Table of Contents
HDFC Equity Fund and Mirae Asset India Equity Fund both the schemes belong to the large-cap category of Equity Funds. Large cap funds invest their accumulated funds in shares of large-cap companies. The share prices of these companies do not fluctuate much as compared to mid-cap and small cap companies. Moreover, during downturns, investors try to flock their investments towards large cap companies. Also referred as bluechip companies these companies provide consistent returns and growth. Though both HDFC Equity Fund and Mirae Asset India Equity Fund belong to the same category of large-cap funds, nevertheless; there are a lot of differences in their performance, AUM, and other parameters. So, let us understand the differences between both the schemes through this article.
HDFC Mutual Fund manages the HDFC Equity Fund scheme. It is an open-ended scheme that invests its fund money in shares of large-sized companies. The scheme is in existence for more than 2 decades. The investment discipline of HDFC Equity Fund consists of focus on value, consistent focus on quality, controlled exposure to midcaps, and diversified yet focused approach towards Investing.
As on January 31, 2018, some of the shares that form part of HDFC Equity Fund include ICICI Bank Limited, Larsen & Toubro Limited, State Bank of India, and Reliance Industries Limited.
HDFC Equity Fund uses Nifty 500 Index as its benchmark to build its Portfolio.
Mirae Asset India Equity Fund (earlier known as Mirae Asset India Opportunities Fund) is an open-ended large-cap scheme which is in existence for nearly a decade. This scheme is managed by Mirae Asset Mutual Fund and uses S&P BSE 200 Index as a benchmark to construct its portfolio. The portfolio is constructed considering the core and tactical portions. The core portion ensures that investment in done in quality businesses while tactical portion ensures to take advantages of short-to-medium chances. The investment objective of this scheme is to attain Capital growth in the long term by capitalizing investment chances.
The Top 10 holdings that form part of the scheme’s portfolio as on January 2018, include Infosys Limited, Kotak Mahindra Bank Limited, Reliance Industries Limited, and Maruti Suzuki India Limited.
Though both the schemes belong to the same category however, there are a lot of differences between them based on different parameters such as AUM, Current NAV, performance, and other factors. So, let us compare and analyze the differences between both the schemes on various parameters which are divided into four sections, namely, Basics Section, Performance Section, Yearly Performance Section, and Other Details Section.
Basics Section is the first section of comparison between both the schemes. The comparable parameters that form part of this section include Current NAV, AUM, Scheme Category, expense ratio, Fincash Rating and many more.
As per Fincash Rating, it shows that Mirae Asset Mutual Fund’s scheme is a 5-Star scheme and HDFC Equity Fund is a 3-Star scheme.
With respect to the scheme’s category, both of them belong to the same category that is, Equity Large Cap. The summary 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 HDFC Equity Fund
Growth
Fund Details ₹1,304.66 ↑ 2.16 (0.17 %) ₹38,266 on 31 Jul 23 1 Jan 95 ☆☆☆ Equity Multi Cap 34 Moderately High 1.7 1.47 1.12 7.34 Not Available 0-1 Years (1%),1 Years and above(NIL) Mirae Asset India Equity Fund
Growth
Fund Details ₹86.522 ↑ 0.20 (0.23 %) ₹35,880 on 31 Jul 23 4 Apr 08 ☆☆☆☆☆ Equity Multi Cap 19 Moderately High 1.21 0.71 -0.42 0.94 Not Available 0-1 Years (1%),1 Years and above(NIL)
The Performance Section compares the Compounded Annual Growth Rate or CAGR Returns of both the schemes. This performance is compared at different time intervals such as 1 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. On a hindsight, it can be said that there is not much significant difference between the returns generated by both the schemes. At certain time frame, the returns generated by HDFC Equity Fund are higher while in others the returns of Mirae Asset India Equity Fund are higher. The table given below summarizes the performance of both the schemes.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch HDFC Equity Fund
Growth
Fund Details 1.5% 10.4% 16% 21.6% 29.7% 14.9% 18.5% Mirae Asset India Equity Fund
Growth
Fund Details -0.4% 7.4% 11.2% 11% 18.5% 11.4% 15.1%
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The Yearly Performance Section compares the absolute returns of both the schemes for a particular year. In case of yearly performance for certain years, there is not much difference in the returns generated by both the schemes while for some year it is. The summary of yearly performance section is tabulated as follows.
