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Fincash » DSP BlackRock Equity Opportunities Fund Vs BNP Paribas Multi Cap Fund

DSP BlackRock Equity Opportunities Fund Vs BNP Paribas Multi Cap Fund

Updated on October 18, 2019 , 62 views

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 (Erstwhile DSP BlackRock Opportunities Fund)

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 (Erstwhile BNP Paribas Dividend Yield Fund)

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.

DSP BlackRock Equity Opportunities Fund Vs BNP Paribas Multi Cap Fund

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.

Basics Section

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
BasicsNAV
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
₹226.963 ↑ 2.41   (1.07 %)
₹5,489 on 30 Sep 19
16 May 00
Equity
Large & Mid Cap
4
Moderately High
2.42
0.38
0
6.56
Not Available
0-12 Months (1%),12 Months and above(NIL)
BNP Paribas Multi Cap Fund
Growth
Fund Details
₹47.913 ↑ 0.37   (0.79 %)
₹706 on 30 Sep 19
15 Sep 05
Equity
Multi Cap
18
Moderately High
2.78
0.38
-0.22
4.27
Not Available
0-12 Months (1%),12 Months and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
7.8%
5.2%
2.2%
14.3%
8.3%
12.2%
17.4%
BNP Paribas Multi Cap Fund
Growth
Fund Details
6.8%
3.1%
2.6%
11.2%
8.2%
10%
11.8%

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Yearly Performance Section

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 Performance2018
2017
2016
2015
2014
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
-9.2%
40.1%
11.2%
6.1%
45.4%
BNP Paribas Multi Cap Fund
Growth
Fund Details
-12%
42.6%
1.9%
6.7%
49.7%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
₹500
₹1,000
Rohit Singhania - 4.33 Yr.
BNP Paribas Multi Cap Fund
Growth
Fund Details
₹300
₹5,000
Abhijeet Dey - 2.65 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
DateValue
30 Sep 14₹10,000
30 Sep 15₹11,172
30 Sep 16₹13,382
30 Sep 17₹15,816
30 Sep 18₹15,806
30 Sep 19₹17,108
Growth of 10,000 investment over the years.
BNP Paribas Multi Cap Fund
Growth
Fund Details
DateValue
30 Sep 14₹10,000
30 Sep 15₹11,397
30 Sep 16₹12,304
30 Sep 17₹15,180
30 Sep 18₹14,452
30 Sep 19₹15,626

Detailed Assets & Holdings Comparison

Asset Allocation
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
Asset ClassValue
Cash2.96%
Equity97.04%
Debt0%
Equity Sector Allocation
SectorValue
Financial Services32.66%
Technology9.75%
Basic Materials9.7%
Consumer Cyclical9.68%
Industrials7.99%
Health Care7.96%
Consumer Defensive6.26%
Energy4.77%
Utility4.18%
Communication Services2.03%
Real Estate1.98%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
9%₹517 Cr4,211,156
↑ 775,354
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
9%₹514 Cr11,858,269
↑ 1,002,159
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
5%₹276 Cr4,030,622
↑ 999,469
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 16 | RELIANCE
4%₹219 Cr1,642,975
↑ 88,246
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
3%₹164 Cr
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 16 | LT
3%₹159 Cr1,076,196
↑ 267,164
Kansai Nerolac Paints Ltd (Basic Materials)
Equity, Since 30 Nov 17 | 500165
3%₹154 Cr2,941,964
↑ 200,275
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK
3%₹149 Cr908,939
↓ -187,963
Coromandel International Ltd (Basic Materials)
Equity, Since 30 Nov 16 | 506395
2%₹127 Cr3,048,851
↑ 335,220
Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 17 | ALKEM
2%₹121 Cr636,916
↓ -142,205
Asset Allocation
BNP Paribas Multi Cap Fund
Growth
Fund Details
Asset ClassValue
Cash5.92%
Equity94.08%
Equity Sector Allocation
SectorValue
Financial Services36.28%
Basic Materials15.42%
Consumer Defensive12.29%
Technology6.93%
Energy6.02%
Utility5.78%
Industrials5.66%
Consumer Cyclical4.37%
Communication Services2.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK
10%₹68 Cr554,000
↓ -26,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 18 | ICICIBANK
8%₹58 Cr1,338,000
↓ -232,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 18 | KOTAKBANK
4%₹30 Cr185,000
↑ 20,000
Net Receivables / (Payables)
Net Current Assets | -
4%₹30 Cr
Infosys Ltd (Technology)
Equity, Since 30 Sep 12 | INFY
4%₹28 Cr344,700
↓ -41,300
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 500696
4%₹26 Cr133,400
↑ 40,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹26 Cr374,000
↑ 75,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE
3%₹22 Cr167,000
↓ -10,000
Gujarat Gas Ltd (Utilities)
Equity, Since 31 Mar 17 | 539336
3%₹22 Cr1,240,653
↑ 60,000
ICICI Prudential Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | ICICIPRULI
3%₹21 Cr460,000
↓ -101,000

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.

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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