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Fincash » ABSL Frontline Equity Vs SBI Blue Chip Fund

Aditya Birla Sun Life Frontline Equity Fund Vs SBI Blue Chip Fund

Updated on October 18, 2019 , 1197 views

Aditya Birla Sun Life Frontline Equity Fund and SBI Blue Chip Fund both the schemes belong to the large-cap category of equity fund. Large cap funds invest their corpus in shares of companies having a market capitalization above INR 10,000 crores. Companies forming part of the large-cap category are considered as the market leaders in their industry. These companies show a steady growth on a timely basis. In addition, during economic downturns, a lot of people tend to focus more towards large-cap companies. It's because, during such periods the share prices of these companies do not fluctuate much. Though Aditya Birla Sun Life Frontline Equity Fund and SBI Bluechip Fund belong to the same category yet, there are differences between them in terms of various parameters. So, let us understand the differences between Aditya Birla Sun Life Frontline Equity Fund Vs SBI Blue Chip Fund.

Aditya Birla Sun Life Frontline Equity Fund

Aditya Birla Sun Life (ABSL) Frontline Equity Fund is an open-ended scheme offered by Aditya Birla Mutual Fund under the large-cap category. This scheme was launched in the month of August 2002. The objective of ABSL Frontline Equity Fund is long-term capital growth from a portfolio that constitutes 100% allocation towards equity instruments across various sectors. Some of the best points of this scheme are an investment in promising companies across industries and wealth creation with equity investments. The scheme uses S&P BSE 200 as its benchmark index to build its portfolio. As on March 31, 2018, some of the top holdings of ABSL Frontline Equity Fund’s portfolio included HDFC Bank Limited, ICICI Bank Limited, Infosys Limited, and Larsen Toubro Limited. Mr. Mahesh Patil is the sole fund manager of Aditya Birla Sun Life Frontline Equity Fund.

SBI Blue Chip Fund

SBI Blue Chip Fund is managed by SBI Mutual Fund. This open-ended large-cap Mutual Fund scheme was launched on February 14, 2006, and uses S&P BSE 100 Index as its benchmark to construct its portfolio. The objective of SBI Blue Chip Fund is to attain long-term capital growth by Investing in large-cap stocks whose market capitalization is not less than the last stock forming part of its benchmark index. As on March 31, 2018, some of the top 10 holdings of SBI Blue Chip Fund included Mahindra & Mahindra Limited, ITC Limited, Nestle Limited, and Hero Motocorp Limited. The fund manager managing the SBI Blue Chip Fund is Ms. Sohini Andani. The scheme is suitable for investors seeking exposure in blue chip Indian companies from a medium to long-term perspective.

Aditya Birla Sun Life Frontline Equity Fund Vs SBI Blue Chip Fund

Though both ABSL Frontline Equity Fund and SBI Blue Chip Fund belong to the same category, yet; they differ on account of numerous parameters such as Current NAV, performance, and so on. So, let us understand the differences between these schemes through four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

It is the first section in comparison of both the schemes. The parameters that form part of the basics section include Current NAV, Fincash Ratings, and Scheme Category. To begin with, the current NAV is can be said that there is a significant difference between the NAV of both the schemes. As on April 17, 2018, the NAV of Aditya Birla Sun Life Frontline Equity Fund was approximately INR 216 while of SBI Blue Chip Fund was approximately INR 38. Comparing the Fincash Ratings, it can be said that ABSL Frontline Equity Fund is rated as 4-Star scheme while SBI Blue Chip Fund is rated as 3-Star. With respect to the scheme category, it can be said that both the schemes belong to the same category, that is Equity Large Cap. The comparison summary of the 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
₹223.12 ↑ 1.54   (0.70 %)
₹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)
SBI Bluechip Fund
Growth
Fund Details
₹40.3182 ↑ 0.25   (0.62 %)
₹22,743 on 30 Sep 19
14 Feb 06
Equity
Large Cap
9
Moderately High
2.42
0.44
-0.86
3.42
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

Being the second section, here the Compounded Annual Growth Rate or CAGR returns between both the schemes are compared. The CAGR returns are compared at various time intervals such as 1 Month Returns, 3 Month Returns, 3 Year Returns, and Returns Since Inception. With respect to the performance of both the schemes, it can be said on a holistic note that the performance of ABSL Frontline Equity Fund is better than the performance of SBI Blue Chip Fund. The summary 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
5.9%
-0.4%
-1.8%
8.6%
6.7%
9.4%
19.9%
SBI Bluechip Fund
Growth
Fund Details
7.4%
1.7%
2.1%
14.8%
7.5%
11%
10.7%

