Fincash » DSP BlackRock Equity Opportunities Fund Vs BNP Paribas Multi Cap Fund
Table of Contents
DSP BlackRock Equity Opportunities Fund and BNP Paribas Multi Cap Fund both the schemes are a part of diversified Equity Fund. Diversified Funds are also known as Multicap or Flexicap funds. These schemes invest their accumulated pooled money in stocks across Market capitalization such as large-cap, mid-cap, and Small cap funds. Diversified funds try to seek opportunities available in each market cap thereby; earning maximum returns for their investors. Diversified funds invest around 40-60% of their pooled money in Large cap funds, 10-40% in mid cap funds, and a maximum of 10% in small-cap funds. In some instances, the schemes might not invest in small-cap stocks. Though both DSP BlackRock Equity Opportunities Fund and BNP Paribas Multi Cap Fund belong to the same category there are differences between them. So, let have a detailed understanding of this differences through this article.
DSP BlackRock Equity Opportunities Fund (earlier known as DSP BlackRock Opportunities Fund) is suitable for long-term Capital appreciation by predominantly Investing in stocks of equity and equity-related securities forming part of the large and mid-cap domain. Based on the Asset Allocation objective of the scheme, it invests minimum 35% of its fund money in large-cap stocks and a minimum of 35% of its fund money in mid-cap stocks. Mr. Rohit Singhania and Mr. Jay Kothari are the joint fund managers of DSP BlackRock Equity Opportunities Fund. HDFC Bank Limited, ICICI Bank Limited, State Bank of India, Tata Steel Limited, and HCL Technologies Limited are the top five holdings of DSP BlackRock Equity Opportunities Fund as of March 31, 2018. The risk-appetite of DSP BlackRock Equity Opportunities Fund is moderately high and it uses Nifty 500 TRI index as its benchmark to construct its Portfolio.
BNP Paribas Multi Cap Fund (earlier known as BNP Paribas Dividend Yield Fund) is a part of BNP Paribas Mutual Fund and was launched in the month of September 2005. Based on the asset allocation objective of the scheme, it invests around 75% of its accumulated fund money in stocks of high dividend yield companies. 20% in stocks of companies that are not high dividend yield companies, and 5% in stocks of fixed Income and money market instruments. The investment objective of BNP Paribas Multi Cap Fund is to attain capital appreciation from a portfolio of stocks primarily being dividend yield stocks. Dividend Yield Stocks refers to the stocks of those companies having a dividend yield of more than 0.5% at the time of investment. This open-ended diversified fund of BNP Paribas Mutual Fund uses Nifty 200 TRI index as its base to build the portfolio of assets.
Though both DSP BlackRock Equity Opportunities Fund and BNP Paribas Multi Cap Fund belong to the same category, nevertheless; there exist numerous differences between them. So, let us understand the differences between these schemes that are categorized into four section explained as follows.
Current NAV, Fincash Rating, and Scheme Category are some of the comparable parameters forming part of this first section in the comparison. The comparison of NAV reveals that there is a significant difference between the NAV of both the schemes. the NAV of DSP BlackRock Equity Opportunities Fund was around INR 220 while of BNP Paribas Multi Cap Fund was nearly INR 47 as of May 02, 2018. With respect to Fincash Rating, it can be said that DSP BlackRock Equity Opportunities Fund is a 5-Star rated scheme while BNP Paribas Multi Cap Fund is a 4-Star rated scheme. On the Basis of scheme category, both the schemes are a part of Equity Diversified category. The comparison of 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 DSP BlackRock Equity Opportunities Fund
Growth
Fund Details ₹417.545 ↑ 2.25 (0.54 %) ₹8,691 on 31 Jul 23 16 May 00 ☆☆☆☆☆ Equity Large & Mid Cap 4 Moderately High 1.88 1.23 -0.84 1.51 Not Available 0-12 Months (1%),12 Months and above(NIL) BNP Paribas Multi Cap Fund
Growth
Fund Details ₹73.5154 ↓ -0.01 (-0.01 %) ₹588 on 31 Jan 22 15 Sep 05 ☆☆☆☆ Equity Multi Cap 18 Moderately High 2.44 2.86 0 0 Not Available 0-12 Months (1%),12 Months and above(NIL)
The comparison of Compounded Annual Growth Rate or CAGR returns at different timeframe is done in the performance section. Some of these timeframes include 6 Month Return, 3 Year Return, 5 Year Return, and Return since Inception. The comparison of performance section shows that in almost all the instances, DSPBR Equity Opportunities Fund has performed better. The comparison of the performance section is as follows.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch DSP BlackRock Equity Opportunities Fund
Growth
Fund Details 2.7% 12.4% 17.2% 19% 22.7% 13.1% 17.4% BNP Paribas Multi Cap Fund
Growth
Fund Details -4.4% -4.6% -2.6% 19.3% 17.3% 13.6% 12.9%
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Being the third section in the comparison, it analyzes the differences in the absolute returns generated by both the schemes for a particular year. The analysis of absolute returns states that in certain years, DSPBR Equity Opportunities Fund leads the race while in others, BNP Paribas Multi Cap Fund leads the race. The table given below summarizes the comparison of the yearly performance section.
