Fincash » ICICI Prudential Bluechip Fund Vs DSPBR Focus Fund
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ICICI Prudential Bluechip Fund and DSP BlackRock Focus Fund cater to the large-cap category of Equity Funds. In simple terms, large-caps are a type of Mutual Fund whose corpus is invested in the stocks of companies having a Market capitalization of more than INR 10,000 Crores. These companies are also known as bluechip companies. Large-cap companies usually have big businesses and are reputed in their field that's why they tend to post steady growth on a yearly Basis. It is seen that even during Recession periods, the share prices of these companies tend to fluctuate less. However, both the scheme varies from each other. Investors planning to invest can understand the differences between them through this article and take the decision as per their needs.
ICICI Prudential Bluechip Fund (earlier known as ICICI Prudential Focused Bluechip Equity Fund) seeks to attain Capital appreciation in the long-term by Investing in stocks forming part of the large-cap domain. These stocks selected are a part of the top 200 stocks on the basis of market capitalization listed on the National Stock Exchange of India. In addition, these schemes have a proven track record, strong fundamentals, and capable of delivering consistent returns. ICICI Prudential Bluechip Fund follows a benchmark hugging strategy. By adopting this strategy, it ensures that the stocks are well diversified thereby reducing the concentration risk. ICICI Prudential Bluechip Fund is jointly managed by Mr. Sankaran Naren and Mr. Rajat Chandak. This scheme of ICICI Prudential Mutual Fund uses Nifty 50 Index as its base to build its Portfolio of assets.
DSP BlackRock Focus Fund (earlier known as DSP BlackRock Focus 25 Fund) is suitable for individuals seeking long-term capital growth from a concentrated portfolio consisting of equity and equity-related securities. However, the portfolio at any given point in time will hold a maximum of 30 companies. Based on the Asset Allocation objective of the scheme, it invests around 65-100% of its pooled money in equity and equity-related instruments while the remaining in debt and money market instruments. As on March 31, 2018, the top five holdings of DSP BlackRock Focus Fund are HDFC Bank Limited, Maruti Suzuki India Limited, Larsen & Toubro Limited, Reliance Industries Limited, and IndusInd Bank Limited. DSP BlackRock Focus Fund was incepted on June 10, 2010, and uses S&P BSE 200 TRI as its benchmark to construct its portfolio.
There are a number of differences between ICICI Prudential Bluechip Fund and DSP BlackRock Focus Fund though, they belong to the same category. So, let us analyze these differences that are classified into four sections, namely, basics section, performance section, yearly performance section, and other details section. These sections are explained as follows.
Being the first section in the comparison, it includes parameters such as Fincash Rating, current NAV, and scheme category. To begin with the Fincash Rating, it can be said that, ICICI Prudential Mutual Fund’s scheme is rated as a 4-Star scheme while DSP BlackRock Mutual Fund’s scheme is rated as a 3-Star scheme. With respect to scheme category, it can be said that both the schemes are part of Equity Large Cap category. The comparison of NAV reveals that there is a considerable difference between the NAV of both the schemes. As on May 02, 2015, the NAV of IICICI Prudential Bluechip Fund was approximately INR 40 while of DSPBR Focus Fund was approximately INR 22. The summary of basics section is 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 ICICI Prudential Bluechip Fund
Growth
Fund Details ₹66.51 ↑ 0.41 (0.62 %) ₹34,199 on 28 Feb 23 23 May 08 ☆☆☆☆ Equity Large Cap 21 Moderately High 1.72 0.07 0.49 3.07 Not Available 0-1 Years (1%),1 Years and above(NIL) DSP BlackRock Focus Fund
Growth
Fund Details ₹31.076 ↑ 0.29 (0.96 %) ₹1,785 on 28 Feb 23 10 Jun 10 ☆☆☆ Equity Focused 27 Moderately High 2.12 -0.17 -1.07 -1.36 Not Available 0-12 Months (1%),12 Months and above(NIL)
Being the second section in the comparison, it analyzes the differences in the CAGR or Compounded Annual Growth Rate returns between the schemes. These CAGR returns are compared at different intervals such as 1 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. The comparison of performance section states that, in almost all the instances, ICICI Prudential Bluechip Fund leads the race. The table given below states the comparison of performance section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch ICICI Prudential Bluechip Fund
Growth
Fund Details -1.1% -5% 3.2% 2.1% 28% 11.5% 13.6% DSP BlackRock Focus Fund
Growth
Fund Details -3.8% -5.5% -6.4% -4.3% 20.5% 7.3% 9.3%
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This section analyzes the differences in the absolute returns generated by both the schemes for a particular year. The comparison of absolute returns states that in certain years, ICICI Prudential Bluechip Fund leads the race while in others, DSP BlackRock Focus Fund leads the race. The summary comparison of the yearly performance section is tabulated as follows.
