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Fincash » DSPBR Equity Opportunities Fund Vs SBI Large and Midcap Fund

DSP BlackRock Equity Opportunities Fund VS SBI Large and Midcap Fund

Updated on November 13, 2019 , 51 views

DSP BlackRock Equity Opportunities Fund and SBI Large and Midcap Fund both belong to the category of diversified Equity Funds. Diversified Funds, in simple terms, are the schemes whose corpus is invested in schemes across market capitalization. In other words, these schemes invest their money in shares of large-cap, mid-cap and small cap stocks. On a general note, diversified funds invest around 40-60% of their fund money in shares of large-cap companies, 10-40% in mid-cap companies and the remaining portion of the fund money in small-cap stocks. Diversified funds are also known as Multicap or Flexicap funds. These schemes adopt a value or growth style Investing strategy. Though both DSP BlackRock Equity Opportunities Fund and SBI Large and Midcap Fund belong to the same category, yet they differ on account of numerous parameters. So, let’s understand the differences between both the schemes based on these parameters.

DSP BlackRock Equity Opportunities Fund (Erstwhile DSP BlackRock Opportunities Fund)

Being a part of DSP BlackRock Mutual Fund, the scheme’s objective is to attain capital appreciation over the long-term tenure by investing in a portfolio consisting of shares belonging to the large and mid-cap category. This scheme was launched in the month of May 2000. Some of the features of DSP BlackRock Equity Opportunities Fund are opportunistic investment approach, objective to adapt to changing market trends, and diversified portfolio of a combination of large and mid-cap stocks. As on March 31, 2018, some of the top holdings of DSP BlackRock Equity Opportunities Fund include HDFC Bank Limited, ICICI Bank Limited, State Bank of India, Tata Steel Limited, and HCL Technologies Limited. DSP BlackRock Equity Opportunities Fund (earlier known as DSP BlackRock Opportunities Fund) is jointly managed by Mr. Rohit Singhania and Mr. Jay Kothari.

SBI Large and Midcap Fund (Erstwhile SBI Magnum Multiplier Fund)

SBI Large and Midcap Fund (earlier known as SBI Magnum Multiplier Fund) is a part of SBI Mutual Fund that uses S&P BSE 200 Index as its portfolio to construct its portfolio.SBI Large and Midcap Fund is suitable for investors seeking for capital appreciation along with an investment horizon of long-term. This scheme is solely managed by Mr. Saurabh Pant. This scheme invests its accumulated fund money in shares of large-cap, mid-cap and small-cap companies. As on March 31, 2018, some of the top 10 holdings of SBI Large and Midcap Fund consisted of ICICI Bank Limited, HDFC Bank Limited, Jubilant Foodworks Limited, and Mahindra & Mahindra Financial Services Limited. Based on the Asset Allocation objective of the scheme, it invests a minimum of 70% of its fund money in equity and equity-related instruments and the remaining proportion will be invested in fixed income and money market instruments.

DSP BlackRock Equity Opportunities Fund Vs SBI Large and Midcap Fund

Both DSP BlackRock Equity Opportunities Fund and SBI Large and Midcap Fund belong to the same category of diversified fund. However, there are numerous differences between them. So, let us analyze the differences between both the schemes on the basis of four sections given below.

Basics Section

Being the first section, it compares parameters such as current NAV, scheme category, and Fincash Rating. With respect to the NAV, it can be said that both the schemes differ. As on April 26, 2018, the NAV of DSP BlackRock Equity Opportunities Fund was around INR 220 while of SBI Large and Midcap Fund was approximately INR 216. About scheme category, it can be said that both the schemes belong to the same category of Equity Diversified. However, with respect to the Fincash Rating also, both the schemes differ. Based on Fincash Rating, it can be said that DSP BlackRock Mutual Fund’s scheme is rated as a 5-Star scheme and SBI Mutual Fund’s scheme is rated as a 4-Star scheme. The summary of the 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
₹230.281 ↑ 0.89   (0.39 %)
₹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)
SBI Large and Midcap Fund
Growth
Fund Details
₹225.642 ↑ 0.57   (0.25 %)
₹2,659 on 30 Sep 19
25 May 05
Equity
Large & Mid Cap
20
Moderately High
2.56
0.17
-0.28
3.29
Not Available
0-12 Months (1%),12 Months and above(NIL)

Performance Section

Compounded Annual Growth Rate or CAGR returns is the comparable parameter forming part of the basics section. The CAGR returns are compared at different time intervals such as 1 Month Return, 6 Month Return, 3 Year Return, and Return since Inception. The comparison of performance section shows that in certain instances, DSP BlackRock Equity Opportunities Fund leads the race while in others SBI Large and Midcap Fund leads the race. The table given below summarizes the comparison of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
4.2%
10.4%
10.5%
11.8%
11.3%
10.5%
17.5%
SBI Large and Midcap Fund
Growth
Fund Details
5.3%
9.3%
7.2%
9%
12%
9.7%
16.9%

