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Fincash » ABSL Frontline Equity Vs Nippon India Large Cap Fund

Aditya Birla Sun Life Frontline Equity Fund Vs Nippon India Large Cap Fund

Updated on January 22, 2020 , 698 views

Aditya Birla Sun Life Frontline Equity Fund and Nippon India Large Cap Fund (Formerly known as Reliance Large Cap Fund) both the schemes are a part of large-cap equity fund. In simple terms, Large cap funds are the schemes that invest in shares of companies having a market capitalization of more than INR 10,000 Crores. Large-cap funds form the top of the pyramid when Equity Funds are classified on the basis of market capitalization. These companies are also known as bluechip companies and give stable returns and performance. Even during economic problems, the share prices of large-cap funds do not fluctuate much. Large-cap companies are also the market leaders in their field wherein and have a reputation for themselves. So, let us understand the differences between Aditya Birla Sun Life Frontline Equity Fund and Nippon India Large Cap Fund by comparing various parameters such as performance, NAV, and other through this article.

Aditya Birla Sun Life Frontline Equity Fund

Aditya Birla Sun Life (ABSL) Frontline Equity Fund is offered and managed by ABSL Mutual Fund and was launched in the month of August 2002. The scheme uses S&P BSE 200 Index as its base index to build its portfolio. Some of the highlights of ABSL Frontline Equity Fund are an investment in promising companies across industries, maintaining discipline by trying to maintain an exposure within a certain range of the sectoral weight in the benchmark index, and wealth creation with equity investments. Investors seeking for wealth creation over a time frame of 3-5 years can choose to invest in this scheme of ABSL Mutual Fund. Mr. Mahesh Patil is the sole fund manager of Aditya Birla Sun Life Frontline Equity Fund.

Nippon India Large Cap Fund (Formerly Reliance Large Cap Fund)

This scheme of Nippon India Mutual Fund aims to attain capital appreciation in the long-term by Investing predominantly in equity and equity-related securities of large-cap companies. Nippon India Large Cap Fund was launched on August 08, 2007, and is appropriate for individuals seeking long-term capital growth by investing in equity and equity-related instruments. The risk-appetite of Nippon India Large Cap Fund is moderately high. Mr. Ashwani Kumar and Mr. Shailesh Raj Bhan are the fund managers of Reliance Large Cap Fund. As on March 31, 2018, some of the top holdings of Reliance Large Cap Fund consisted of HDFC Bank Limited, State Bank of India, Larsen & Toubro Limited, Tata Steel Limited, and Infosys Limited. The scheme aims to invest in companies that are leaders or potential leaders in their field and also have established business model along with sustainable free cash flows.

Aditya Birla Sun Life Frontline Equity Fund Vs Nippon India Large Cap Fund

Though both Aditya Birla Sun Life Frontline Equity Fund and Reliance/Nippon India Large Cap Fund belong to the same category, nevertheless; there are numerous differences between them. So, let’s analyze these differences that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

Being the first section in the comparison, it includes elements such as current NAV, Fincash Rating, and scheme category. The comparison of Fincash Rating reveals that both the scheme are rated as 4-Star schemes. Also, the comparison of scheme category shows that both the schemes are a part of the same category, that is, Equity Large Cap. With respect to the current NAV, it can be said that there is a drastic difference between both the schemes on account of NAV. As on April 26, 2018, the NAV of ABSL Frontline Equity Fund was approximately INR 217 while of Reliance/Nippon India Large Cap Fund was approximately INR 32. The table given below shows the summary comparison of the basics section.

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
₹236.08 ↑ 1.75   (0.75 %)
₹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)
Nippon India Large Cap Fund
Growth
Fund Details
₹36.2147 ↑ 0.22   (0.60 %)
₹12,955 on 31 Dec 19
8 Aug 07
Equity
Large Cap
20
Moderately High
2.28
0.31
-0.18
-5.36
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The comparison of Compounded Annual Growth Rate or CAGR returns is done in the performance section. These CAGR returns are compared at different time intervals such as 1 Month Return, 3 Year Return, and 5 Year Return. The analysis of the performance section shows that though there is not much difference in the performance of both the schemes, yet; in many instances, ABSL Frontline Equity Fund leads the race. 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
1.3%
6.5%
8.3%
10.8%
9.9%
7.2%
19.9%
Nippon India Large Cap Fund
Growth
Fund Details
2%
8%
7.2%
10.7%
13.1%
7.9%
10.9%

