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.
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.
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.
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.
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 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 ₹524.98 ↑ 1.81 (0.35 %) ₹29,867 on 31 Aug 25 30 Aug 02 ☆☆☆☆ Equity Large Cap 14 Moderately High 1.65 -0.58 0.84 0.89 Not Available 0-365 Days (1%),365 Days and above(NIL) Mirae Asset India Equity Fund
Growth
Fund Details ₹112.699 ↑ 0.28 (0.24 %) ₹39,477 on 31 Aug 25 4 Apr 08 ☆☆☆☆☆ Equity Multi Cap 19 Moderately High 1.16 -0.52 -0.17 1.6 Not Available 0-1 Years (1%),1 Years and above(NIL)
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 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 0.5% -1.5% 8.5% -1.4% 16.4% 19.3% 18.7% Mirae Asset India Equity Fund
Growth
Fund Details 0.2% -0.9% 8.7% -0.4% 14% 16.7% 14.8%
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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 Performance 2024 2023 2022 2021 2020 Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details 15.6% 23.1% 3.5% 27.9% 14.2% Mirae Asset India Equity Fund
Growth
Fund Details 12.7% 18.4% 1.6% 27.7% 13.7%
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 Details Min SIP Investment Min Investment Fund Manager Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details ₹100 ₹1,000 Mahesh Patil - 19.8 Yr. Mirae Asset India Equity Fund
Growth
Fund Details ₹1,000 ₹5,000 Gaurav Misra - 6.59 Yr.
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹16,034 30 Sep 22 ₹15,750 30 Sep 23 ₹18,422 30 Sep 24 ₹25,423 30 Sep 25 ₹24,283 Mirae Asset India Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹15,431 30 Sep 22 ₹14,979 30 Sep 23 ₹17,067 30 Sep 24 ₹22,438 30 Sep 25 ₹21,682
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.5% Equity 98.12% Debt 0.37% Equity Sector Allocation
Sector Value Financial Services 33.03% Consumer Cyclical 12.56% Industrials 10.04% Technology 8.74% Consumer Defensive 7.45% Health Care 5.62% Energy 5.29% Basic Materials 4.98% Communication Services 4.59% Utility 2.46% Real Estate 1.3% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK8% ₹2,339 Cr 24,579,704
↓ -800,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹2,285 Cr 16,348,292
↓ -180,000 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY5% ₹1,475 Cr 10,033,663 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE5% ₹1,396 Cr 10,288,650
↓ -364,786 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT4% ₹1,308 Cr 3,632,615
↑ 29,400 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL4% ₹1,121 Cr 5,937,535 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK3% ₹981 Cr 5,003,211
↑ 428,572 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | AXISBANK3% ₹954 Cr 9,126,955 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | M&M3% ₹940 Cr 2,939,262
↑ 238,616 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN3% ₹837 Cr 10,426,038 Mirae Asset India Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.36% Equity 99.64% Other 0% Equity Sector Allocation
Sector Value Financial Services 31.14% Consumer Cyclical 12.85% Technology 11.86% Consumer Defensive 10.68% Basic Materials 7.83% Industrials 7.04% Energy 5.53% Health Care 4.93% Communication Services 3.99% Utility 3.18% Real Estate 0.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹3,822 Cr 40,160,960
↑ 408,946 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹3,217 Cr 23,014,569
↑ 2,406,411 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY6% ₹2,301 Cr 15,659,399
↓ -270,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE5% ₹1,837 Cr 13,533,143 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC4% ₹1,708 Cr 41,682,621
↑ 3,393,022 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,577 Cr 8,349,033 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS4% ₹1,512 Cr 4,900,679
↓ -277,612 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT3% ₹1,377 Cr 3,822,728 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | AXISBANK3% ₹1,271 Cr 12,161,259
↓ -353,567 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI3% ₹1,004 Cr 678,906
↑ 94,232
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.
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