Parameters Yearly Performance 2022 2021 2020 2019 2018 ICICI Prudential Bluechip Fund
Growth
Fund Details 6.9% 29.2% 13.5% 9.8% -0.8% DSP BlackRock Focus Fund
Growth
Fund Details -4.5% 22.3% 9% 18% -5.6%
Being the last section in the comparison, it includes parameters such as AUM, minimum SIP investment, and minimum lumpsum investment. The comparison of AUM states a significant difference between both the schemes. As on March 31, 2018, the AUM of ICICI Prudential’s scheme was around INR 16,102 Crores while of DSP BlackRock’s scheme was nearly INR 2,830 Crores. The minimum SIP and lumpsum investment are also different both the schemes. For ICICI Prudential Bluechip Fund, the minimum SIP and lumpsum amounts are INR 1,000 and INR 5,000 respectively. Similarly, in case of DSP BlackRock Focus Fund, the SIP and lumpsum amounts are INR 500 and INR 1,000 respectively. The table given below summarizes the comparison of other details section.
Parameters Other Details Min SIP Investment Min Investment Fund Manager ICICI Prudential Bluechip Fund
Growth
Fund Details ₹100 ₹5,000 Anish Tawakley - 4.49 Yr. DSP BlackRock Focus Fund
Growth
Fund Details ₹500 ₹1,000 Vinit Sambre - 2.75 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹9,937 29 Feb 20 ₹10,290 28 Feb 21 ₹13,425 28 Feb 22 ₹15,942 28 Feb 23 ₹16,830 DSP BlackRock Focus Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹9,377 29 Feb 20 ₹10,685 28 Feb 21 ₹12,759 28 Feb 22 ₹14,162 28 Feb 23 ₹14,347
ICICI Prudential Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 8.85% Equity 91.15% Equity Sector Allocation
Sector Value Financial Services 31% Technology 11.37% Energy 10.49% Consumer Cyclical 8.32% Industrials 8.09% Basic Materials 5.82% Consumer Defensive 5.22% Health Care 4.24% Communication Services 3.87% Utility 2.06% Real Estate 0.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK9% ₹3,195 Cr 37,378,958 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE8% ₹2,744 Cr 11,816,214
↑ 74,409 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK7% ₹2,421 Cr 15,133,788 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY7% ₹2,275 Cr 15,291,074 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT7% ₹2,241 Cr 10,626,507 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322155% ₹1,862 Cr 22,057,209
↑ 48,222 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL3% ₹1,174 Cr 15,819,593 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI3% ₹1,166 Cr 1,352,033 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | ULTRACEMCO3% ₹1,084 Cr 1,492,427
↓ -24,149 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Apr 18 | SBILIFE2% ₹837 Cr 7,468,827 DSP BlackRock Focus Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.92% Equity 99.08% Equity Sector Allocation
Sector Value Financial Services 28.92% Technology 14.2% Consumer Cyclical 14.13% Basic Materials 11.79% Industrials 11.26% Health Care 9.91% Consumer Defensive 3.39% Real Estate 2.78% Utility 2.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK10% ₹174 Cr 2,040,040 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 22 | 5000347% ₹133 Cr 217,494 Infosys Ltd (Technology)
Equity, Since 31 Oct 19 | INFY6% ₹104 Cr 702,091
↓ -57,120 Tech Mahindra Ltd (Technology)
Equity, Since 30 Sep 19 | 5327555% ₹94 Cr 856,467 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | EICHERMOT5% ₹84 Cr 271,082 Cipla Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5000874% ₹78 Cr 857,353
↓ -87,885 Supreme Industries Ltd (Industrials)
Equity, Since 28 Feb 22 | 5099304% ₹65 Cr 234,412 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Aug 21 | CHOLAFIN4% ₹64 Cr 843,995 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Sep 17 | SBILIFE4% ₹63 Cr 565,472 Emami Ltd (Consumer Defensive)
Equity, Since 31 Jan 20 | 5311623% ₹61 Cr 1,515,715
Therefore, in a nutshell, it can be said that both the schemes differ on account of numerous parameters. Resultantly, individuals should be careful while investing their money in any of the schemes. They should understand the modalities of the scheme completely and ensure whether the scheme matches their investment objective or not. This will ensure that their objectives are met on time and ensure that their investment is safe.