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Fincash » DSP BlackRock US Flexible Equity Fund Vs ICICI Prudential US Bluechip Equity Fund

DSP BlackRock US Flexible Equity Fund Vs ICICI Prudential US Bluechip Equity Fund

Updated on November 19, 2019 , 123 views

DSP BlackRock US Flexible Equity Fund Vs ICICI Prudential US Bluechip Equity Fund is a comparison between two same fund category. The idea here is to compare two good performing schemes within the same category so that the investors find a way for a better investment decision. In this case, both the funds belong to the global category of Equity Funds. global fund are a type of Mutual Funds that invest across countries, including the U.S. These funds primarily invest in companies, which are spread across the world. The aim of the funds is to diversify holdings in different parts of the world. So let's see the difference between DSP BlackRock US Flexible Equity Fund and ICICI Prudential US Bluechip in regards to certain important parameters like AUM, NAV, past performance, minimum SIP/lump sum investment, etc.

DSP BlackRock US Flexible Equity Fund

DSP BlackRock US Flexible Equity Fund was launched in the year 2012. The fund aims to seek capital appreciation by Investing in units of BGF – USFEF. The scheme may, at the discretion of the investment manager also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. To attain liquidity requirement, the scheme may invest a portion in money market securities/liquid schemes of DSP BlackRock Mutual Fund.

The three top holdings of the scheme (as on 30th June'18) include BGF US Flexible Equity I2 USD, Cblo / Reverse Repo Investments and Net Receivables/Payables.

ICICI Prudential US Bluechip Equity Fund

ICICI Prudential US Bluechip Equity Fund was launched in the year 2012. The objective of this fund is to provide long term capital appreciation to investors by investing in equity and related securities (including ADRs/GDRs issued by Indian and foreign companies) of companies listed on New York Stock Exchange and/or NASDAQ.

Some of the top holdings of the fund as on 30th June 2018 are Amazon.com Inc, Cblo, Alphabet Inc C, Merck & Co Inc, Mondelez International Inc Class A, etc.

DSP BlackRock US Flexible Equity Fund Vs ICICI Prudential US Bluechip Equity Fund

Both DSP BlackRock US Flexible Equity Fund and ICICI Prudential US Bluechip Equity 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.

Basics Section

Fincash Rating, scheme category current NAV, AUM, etc., 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 global-equity fund.

With respect to Fincash Rating, it can be said that DSP BlackRock's scheme is rated as 5-star and ICICI Prudential's scheme is rated as 4-star. The summary comparison 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 US Flexible Equity Fund
Growth
Fund Details
₹27.2149 ↓ -0.11   (-0.42 %)
₹245 on 31 Oct 19
3 Aug 12
Equity
Global
3
High
1.97
0.02
-0.67
-6.63
Not Available
0-12 Months (1%),12 Months and above(NIL)
ICICI Prudential US Bluechip Equity Fund
Growth
Fund Details
₹31.15 ↓ -0.11   (-0.35 %)
₹346 on 31 Oct 19
6 Jul 12
Equity
Global
7
High
2.08
0.49
0.06
1.96
Not Available
0-3 Months (3%),3-12 Months (1%),12 Months and above(NIL)

Performance Section

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 as 3 Month Return, 3 Year Return, 5 Year Return, and Return since Inception. The comparison of the performance section shows that both the schemes have performed closely. The table given below shows the summary comparison of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
DSP BlackRock US Flexible Equity Fund
Growth
Fund Details
5%
9%
11.3%
10.3%
13.6%
11%
14.8%
ICICI Prudential US Bluechip Equity Fund
Growth
Fund Details
6.9%
11.1%
15.7%
18.5%
16.6%
12.2%
16.7%

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Yearly Performance Section

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 DSP BlackRock US Flexible Equity Fund has slightly performed better than ICICI Prudential US Bluechip Equity Fund. The performance of the yearly performance section is as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
DSP BlackRock US Flexible Equity Fund
Growth
Fund Details
-1.1%
15.5%
9.8%
2.5%
13.1%
ICICI Prudential US Bluechip Equity Fund
Growth
Fund Details
5.2%
14.1%
11.6%
0.7%
12.7%

