life Frontline Equity Fund and Mirae Asset India Equity Fund belong to the same category yet they differ with respect to different attributes such are current NAV, AUM, minimum lumpsum amount, and much more. So, let us understand the differences between both the schemes through this article.

About Aditya Birla Sun Life Frontline Equity Fund

Aditya Birla Sun Life Frontline Equity Fund is an open-ended scheme that was launched on August 29, 2002. It is a part of Aditya Birla Sun Life Mutual Fund. The scheme aims to attain capital growth in the long-term by Investing its entire corpus in equity shares across different companies. It uses S&P BSE 200 Index to construct its portfolio.

As on January 31, 2018, some of the constituents of the Top 10 holdings of Aditya Birla Sun Life Frontline Equity Fund included HDFC Bank Limited, ICICI Bank Limited, ITC Limited, and Maruti Suzuki India Limited.

Some of the highlights of this scheme are investment in promising companies across industries, discipline, and wealth creation with equity investments.

Overview of Mirae Asset India Equity Fund (Erstwhile Mirae Asset India Opportunities Fund)

Mirae Asset India Equity Fund (earlier known as Mirae Asset India Opportunities Fund) is an open-ended equity oriented scheme. It is a part of Mirae Asset Mutual Fund and is present since 2008. The scheme thrives to maximize opportunities under various market situations. Some of the features of the fund include risk mitigation to reduce volatility and improve liquidity, focus on good business, and consistency of performance.

Some of the constituents that form part of the scheme’s portfolio in the top 10 position include Larsen & Toubro Limited, Infosys Limited, State Bank of India, and Maruti Suzuki India Limited.

This scheme is suitable for people whose wish for long-term capital appreciation by investing in equity and equity-related securities.

Birla Sun Life Frontline Equity Fund Vs Mirae Asset India Equity Fund

Though both Birla Sun Life Frontline Equity Fund and Mirae Asset India Equity Fund both belong to the same category. However, there are differences between both the schemes. So, let us understand the differences between both these schemes that are divided into four sections, namely, Basics Section, Performance Section, Yearly Performance Section, and Other Details Section.

Basics Section

Some of the comparable elements that form part of Basics Section include; Scheme Category, Fincash Rating, AUM, Current NAV, expense ratio and many more. To begin with the Scheme Category, it can be said that, both the schemes belong to the same category, that is, Equity Large Cap.

As per Fincash Rating, Mirae Asset India Equity Fund is a 5-Star rated while Aditya Birla Sun Life Frontline Equity Fund is 4-Star Rated Fund.

The table given below summarizes the difference between both the scheme.

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
₹232.61 ↓ -1.05   (-0.45 %)
₹21,093 on 31 Dec 19
30 Aug 02
Equity
Large Cap
14
Moderately High
2.11
0.41
-1.26
-5.24
Not Available
0-365 Days (1%),365 Days and above(NIL)
Mirae Asset India Equity Fund 
Growth
Fund Details
₹53.968 ↓ -0.44   (-0.81 %)
₹16,873 on 31 Dec 19
4 Apr 08
Equity
Multi Cap
19
Moderately High
2.17
0.84
0.31
1.02
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

This section compares the Compounded Annual Growth Rate or CAGR returns between both the schemes. These returns are compared at different time intervals. Some such intervals include 1 Month Return, 3 Month Return, 1 Year Return, and 5 Year Return. On a hindsight, it can be said that there is a difference between the returns earned by both the schemes. Though at many time periods the returns of Mirae are higher but in case of *Returns Since Inception, the returns of Birla Sun Life Frontline Equity Fund are higher*. The table given below shows the comparison summary of performance section.

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
-1.5%
1.9%
9.5%
11.9%
8.1%
6.7%
19.7%
Mirae Asset India Equity Fund 
Growth
Fund Details
-2.1%
2.2%
10.3%
14.3%
12.4%
10.4%
15.3%

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Yearly Performance Section

The yearly performance section compares the Absolute Return of both the schemes for a particular year. Even in case of yearly performance, the performance of Mirae Asset India Equity Fund is higher as compared to Birla Sun Life Frontline Equity Fund. The summary of yearly performance section is tabulated as follows.

