Table of Contents
Axis Focused 25 Fund and DSP BlackRock Focus Fund, both the schemes are a part of the large-cap Equity Funds. Though these schemes belong to the same category, nevertheless; there are a number of differences between them. In simple terms, Large cap funds invest their pooled money in shares of large-sized companies that have a Market capitalization of more than INR 10,000 Crores. Since, these companies invest in large businesses, they tend to give stable returns. In addition, even during economic downturns, the share prices of large-cap companies tend to fluctuate less. These companies are also known as bluechip companies, and most of these firms are the market leaders in their respective Industry. So, let us understand the differences between Axis Focused 25 Fund Vs DSP BlackRock Focus Fund through this article.
Axis Focused 25 Fund is suitable for individuals seeking exposure in a Portfolio that mainly consists of stocks belonging to large-cap category thereby attaining, Capital appreciation. The objective of Axis Focused 25 Fund is to invest in quality companies that are able to sustain stock performance and generate long-term capital appreciation over time. This scheme of Axis Mutual Fund also maintains a high conviction approach by Investing in equity and equity-related instruments of not more than 25 companies at a given point in time. Mr. Jinesh Gopani is the sole fund manager of the scheme. Axis Focused 25 Fund was incepted in the month of June 2012 and uses Nifty 50 as its benchmark to build its portfolio. As on March 31, 2018, some of the top holdings of Axis Focused 25 Fund included Shree Cements Limited, Endurance Technologies Limited, Tata Consultancy Services Limited.
DSP BlackRock Focus Fund (earlier known as DSP BlackRock Focus 25 Fund) is a part of DSP BlackRock Mutual Fund that was launched on June 10, 2010. The objective of DSP BlackRock Focus Fund is to attain long-term capital growth from a portfolio of equity and equity-related instruments of a maximum of 30 companies. Mr. Harrish Zaveri and Mr. Jay Kothari both jointly manage DSP BlackRock Focus Fund. As on March 31, 2018, the top five holdings that were a part of DSP BlackRock Focus Fund’s portfolio were HDFC Bank Limited, Maruti Suzuki India Limited, Larsen & Toubro Limited, Reliance Industries Limited, and IndusInd Bank Limited. Based on the Asset Allocation of the scheme, it invests around 65-100% of its fund money in equity instruments while the remaining in fixed Income instruments. DSP BlackRock Focus Fund uses S&PP BSE 200 TRI as its benchmark index to construct its portfolio.
Both Axis Focused 25 Fund and DSP BlackRock Focus Fund differ on account of various parameters such as performance, NAV, AUM, and so on. These differences exist though both the schemes are a part of the same category. So, let’s understand the differences between these schemes with the help of four sections, namely, basics section, performance section, yearly performance section, and other details section.
Fincash Rating, scheme category, and current NAV are some of the parameters that form part of this basics section. To begin with the scheme category, it can be said that both the schemes belong to the same category of Equity Large Cap. The comparison of current NAV shows a difference between both the schemes. The NAV of Axis Focused 25 Fund was approximately INR 27 while of DSP BlackRock Focus Fund was around INR 22 as on April 26, 2018. With respect to Fincash Rating, it can be said that Axis Mutual Fund’s scheme is rated as a 5-Star scheme and DSP BlackRock Mutual Fund’s scheme is rated as a 3-Star scheme. The summary comparison of the basics section is tabulated 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 Axis Focused 25 Fund
Growth
Fund Details ₹41.17 ↑ 0.07 (0.17 %) ₹15,629 on 31 Jul 23 29 Jun 12 ☆☆☆☆☆ Equity Focused 7 Moderately High 1.74 -0.12 -1.57 -11.7 Not Available 0-12 Months (1%),12 Months and above(NIL) DSP BlackRock Focus Fund
Growth
Fund Details ₹37.891 ↑ 0.17 (0.45 %) ₹1,975 on 31 Jul 23 10 Jun 10 ☆☆☆ Equity Focused 27 Moderately High 2.15 0.85 -0.89 1.62 Not Available 0-12 Months (1%),12 Months and above(NIL)
It is the second section in the comparison that analyses the difference in the Compounded Annual Growth Rate or CAGR returns between the scheme. These CAGR returns are compared at different time intervals such 3 Month Return, 3 Year Return, 5 Year Return, and Return since Inception. The comparison of performance section shows that in almost all the instances, Axis Focused 25 Fund has performed better as compared to DSP BlackRock Focus Fund. The table given below shows the summary comparison of the performance section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Axis Focused 25 Fund
Growth
Fund Details -3.7% 4.1% 10.3% -0.6% 11.8% 6.9% 13.5% DSP BlackRock Focus Fund
Growth
Fund Details 2.2% 11.7% 16% 13.9% 17.4% 9.5% 10.6%
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The comparison of absolute returns generated by both the schemes for a particular year is done in the yearly performance section. With respect to absolute returns section, it can be said that for certain years Axis Focused 25 Fund leads the race while in others, DSP BlackRock Focus Fund leads the race. The performance of yearly performance section is as follows.