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Yearly Performance Section

The comparison of the absolute returns for a particular year earned by both the schemes is done in the yearly performance section. The comparison of absolute returns states that in certain years SBI Large and Midcap Fund has done better while in others, DSP BlackRock Equity Opportunities Fund has done better. The table given below shows the summary comparison of the absolute returns 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%
SBI Large and Midcap Fund
Growth
Fund Details
-5.3%
40.5%
0.4%
11.1%
48.3%

Other Details Section

Being the last section in the comparison, it includes parameters such as AUM, minimum SIP investment, and minimum lumpsum investment. The minimum SIP investment for both the schemes is same, that is, INR 500. However, the minimum lumpsum investment is different for both the schemes. the lumpsum amount in case of DSP BlackRock Equity Opportunities Fund is INR 1,000 and SBI Large and Midcap Fund is INR 5,000. The comparison of AUM also indicates a difference between both the schemes. the AUM of DSP BlackRock Mutual Fund’s scheme is around INR 5,069 Crores while of SBI Large and Midcap Fund is around INR 2,157 Crores. The summary comparison of the other details 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.
SBI Large and Midcap Fund
Growth
Fund Details
₹500
₹5,000
Saurabh Pant - 2.64 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
31 Oct 14₹10,000
31 Oct 15₹10,741
31 Oct 16₹13,100
31 Oct 17₹16,108
31 Oct 18₹14,707
31 Oct 19₹16,918
Growth of 10,000 investment over the years.
SBI Large and Midcap Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,276
31 Oct 16₹12,859
31 Oct 17₹15,281
31 Oct 18₹14,690
31 Oct 19₹16,207

Detailed Assets & Holdings Comparison

Asset Allocation
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
Asset ClassValue
Cash3.07%
Equity96.92%
Debt0%
Equity Sector Allocation
SectorValue
Financial Services36.49%
Basic Materials9.87%
Industrials8.94%
Energy7.91%
Technology7.73%
Health Care6.92%
Consumer Cyclical6.67%
Consumer Defensive4.19%
Utility3.65%
Real Estate2.3%
Communication Services2.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
9%₹502 Cr4,077,569
↓ -133,587
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
8%₹446 Cr9,625,806
↓ -2,232,463
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹236 Cr3,202,098
↓ -828,524
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 16 | RELIANCE
4%₹213 Cr1,452,018
↓ -190,957
Infosys Ltd (Technology)
Equity, Since 28 Feb 18 | INFY
3%₹196 Cr2,858,740
↑ 1,849,515
Kansai Nerolac Paints Ltd (Basic Materials)
Equity, Since 30 Nov 17 | 500165
3%₹169 Cr3,039,360
↑ 97,396
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
3%₹160 Cr
State Bank of India (Financial Services)
Equity, Since 30 Sep 19 | SBIN
3%₹158 Cr5,050,559
↑ 3,177,114
Coromandel International Ltd (Basic Materials)
Equity, Since 30 Nov 16 | 506395
3%₹145 Cr3,048,851
Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 19 | HINDPETRO
3%₹141 Cr4,341,403
↑ 670,171
Asset Allocation
SBI Large and Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash0.5%
Equity99.5%
Equity Sector Allocation
SectorValue
Financial Services32.54%
Consumer Cyclical20.39%
Industrials12.44%
Basic Materials10.79%
Technology5.4%
Health Care4.16%
Consumer Defensive4.13%
Energy3.5%
Utility3.29%
Communication Services2.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
6%₹157 Cr2,295,000
↑ 795,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
6%₹152 Cr3,500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 11 | HDFCBANK
6%₹147 Cr1,200,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | 500850
4%₹104 Cr6,500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 18 | LT
4%₹96 Cr650,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 09 | SBIN
4%₹95 Cr3,500,000
PI Industries Ltd (Basic Materials)
Equity, Since 30 Sep 18 | PIIND
3%₹82 Cr626,555
Infosys Ltd (Technology)
Equity, Since 30 Apr 18 | INFY
3%₹81 Cr1,000,000
Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 31 Oct 16 | JUBLFOOD
3%₹78 Cr574,177
JK Cement Ltd (Basic Materials)
Equity, Since 31 Dec 18 | JKCEMENT
3%₹74 Cr705,472

As a result, from the above-mentioned pointers, it can be said that both the schemes differ on account of numerous parameters. Therefore, individuals should pay extra caution before investing in any of the schemes. They should check whether the scheme matches their investment objective or not and understand its modalities completely. This will help them to achieve their goals on time along with ensuring their investment is safe.

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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