Parameters
Yearly Performance2019
2018
2017
2016
2015
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
7.6%
-2.9%
30.6%
7.4%
1.1%
Mirae Asset India Equity Fund 
Growth
Fund Details
12.7%
-0.6%
38.6%
8.1%
4.3%

Other Details Section

The Other Details section include comparable parameters like Minimum Lumpsum Investment and Minimum SIP investment. The minimum lumpsum investment of both the schemes are different where the lumpsum investment in case of Birla Mutual Fund is INR 1,000 and of Mirae Asset Mutual Fund is INR 5,000.

This summary of the different comparable parameters of both the schemes is tabulated as follows.

The fund manager managing the scheme is Mr. Mahesh Patil.

Mirae Asset India Equity Fund is jointly managed by Mr. Neelesh Surana and Mr. Harshad Borawake.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
₹100
₹1,000
Mahesh Patil - 14.13 Yr.
Mirae Asset India Equity Fund 
Growth
Fund Details
₹1,000
₹5,000
Harshad Borawake - 2.67 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 Jan 15₹10,000
31 Jan 16₹9,061
31 Jan 17₹10,692
31 Jan 18₹13,522
31 Jan 19₹12,649
31 Jan 20₹13,789
Growth of 10,000 investment over the years.
Mirae Asset India Equity Fund 
Growth
Fund Details
DateValue
31 Jan 15₹10,000
31 Jan 16₹9,251
31 Jan 17₹11,169
31 Jan 18₹15,039
31 Jan 19₹14,537
31 Jan 20₹16,263

Detailed Assets & Holdings Comparison

Asset Allocation
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
Asset ClassValue
Cash3.64%
Equity96.34%
Debt0.02%
Equity Sector Allocation
SectorValue
Financial Services41.55%
Energy10.45%
Technology9.75%
Consumer Defensive7.66%
Industrials5.99%
Consumer Cyclical5.54%
Basic Materials5.53%
Health Care5.15%
Utility2.47%
Communication Services2.01%
Real Estate0.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK
10%₹2,129 Cr16,738,450
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹2,000 Cr37,116,765
Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY
6%₹1,175 Cr16,071,274
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE
5%₹1,145 Cr7,560,866
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT
4%₹885 Cr6,815,431
↑ 530,066
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 08 | HDFC
4%₹830 Cr3,439,452
↓ -150,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN
4%₹770 Cr23,056,434
↓ -620,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 08 | ITC
3%₹709 Cr29,836,420
↓ -731,649
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | 532215
3%₹594 Cr7,873,119
Clearing Corporation Of India Limited
CBLO | -
3%₹536 Cr
Asset Allocation
Mirae Asset India Equity Fund 
Growth
Fund Details
Asset ClassValue
Cash3.34%
Equity96.66%
Equity Sector Allocation
SectorValue
Financial Services38.27%
Energy10.03%
Technology9.2%
Industrials9.08%
Consumer Cyclical8.7%
Consumer Defensive8.61%
Health Care6.15%
Basic Materials2.92%
Utility2.25%
Communication Services1.46%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹1,540 Cr12,102,579
↑ 124,219
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹1,224 Cr22,709,454
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
6%₹989 Cr6,535,191
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
5%₹851 Cr11,641,597
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
5%₹810 Cr24,281,723
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
5%₹762 Cr5,872,454
↑ 767,188
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
4%₹729 Cr9,665,638
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹621 Cr26,118,817
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
3%₹546 Cr2,525,302
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
3%₹469 Cr1,945,463

Thus, from the above pointers, it can be said that there is a difference between both the schemes across different parameters. However, individuals while choosing the schemes need to be careful and check whether the scheme matches their preferences or not. They should also understand the modalities of the scheme completely. If required they can even consult a financial advisor. This will ensure that individuals accomplish their goals on time and their investments are safe.

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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