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Yearly Performance Section

Being the third section, it compares the absolute returns generated by both the schemes for a particular year. The comparison of the yearly performance section shows that, in certain years, Reliance Large Cap Fund leads the race and in others, ABSL Frontline Equity Fund leads the race. The table given below summarizes the comparison of the yearly performance section.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
7.6%
-2.9%
30.6%
7.4%
1.1%
Nippon India Large Cap Fund
Growth
Fund Details
7.3%
-0.2%
38.4%
2.2%
1.1%

Other Details Section

It is the last section in the comparison of both the schemes. The elements forming part of the other details section include AUM, minimum SIP investment, and minimum lumpsum investment. The comparison of minimum SIP and lumpsum investment for both the schemes reveals a difference. The minimum SIP and the lumpsum amount in case of Nippon India Mutual Fund’s scheme are INR 100 and INR 5,000 respectively. However, for ABSL Mutual Fund’s scheme, the minimum SIP and lumpsum amount both are INR 1,000 only. Also, the AUM of both the schemes reveals a drastic difference. As on March 31, 2018, the AUM of Reliance Large Cap Fund is around INR 8,825 Crores while of Aditya Birla Sun Life Frontline Equity Fund is nearly INR 19,373 Crores. The comparison of other details section is as follows.

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.
Nippon India Large Cap Fund
Growth
Fund Details
₹100
₹5,000
Sailesh Raj Bhan - 12.41 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 Dec 14₹10,000
31 Dec 15₹10,110
31 Dec 16₹10,861
31 Dec 17₹14,182
31 Dec 18₹13,770
31 Dec 19₹14,822
Growth of 10,000 investment over the years.
Nippon India Large Cap Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹10,111
31 Dec 16₹10,337
31 Dec 17₹14,308
31 Dec 18₹14,279
31 Dec 19₹15,315

Detailed portfolio Comparison

Asset Allocation
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
Asset ClassValue
Cash4.82%
Equity95.15%
Debt0.02%
Equity Sector Allocation
SectorValue
Financial Services40.98%
Energy10.6%
Technology9.4%
Consumer Defensive8.02%
Industrials5.76%
Basic Materials5.4%
Consumer Cyclical5.31%
Health Care5.01%
Utility2.41%
Communication Services1.94%
Real Estate0.33%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK
10%₹2,134 Cr16,738,450
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹1,903 Cr37,116,765
↓ -2,570,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE
6%₹1,173 Cr7,560,866
Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY
5%₹1,119 Cr16,071,274
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT
4%₹836 Cr6,285,365
↑ 173,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 08 | HDFC
4%₹825 Cr3,589,452
↓ -506,512
State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN
4%₹809 Cr23,676,434
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 08 | ITC
4%₹753 Cr30,568,069
Clearing Corporation Of India Limited
CBLO | -
3%₹680 Cr
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | 532215
3%₹582 Cr7,873,119
Asset Allocation
Nippon India Large Cap Fund
Growth
Fund Details
Asset ClassValue
Cash0.29%
Equity99.57%
Other0.15%
Equity Sector Allocation
SectorValue
Financial Services33.89%
Industrials14.69%
Consumer Cyclical14.04%
Energy8.23%
Health Care7.42%
Technology6.47%
Consumer Defensive5.25%
Communication Services3.84%
Basic Materials3.36%
Utility2.38%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Oct 10 | SBIN
8%₹991 Cr29,000,000
↓ -3,000,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK
7%₹880 Cr6,901,222
↓ -600,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹795 Cr15,500,000
↓ -5,500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 07 | LT
5%₹705 Cr5,300,000
↓ -300,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 16 | ITC
5%₹665 Cr27,000,000
↓ -2,000,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | 532215
5%₹628 Cr8,500,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 07 | INFY
5%₹592 Cr8,500,084
↓ -500,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 19 | HDFC
4%₹505 Cr2,200,000
↑ 2,200,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
4%₹500 Cr11,300,683
↑ 3,400,000
Bank of Baroda (Financial Services)
Equity, Since 31 Jul 18 | 532134
4%₹472 Cr45,000,000
↑ 3,000,000

Therefore, it can be concluded based on the above-mentioned pointers, that there are a number of differences between both the schemes. As a consequence, individuals should be careful before choosing any of the schemes for investment. They should check whether the scheme matches with their investment objective or not. Also, they should do a thorough analysis of the scheme. This will help individuals ensure that their money is safe and the objectives are met on time.

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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