Table of Contents
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 (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 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.
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.
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 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 ₹450.22 ↓ -2.57 (-0.57 %) ₹26,480 on 29 Feb 24 30 Aug 02 ☆☆☆☆ Equity Large Cap 14 Moderately High 1.73 2.18 0.04 1.61 Not Available 0-365 Days (1%),365 Days and above(NIL) SBI Bluechip Fund
Growth
Fund Details ₹79.6976 ↓ -0.26 (-0.33 %) ₹43,355 on 29 Feb 24 14 Feb 06 ☆☆☆☆ Equity Large Cap 9 Moderately High 1.64 1.53 -1.06 -5.25 Not Available 0-1 Years (1%),1 Years and above(NIL)
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 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 1.8% 2.2% 14.1% 30.2% 17.1% 14.5% 19.2% SBI Bluechip Fund
Growth
Fund Details 2.8% 1.5% 10.7% 25.2% 15.7% 15% 12.1%
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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 Performance 2023 2022 2021 2020 2019 Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details 23.1% 3.5% 27.9% 14.2% 7.6% SBI Bluechip Fund
Growth
Fund Details 22.6% 4.4% 26.1% 16.3% 11.6%
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 Details Min SIP Investment Min Investment Fund Manager Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details ₹100 ₹1,000 Mahesh Patil - 18.38 Yr. SBI Bluechip Fund
Growth
Fund Details ₹500 ₹5,000 Sohini Andani - 13.59 Yr.
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,279 31 Mar 21 ₹12,388 31 Mar 22 ₹14,880 31 Mar 23 ₹14,915 31 Mar 24 ₹19,963 SBI Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,588 31 Mar 21 ₹13,209 31 Mar 22 ₹15,340 31 Mar 23 ₹15,750 31 Mar 24 ₹20,399
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.16% Equity 98.5% Debt 0.35% Equity Sector Allocation
Sector Value Financial Services 31.13% Consumer Cyclical 14.24% Technology 10% Industrials 8.2% Consumer Defensive 7.35% Energy 7.09% Health Care 6.16% Basic Materials 5.65% Communication Services 3.98% Utility 2.68% Real Estate 2.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹2,193 Cr 20,842,818 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK8% ₹2,067 Cr 14,726,480
↓ -118,087 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY6% ₹1,645 Cr 9,825,674
↑ 248,920 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE6% ₹1,576 Cr 5,393,755 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT5% ₹1,314 Cr 3,777,376
↑ 56,250 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL3% ₹855 Cr 7,614,037
↓ -150,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | 5322153% ₹810 Cr 7,538,312 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN3% ₹754 Cr 10,080,311 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 19 | SUNPHARMA3% ₹747 Cr 4,731,811 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | M&M3% ₹722 Cr 3,735,556 SBI Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.37% Equity 95.63% Equity Sector Allocation
Sector Value Financial Services 29.04% Consumer Cyclical 16.98% Industrials 10.86% Consumer Defensive 10.43% Health Care 7.63% Basic Materials 6.59% Technology 4.59% Energy 4.52% Real Estate 2.81% Communication Services 2.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK8% ₹3,509 Cr 25,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | ICICIBANK8% ₹3,373 Cr 32,053,104 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 09 | LT6% ₹2,579 Cr 7,417,268 Infosys Ltd (Technology)
Equity, Since 30 Nov 17 | INFY5% ₹1,992 Cr 11,900,000 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC5% ₹1,991 Cr 49,000,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 15 | RELIANCE4% ₹1,861 Cr 6,370,915 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 22 | 5000344% ₹1,829 Cr 2,815,833 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 Oct 14 | 5008253% ₹1,292 Cr 2,601,838
↑ 206,866 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Apr 21 | 5328273% ₹1,088 Cr 317,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Aug 19 | SUNPHARMA2% ₹1,009 Cr 6,392,866
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.
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