Parameters Yearly Performance 2022 2021 2020 2019 2018 Axis Focused 25 Fund
Growth
Fund Details -14.5% 24% 21% 14.7% 0.6% DSP BlackRock Focus Fund
Growth
Fund Details -4.5% 22.3% 9% 18% -5.6%
It is the last section in the comparison that includes comparable elements such as AUM, minimum SIP investment, minimum lumpsum investment, and others. With respect to the minimum SIP and lumpsum investment, both the schemes differ. The minimum SIP and lumpsum amount in case of Axis Focused 25 Fund is INR 1,000 and INR 5,000 respectively. On the other hand, the minimum SIP and lumpsum investment in case of DSP BlackRock Focus Fund are INR 500 and INR 1,000 respectively. Additionally, both the schemes also differ on account of AUM. As on March 31, 2018, the AUM of Axis’s scheme was around INR 3,154 Crores and of DSP BlackRock’s scheme was nearly INR 2,830 Crores. The table given below summarizes the comparison of the other details section.
Parameters Other Details Min SIP Investment Min Investment Fund Manager Axis Focused 25 Fund
Growth
Fund Details ₹500 ₹5,000 Shreyash Devalkar - 0.08 Yr. DSP BlackRock Focus Fund
Growth
Fund Details ₹500 ₹1,000 Vinit Sambre - 3.25 Yr.
Axis Focused 25 Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹10,985 30 Sep 20 ₹10,944 30 Sep 21 ₹17,719 30 Sep 22 ₹15,127 30 Sep 23 ₹15,783 DSP BlackRock Focus Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹11,197 30 Sep 20 ₹10,970 30 Sep 21 ₹16,244 30 Sep 22 ₹15,826 30 Sep 23 ₹18,350
Axis Focused 25 Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.11% Equity 99.59% Debt 0.3% Equity Sector Allocation
Sector Value Financial Services 24.25% Basic Materials 17.38% Technology 11.23% Consumer Defensive 9.3% Health Care 7.48% Communication Services 5.67% Energy 3.9% Consumer Cyclical 3.21% Utility 3.15% Real Estate 0.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 5403769% ₹1,366 Cr 3,672,452
↓ -50,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000349% ₹1,297 Cr 1,810,534
↓ -100,000 Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 28 Feb 18 | TCS8% ₹1,140 Cr 3,395,172
↓ -240,000 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Jun 16 | PIDILITIND7% ₹1,047 Cr 4,161,827
↓ -158,330 Info Edge (India) Ltd (Communication Services)
Equity, Since 31 Jul 16 | NAUKRI6% ₹833 Cr 1,924,269
↓ -69,953 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 19 | DIVISLAB6% ₹814 Cr 2,265,049
↓ -100,761 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Oct 16 | 5329784% ₹580 Cr 3,894,424 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 22 | RELIANCE4% ₹574 Cr 2,382,716
↓ -220,000 Shree Cement Ltd (Basic Materials)
Equity, Since 30 Apr 19 | 5003874% ₹552 Cr 232,097 PI Industries Ltd (Basic Materials)
Equity, Since 31 Jul 21 | PIIND4% ₹529 Cr 1,458,227 DSP BlackRock Focus Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.08% Equity 95.92% Equity Sector Allocation
Sector Value Financial Services 35.9% Health Care 11.34% Basic Materials 11.08% Consumer Cyclical 10.97% Technology 10.23% Industrials 6.95% Consumer Defensive 4.02% Real Estate 3.27% Utility 2.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 22 | 5000347% ₹137 Cr 190,845 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK5% ₹108 Cr 1,129,618 Infosys Ltd (Technology)
Equity, Since 31 Oct 19 | INFY5% ₹91 Cr 632,888
↓ -69,203 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK5% ₹90 Cr 571,005 Emami Ltd (Consumer Defensive)
Equity, Since 31 Jan 20 | 5311624% ₹80 Cr 1,515,715 Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 21 | 5244944% ₹78 Cr 890,473 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Aug 21 | CHOLAFIN4% ₹75 Cr 666,811 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Jun 22 | TATAMOTORS4% ₹74 Cr 1,239,019 Cipla Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5000874% ₹74 Cr 589,734
↓ -79,629 Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 22 | ALKEM4% ₹72 Cr 198,150
Therefore, it can be said on the above-mentioned pointers that, there exist numerous differences between both the schemes. As a result, individuals should be careful while choosing any of the schemes for investment. They should have a complete understanding of the scheme and check whether it suits their investment objectives. If required, people can also consult a financial advisor for an opinion. This will help individuals to attain their objectives on time and in a hassle-free manner.