Parameters Yearly Performance 2022 2021 2020 2019 2018 DSP BlackRock Equity Opportunities Fund
Growth
Fund Details 4.4% 31.2% 14.2% 11.4% -9.2% BNP Paribas Multi Cap Fund
Growth
Fund Details 0% 0% 0% 0% 0%
It is the last section in the comparison of the schemes. The comparable elements forming part of other details section include AUM, minimum SIP investment, minimum lumpsum investment, and other related ones. With respect to the minimum SIP investment, it can be said that the SIP amount is same for both the schemes, that is, INR 500. However, in case of lumpsum investment both the schemes differ. The lumpsum amount in case of DSPBR’s scheme is INR 1,000 and for BNP Paribas’s scheme is INR 5,000. There also exists a considerable difference in the AUM of both the schemes. As on March 31, 2018, the AUM of DSPBR Equity Opportunities Fund was around INR 5,069 Crores and of BNP Paribas Multi Cap Fund was around INR 797 Crores. The summary comparison of this section is tabulated as follows.
Parameters Other Details Min SIP Investment Min Investment Fund Manager DSP BlackRock Equity Opportunities Fund
Growth
Fund Details ₹500 ₹1,000 Rohit Singhania - 8.26 Yr. BNP Paribas Multi Cap Fund
Growth
Fund Details ₹300 ₹5,000
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,260 31 Aug 20 ₹9,822 31 Aug 21 ₹15,770 31 Aug 22 ₹15,804 31 Aug 23 ₹18,528 BNP Paribas Multi Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,482 31 Aug 20 ₹9,753 31 Aug 21 ₹15,567
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.34% Equity 95.66% Equity Sector Allocation
Sector Value Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK6% ₹539 Cr 5,619,518 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK4% ₹376 Cr 2,391,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | 5322154% ₹357 Cr 3,663,354
↑ 769,290 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹280 Cr 4,986,296
↓ -782,713 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M3% ₹257 Cr 1,634,455
↑ 75,228 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | 5328102% ₹217 Cr 8,355,012
↑ 3,051,019 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Nov 22 | HINDUNILVR2% ₹207 Cr 827,028
↑ 51,268 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 Jan 19 | 5031002% ₹180 Cr 1,000,892 Infosys Ltd (Technology)
Equity, Since 28 Feb 18 | INFY2% ₹176 Cr 1,224,091
↓ -92,973 NTPC Ltd (Utilities)
Equity, Since 31 Mar 19 | 5325552% ₹172 Cr 7,789,952
↑ 1,204,140 BNP Paribas Multi Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Equity Sector Allocation
Sector Value Top Securities Holdings / Portfolio
Name Holding Value Quantity
Therefore, to conclude in a nutshell, it can be said that both the schemes differ on a number of parameters. Resultantly, individuals investing in any of the schemes should be very cautious. They should check whether the scheme matches their investment objective or not. In addition, they should also understand the modalities of the scheme completely. If required, individuals can also consult the opinion of a financial advisor. This will help them to attain their objectives on time and in a hassle-free manner.
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