Other Details Section

The comparison in this section includes elements such as minimum SIP investment and minimum lump sum investment. The minimum SIP and lump sum value for both the scheme is different. In case of DSP BlackRock US Flexible Equity Fund, the minimum SIP is INR 500 and the lump sum investment amount is INR 1,000. While in case of ICICI Prudential US Bluechip Equity Fund, the minimum SIP amount is INR 1,000 and for lump sum

DSP BlackRock US Flexible Equity Fund is managed jointly by Kedar Karnik, Laukik Bagwe and Jay Kothari.

ICICI Prudential US Bluechip Equity Fund is jointly managed by Rohan Maru and Priyanka Khandelwal.

The table given below summarizes the comparison of the other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
DSP BlackRock US Flexible Equity Fund
Growth
Fund Details
₹500
₹1,000
Kedar Karnik - 2.87 Yr.
ICICI Prudential US Bluechip Equity Fund
Growth
Fund Details
₹100
₹5,000
Rohan Maru - 5.37 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
DSP BlackRock US Flexible Equity Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,899
31 Oct 16₹10,996
31 Oct 17₹13,444
31 Oct 18₹16,057
31 Oct 19₹16,419
Growth of 10,000 investment over the years.
ICICI Prudential US Bluechip Equity Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,390
31 Oct 16₹10,721
31 Oct 17₹12,657
31 Oct 18₹15,541
31 Oct 19₹17,401

Detailed Portfolio Comparison

Asset Allocation
DSP BlackRock US Flexible Equity Fund
Growth
Fund Details
Asset ClassValue
Cash3.9%
Equity96.1%
Equity Sector Allocation
SectorValue
Technology28.03%
Health Care13.01%
Financial Services12.53%
Consumer Defensive11.15%
Consumer Cyclical10.54%
Communication Services7.4%
Energy5.05%
Industrials4.72%
Basic Materials2.16%
Utility1.49%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
BGF US Flexible Equity I2 USD
Investment Fund | -
96%₹228 Cr1,346,224
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
4%₹10 Cr
Net Receivables/Payables
Net Current Assets | -
0%₹0 Cr
Asset Allocation
ICICI Prudential US Bluechip Equity Fund
Growth
Fund Details
Asset ClassValue
Cash2.8%
Equity97.2%
Equity Sector Allocation
SectorValue
Technology23.42%
Health Care18.13%
Consumer Cyclical13.02%
Industrials12.68%
Consumer Defensive12.1%
Financial Services10.69%
Utility2.58%
Energy2.39%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
5%₹17 Cr
Amazon.com Inc (Consumer Cyclical)
Equity, Since 30 Jun 16 | AMZN
5%₹16 Cr1,296
↑ 205
Kellogg Co (Consumer Defensive)
Equity, Since 31 Dec 18 | K
4%₹12 Cr26,185
Intel Corp (Technology)
Equity, Since 30 Sep 18 | INTC
3%₹11 Cr29,659
Anheuser-Busch InBev SA/NV ADR (Consumer Defensive)
Equity, Since 30 Nov 18 | BUD
3%₹10 Cr14,441
↑ 2,928
Caterpillar Inc (Industrials)
Equity, Since 31 Dec 18 | CAT
3%₹10 Cr10,755
↑ 869
Philip Morris International Inc (Consumer Defensive)
Equity, Since 30 Jun 18 | PM
3%₹10 Cr17,768
Microchip Technology Inc (Technology)
Equity, Since 31 Dec 17 | MCHP
3%₹9 Cr13,265
Dominion Energy Inc (Utilities)
Equity, Since 31 Mar 18 | D
3%₹8 Cr14,598
Nike Inc B (Consumer Cyclical)
Equity, Since 30 Jun 19 | NKE
3%₹8 Cr12,560

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.

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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