Parameters Yearly Performance 2022 2021 2020 2019 2018 HDFC Equity Fund
Growth
Fund Details 18.3% 36.2% 6.4% 6.8% -3.5% Mirae Asset India Equity Fund
Growth
Fund Details 1.6% 27.7% 13.7% 12.7% -0.6%
This is the last section in the comparison of both the schemes. The parameters forming part of Other Details Section include Minimum SIP Investment and Minimum Lumpsum Investment. The minimum SIP investment for both the schemes is different wherein; the SIP amount of HDFC Equity Fund is INR 500 and SIP amount of Mirae Asset India Equity Fund is INR 1,000. However, the minimum lumpsum amount is same for both the schemes is same, that is, INR 5,000.
The summary of both the scheme is tabulated as follows.
Mr. Rakesh Vyas and Mr. Prashant Jain together manage the HDFC Equity Fund.
The fund managers managing the scheme are Mr. Neelesh Surana and Mr. Harshad Borawake.
Parameters Other Details Min SIP Investment Min Investment Fund Manager HDFC Equity Fund
Growth
Fund Details ₹300 ₹5,000 Roshi Jain - 1.09 Yr. Mirae Asset India Equity Fund
Growth
Fund Details ₹1,000 ₹5,000 Gaurav Khandelwal - 1.87 Yr.
HDFC Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,342 31 Aug 20 ₹8,846 31 Aug 21 ₹13,908 31 Aug 22 ₹16,453 31 Aug 23 ₹19,676 Mirae Asset India Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,657 31 Aug 20 ₹10,148 31 Aug 21 ₹15,143 31 Aug 22 ₹15,481 31 Aug 23 ₹16,967
HDFC Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 6.33% Equity 92.16% Debt 1.52% Equity Sector Allocation
Sector Value Financial Services 34.56% Technology 11.45% Health Care 11.07% Industrials 9.45% Utility 6.46% Communication Services 5.74% Consumer Cyclical 5.66% Energy 4.14% Real Estate 3.37% Basic Materials 0.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK9% ₹3,614 Cr 23,000,000
↑ 2,300,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹3,576 Cr 37,300,000
↑ 1,500,000 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Nov 16 | 5325555% ₹1,961 Cr 89,000,000
↑ 500,000 Cipla Ltd Shs Dematerialised (Healthcare)
Equity, Since 30 Sep 12 | 5000875% ₹1,937 Cr 15,400,000
↑ 400,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN5% ₹1,909 Cr 34,000,000
↑ 500,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH5% ₹1,823 Cr 15,550,000
↑ 550,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL4% ₹1,713 Cr 20,000,000
↑ 875,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 20 | M&M4% ₹1,686 Cr 10,700,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Aug 20 | HAL4% ₹1,638 Cr 4,200,000 Infosys Ltd (Technology)
Equity, Since 31 Oct 08 | INFY4% ₹1,579 Cr 11,000,000
↓ -1,300,000 Mirae Asset India Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.61% Equity 99.38% Other 0% Equity Sector Allocation
Sector Value Financial Services 38.38% Technology 14.25% Consumer Cyclical 9.66% Industrials 7.69% Energy 7.18% Consumer Defensive 6.73% Health Care 5.08% Basic Materials 5.04% Communication Services 3.73% Utility 1.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK12% ₹4,339 Cr 27,612,961 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹3,271 Cr 34,112,984
↑ 1,787,511 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY7% ₹2,614 Cr 18,213,609
↓ -387,998 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE7% ₹2,533 Cr 10,525,409
↓ -142,905 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322155% ₹1,838 Cr 18,881,095
↑ 1,283,853 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,318 Cr 15,391,524 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹1,251 Cr 4,627,663 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN3% ₹1,172 Cr 20,871,555
↑ 1,168,204 HCL Technologies Ltd (Technology)
Equity, Since 31 May 21 | HCLTECH3% ₹979 Cr 8,349,203 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI3% ₹913 Cr 912,541
Thus, from the above pointers and parameters, it can be said that there is a lot of difference between both the schemes there is a difference between both the schemes. However, individuals need to be very careful before investing in any scheme by understanding the modalities of the scheme completely. They also need to verify whether the scheme’s approach is in-line with their investment objective or not. Moreover, they can even consult a financial advisor. This will help them to ensure that their money is safe as well as their objectives are attained on time.