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Fincash » ICICI Prudential Bluechip Fund Vs DSPBR Focus Fund

ICICI Prudential Bluechip Fund Vs DSP BlackRock Focus Fund

Updated on November 19, 2019 , 90 views

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 (Erstwhile ICICI Prudential Focused Bluechip Equity Fund)

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 (Erstwhile DSP BlackRock Focus 25 Fund)

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.

ICICI Prudential Bluechip Fund Vs DSP BlackRock Focus Fund

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.

Basics Section

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
BasicsNAV
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
₹43.49 ↓ -0.26   (-0.59 %)
₹24,132 on 31 Oct 19
23 May 08
Equity
Large Cap
21
Moderately High
2.13
0.67
-0.54
-2.5
Not Available
0-1 Years (1%),1 Years and above(NIL)
DSP BlackRock Focus Fund
Growth
Fund Details
₹25.217 ↓ -0.10   (-0.38 %)
₹1,994 on 31 Oct 19
10 Jun 10
Equity
Focused
27
Moderately High
2.17
1.08
-0.61
4.22
Not Available
0-12 Months (1%),12 Months and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
ICICI Prudential Bluechip Fund
Growth
Fund Details
1.7%
8%
5.6%
8.2%
12.6%
8.8%
13.7%
DSP BlackRock Focus Fund
Growth
Fund Details
3.6%
13.4%
11.6%
16.4%
11.5%
9%
10.3%

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Yearly Performance Section

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 Performance2018
2017
2016
2015
2014
ICICI Prudential Bluechip Fund
Growth
Fund Details
-0.8%
32.7%
7.7%
-0.2%
41.1%
DSP BlackRock Focus Fund
Growth
Fund Details
-5.6%
29.2%
6.1%
2%
49.9%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹100
₹5,000
Rajat Chandak - 1.63 Yr.
DSP BlackRock Focus Fund
Growth
Fund Details
₹500
₹1,000
Gopal Agrawal - 0.66 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
ICICI Prudential Bluechip Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,145
31 Oct 16₹11,390
31 Oct 17₹14,008
31 Oct 18₹13,860
31 Oct 19₹15,321
Growth of 10,000 investment over the years.
DSP BlackRock Focus Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,950
31 Oct 16₹12,399
31 Oct 17₹14,210
31 Oct 18₹12,963
31 Oct 19₹15,714

Detailed portfolio Comparison

Asset Allocation
ICICI Prudential Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash5.96%
Equity93.93%
Debt0.01%
Other0.1%
Equity Sector Allocation
SectorValue
Financial Services32.1%
Technology10.52%
Consumer Cyclical7.91%
Basic Materials7.76%
Energy7.59%
Consumer Defensive6.57%
Industrials5.99%
Utility4.85%
Communication Services4.29%
Health Care1.94%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
9%₹2,156 Cr17,561,180
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
7%₹1,598 Cr19,840,238
↑ 1,721,850
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK
6%₹1,475 Cr34,000,000
Net Current Assets
Net Current Assets | -
5%-₹1,073 Cr
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
5%₹1,069 Cr15,601,708
↑ 4,748,917
Nifty 50 Index
- | -
5%₹1,064 Cr922,575
↑ 150,000
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Commercial Paper | -
4%₹999 Cr20,000
↑ 20,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
4%₹932 Cr25,396,804
Treps
CBLO/Reverse Repo | -
4%₹909 Cr
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
4%₹837 Cr6,285,943
↑ 403,056
Asset Allocation
DSP BlackRock Focus Fund
Growth
Fund Details
Asset ClassValue
Cash3.64%
Equity96.36%
Equity Sector Allocation
SectorValue
Financial Services45.86%
Basic Materials13.21%
Industrials9.4%
Technology7.77%
Energy7.28%
Consumer Cyclical6.2%
Consumer Defensive3.99%
Health Care3.5%
Utility0.86%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 14 | HDFCBANK
14%₹262 Cr2,133,378
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
10%₹183 Cr4,230,390
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
7%₹140 Cr345,564
↓ -35,717
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 17 | RELIANCE
7%₹134 Cr1,006,181
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 17 | LT
6%₹123 Cr835,005
ITC Ltd (Consumer Defensive)
Equity, Since 31 May 16 | ITC
4%₹80 Cr3,085,132
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
4%₹77 Cr
Whirlpool of India Ltd (Technology)
Equity, Since 31 Oct 16 | 500238
4%₹74 Cr393,321
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 17 | 506395
4%₹73 Cr1,752,923
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | MARUTI
4%₹71 Cr106,073
↓ -18,378

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.

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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