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Fincash » HDFC Equity Vs Mirae Asset India Equity Fund

HDFC Equity Fund Vs Mirae Asset India Equity Fund

Updated on January 26, 2020 , 1116 views

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 Equity Fund

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 (Erstwhile Mirae Asset India Opportunities Fund)

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.

HDFC Equity Fund Vs Mirae Asset India Equity Fund

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

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
BasicsNAV
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
₹665.852 ↓ -5.09   (-0.76 %)
₹23,737 on 31 Dec 19
1 Jan 95
Equity
Multi Cap
34
Moderately High
2.08
0.28
-0.26
-2.74
Not Available
0-1 Years (1%),1 Years and above(NIL)
Mirae Asset India Equity Fund 
Growth
Fund Details
₹54.083 ↓ -0.31   (-0.57 %)
₹16,873 on 31 Dec 19
4 Apr 08
Equity
Multi Cap
19
Moderately High
2.17
0.84
0.31
1.02
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
HDFC Equity Fund
Growth
Fund Details
-1.3%
3.3%
1.7%
8.4%
9.1%
6%
18.2%
Mirae Asset India Equity Fund 
Growth
Fund Details
-0.7%
4.9%
7.6%
15.4%
13.2%
10.2%
15.4%

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Yearly Performance Section

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 Performance2019
2018
2017
2016
2015
HDFC Equity Fund
Growth
Fund Details
6.8%
-3.5%
36.9%
7.3%
-5.1%
Mirae Asset India Equity Fund 
Growth
Fund Details
12.7%
-0.6%
38.6%
8.1%
4.3%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
HDFC Equity Fund
Growth
Fund Details
₹500
₹5,000
Prashant Jain - 16.55 Yr.
Mirae Asset India Equity Fund 
Growth
Fund Details
₹1,000
₹5,000
Harshad Borawake - 2.67 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
HDFC Equity Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹9,491
31 Dec 16₹10,181
31 Dec 17₹13,933
31 Dec 18₹13,441
31 Dec 19₹14,359
Growth of 10,000 investment over the years.
Mirae Asset India Equity Fund 
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹10,425
31 Dec 16₹11,269
31 Dec 17₹15,616
31 Dec 18₹15,517
31 Dec 19₹17,491

Detailed Assets & Holdings Comparison

Asset Allocation
HDFC Equity Fund
Growth
Fund Details
Asset ClassValue
Cash1.36%
Equity98.63%
Other0.01%
Equity Sector Allocation
SectorValue
Financial Services38.35%
Industrials13.34%
Energy12.45%
Utility9.81%
Technology9.02%
Consumer Defensive5.37%
Health Care5.34%
Basic Materials4.69%
Consumer Cyclical0.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
10%₹2,388 Cr71,560,381
↓ -1,168,462
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹2,277 Cr42,259,189
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 12 | LT
8%₹1,918 Cr14,771,993
↑ 500,000
Infosys Ltd (Technology)
Equity, Since 31 Oct 08 | INFY
6%₹1,413 Cr19,319,439
↑ 1,000,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 13 | RELIANCE
6%₹1,320 Cr8,718,267
↓ -1,420,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK
5%₹1,194 Cr9,383,344
ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | ITC
5%₹1,081 Cr45,497,261
↑ 2,280,000
NTPC Ltd (Utilities)
Equity, Since 30 Nov 16 | 532555
4%₹936 Cr78,580,856
↑ 1,698,621
Coal India Ltd (Energy)
Equity, Since 31 Aug 18 | COALINDIA
4%₹864 Cr40,874,259
↑ 5,767,000
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Apr 18 | 500547
3%₹771 Cr15,692,785
↓ -1,690,397
Asset Allocation
Mirae Asset India Equity Fund 
Growth
Fund Details
Asset ClassValue
Cash3.34%
Equity96.66%
Equity Sector Allocation
SectorValue
Financial Services38.27%
Energy10.03%
Technology9.2%
Industrials9.08%
Consumer Cyclical8.7%
Consumer Defensive8.61%
Health Care6.15%
Basic Materials2.92%
Utility2.25%
Communication Services1.46%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹1,540 Cr12,102,579
↑ 124,219
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹1,224 Cr22,709,454
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
6%₹989 Cr6,535,191
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
5%₹851 Cr11,641,597
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
5%₹810 Cr24,281,723
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
5%₹762 Cr5,872,454
↑ 767,188
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
4%₹729 Cr9,665,638
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹621 Cr26,118,817
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
3%₹546 Cr2,525,302
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
3%₹469 Cr1,945,463

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.

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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