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Yearly Performance Section

In this section of performance, the absolute returns between both the schemes for a particular year is compared. The comparison of yearly performance section reveals that for certain year SBI Blue Chip Fund has performed better while for other years, Birla Sun Life Frontline Equity Fund has done well. The comparison of yearly performance section is given below as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
-2.9%
30.6%
7.4%
1.1%
44.7%
SBI Bluechip Fund
Growth
Fund Details
-4.1%
30.2%
4.8%
8%
47.9%

Other Details Section

Being the last section in the comparison between both the schemes, the comparable elements under other details section include AUM, minimum SIP investment, minimum lumpsum investment, and others. To begin with the AUM, it can be said that ABSL Frontline Equity Fund leads the race. As on March 31, 2018, the AUM of ABSL Frontline Equity Fund was approximately INR 19,373 crores while of SBI Blue Chip Fund as on February 28, 2018, was approximately INR 17,665 Crores. The minimum SIP investment for ABSL’s scheme is INR 1,000 while of SBI is INR 500. Even in case of minimum lumpsum investment, for ABSL Frontline Equity Fund, the amount is INR 1,000 and for SBI Blue Chip Fund is INR 5,000. The summary comparison of the other details section is tabulated 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 - 13.71 Yr.
SBI Bluechip Fund
Growth
Fund Details
₹500
₹5,000
Sohini Andani - 8.67 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
30 Sep 14₹10,000
30 Sep 15₹10,910
30 Sep 16₹12,460
30 Sep 17₹14,341
30 Sep 18₹14,595
30 Sep 19₹15,194
Growth of 10,000 investment over the years.
SBI Bluechip Fund
Growth
Fund Details
DateValue
30 Sep 14₹10,000
30 Sep 15₹11,252
30 Sep 16₹13,024
30 Sep 17₹14,531
30 Sep 18₹14,857
30 Sep 19₹16,191

Detailed Assets & Holdings Comparison

Asset Allocation
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details
Asset ClassValue
Cash6.48%
Equity93.48%
Debt0.04%
Equity Sector Allocation
SectorValue
Financial Services39.93%
Technology10.5%
Energy8.85%
Consumer Defensive8.22%
Consumer Cyclical7.23%
Basic Materials6%
Industrials5.66%
Health Care5.05%
Utility2.5%
Communication Services1.09%
Real Estate0.51%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK
10%₹1,978 Cr8,876,225
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹1,680 Cr41,013,640
↓ -1,101,000
Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY
6%₹1,232 Cr15,121,074
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE
5%₹956 Cr7,657,890
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 08 | HDFC
4%₹868 Cr4,004,964
↓ -135,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT
4%₹753 Cr5,665,365
↑ 249,650
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 08 | ITC
4%₹751 Cr30,568,069
State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN
4%₹737 Cr26,908,434
Clearing Corporation Of India Limited
CBLO | -
4%₹735 Cr
NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 532555
2%₹501 Cr41,189,744
↑ 1,488,000
Asset Allocation
SBI Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash6.53%
Equity93.47%
Debt0.01%
Equity Sector Allocation
SectorValue
Financial Services37.56%
Industrials10.27%
Consumer Defensive9.18%
Technology7.6%
Consumer Cyclical6.38%
Energy6.27%
Basic Materials5.4%
Health Care4.6%
Real Estate1.8%
Utility1.34%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK
9%₹1,907 Cr8,560,189
Reverse Repo
CBLO/Reverse Repo | -
8%₹1,779 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | ICICIBANK
6%₹1,292 Cr31,543,104
↑ 1,498,750
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 09 | LT
5%₹1,071 Cr8,062,209
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
5%₹1,025 Cr41,713,904
↑ 738,678
Infosys Ltd (Technology)
Equity, Since 30 Nov 17 | INFY
4%₹938 Cr11,506,309
↑ 313,200
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 15 | HDFC
4%₹826 Cr3,812,989
Nestle India Ltd (Consumer Defensive)
Equity, Since 31 May 16 | NESTLEIND
4%₹817 Cr634,722
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 16 | KOTAKBANK
3%₹732 Cr5,110,470
State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN
3%₹710 Cr25,919,243
↓ -1,000,000

Thus, from the above parameters, it can be said that there does exist differences between Aditya Birla Sun Life Frontline Equity Fund and SBI Blue Chip Fund. As a result, individuals should understand the functioning of a scheme before investing in it. They should also ensure whether their investment objective is in-line with the scheme’s objective or not. This will help individuals to attain their objectives on-time 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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