Fincash » Birla Sun Life Frontline Equity Vs Mirae Asset India Equity Fund
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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 ₹331.77 ↓ -2.70 (-0.81 %) ₹21,132 on 28 Feb 23 30 Aug 02 ☆☆☆☆ Equity Large Cap 14 Moderately High 1.76 -0.09 -0.08 0.93 Not Available 0-365 Days (1%),365 Days and above(NIL) Mirae Asset India Equity Fund
Growth
Fund Details ₹75.092 ↓ -0.55 (-0.73 %) ₹32,911 on 28 Feb 23 4 Apr 08 ☆☆☆☆☆ Equity Multi Cap 19 Moderately High 1.23 -0.14 -0.36 0.22 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 -2.5% -4.1% -2.4% -0.1% 30.3% 10% 18.6% Mirae Asset India Equity Fund
Growth
Fund Details -3% -4.2% -3.3% -1.6% 28.5% 11.1% 14.4%
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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 2022 2021 2020 2019 2018 Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details 3.5% 27.9% 14.2% 7.6% -2.9% Mirae Asset India Equity Fund
Growth
Fund Details 1.6% 27.7% 13.7% 12.7% -0.6%
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 - 17.22 Yr. Mirae Asset India Equity Fund
Growth
Fund Details ₹1,000 ₹5,000 Gaurav Khandelwal - 1.29 Yr.
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹9,744 29 Feb 20 ₹10,078 28 Feb 21 ₹12,972 28 Feb 22 ₹15,183 28 Feb 23 ₹15,653 Mirae Asset India Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,136 29 Feb 20 ₹10,798 28 Feb 21 ₹13,899 28 Feb 22 ₹15,947 28 Feb 23 ₹16,368
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 2.64% Equity 97.36% Debt 0.01% Equity Sector Allocation
Sector Value Financial Services 36.8% Technology 11.82% Consumer Cyclical 9.53% Consumer Defensive 7.37% Energy 6.79% Health Care 6.01% Industrials 5.97% Basic Materials 5.57% Communication Services 4.29% Utility 1.72% Real Estate 1.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹1,862 Cr 22,383,782 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK8% ₹1,683 Cr 10,497,547 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY7% ₹1,593 Cr 10,388,042 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE5% ₹1,172 Cr 4,979,005 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT4% ₹934 Cr 4,396,487 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | 5322154% ₹886 Cr 10,162,148 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL3% ₹708 Cr 9,195,251 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN3% ₹631 Cr 11,401,570 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 08 | HDFC3% ₹563 Cr 2,147,908 HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 12 | HCLTECH2% ₹495 Cr 4,409,692 Mirae Asset India Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.62% Equity 99.37% Other 0% Equity Sector Allocation
Sector Value Financial Services 37.3% Technology 13.02% Consumer Cyclical 10.22% Energy 8.11% Industrials 7.91% Consumer Defensive 6.59% Health Care 6.1% Basic Materials 4.83% Communication Services 3.69% Utility 1.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK11% ₹3,615 Cr 22,546,579 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹2,925 Cr 35,161,348 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY7% ₹2,458 Cr 16,027,333 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE7% ₹2,451 Cr 10,413,270
↑ 1,348,589 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322155% ₹1,579 Cr 18,120,703
↓ -243,309 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,232 Cr 15,993,386
↑ 80,212 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN3% ₹1,121 Cr 20,260,399
↓ -834,440 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC3% ₹1,049 Cr 4,000,090
↑ 512,805 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT3% ₹999 Cr 4,703,308 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI3% ₹969 Cr 1,088,850
↓ -82,206
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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