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Fincash » ICICI Prudential Bluechip Fund Vs DSPBR Focus Fund

ICICI Prudential Bluechip Fund Vs DSP BlackRock Focus Fund

Updated on February 16, 2020 , 132 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
₹44.34 ↓ -0.14   (-0.32 %)
₹25,025 on 31 Dec 19
23 May 08
Equity
Large Cap
21
Moderately High
2.13
0.62
-0.65
-1.29
Not Available
0-1 Years (1%),1 Years and above(NIL)
DSP BlackRock Focus Fund
Growth
Fund Details
₹25.847 ↑ 0.28   (1.10 %)
₹2,051 on 31 Dec 19
10 Jun 10
Equity
Focused
27
Moderately High
2.17
0.97
-0.32
5.37
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
-1.9%
1.6%
9.7%
15%
9.9%
7.7%
13.5%
DSP BlackRock Focus Fund
Growth
Fund Details
-1.6%
2.8%
16.6%
25.3%
9.8%
7.7%
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 Performance2019
2018
2017
2016
2015
ICICI Prudential Bluechip Fund
Growth
Fund Details
9.8%
-0.8%
32.7%
7.7%
-0.2%
DSP BlackRock Focus Fund
Growth
Fund Details
18%
-5.6%
29.2%
6.1%
2%

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 - 2.47 Yr.
DSP BlackRock Focus Fund
Growth
Fund Details
₹500
₹1,000
Gopal Agrawal - 1.25 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 Jan 15₹10,000
31 Jan 16₹8,930
31 Jan 17₹10,583
31 Jan 18₹13,749
31 Jan 19₹13,081
31 Jan 20₹14,473
Growth of 10,000 investment over the years.
DSP BlackRock Focus Fund
Growth
Fund Details
DateValue
31 Jan 15₹10,000
31 Jan 16₹9,054
31 Jan 17₹10,863
31 Jan 18₹13,387
31 Jan 19₹12,029
31 Jan 20₹14,704

Detailed portfolio Comparison

Asset Allocation
ICICI Prudential Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash7.52%
Equity92.17%
Other0.3%
Equity Sector Allocation
SectorValue
Financial Services32.6%
Technology9.84%
Consumer Cyclical8.07%
Energy7.36%
Consumer Defensive7.36%
Basic Materials7.26%
Industrials4.56%
Communication Services4.54%
Utility4.52%
Health Care2.07%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
11%₹2,724 Cr
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
9%₹2,128 Cr16,731,180
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK
7%₹1,832 Cr34,000,000
Net Current Assets
Net Current Assets | -
6%-₹1,572 Cr
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
6%₹1,535 Cr20,997,844
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
5%₹1,209 Cr16,033,536
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
4%₹1,024 Cr22,455,749
Future on Nifty 50 Index
- | -
4%₹999 Cr816,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
4%₹952 Cr6,285,943
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFC
4%₹890 Cr3,687,165
Asset Allocation
DSP BlackRock Focus Fund
Growth
Fund Details
Asset ClassValue
Cash0.77%
Equity99.23%
Equity Sector Allocation
SectorValue
Financial Services47.31%
Basic Materials14%
Technology8.6%
Industrials8.29%
Energy7.2%
Consumer Cyclical5.94%
Consumer Defensive3.58%
Health Care3.47%
Utility0.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
11%₹228 Cr4,230,390
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 14 | HDFCBANK
10%₹211 Cr1,661,848
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
7%₹146 Cr345,564
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 17 | RELIANCE
6%₹126 Cr829,463
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 17 | LT
5%₹108 Cr835,005
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 17 | 506395
5%₹93 Cr1,752,923
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 19 | 532215
5%₹93 Cr1,230,735
Whirlpool of India Ltd (Technology)
Equity, Since 31 Oct 16 | 500238
4%₹87 Cr365,511
↓ -14,749
ITC Ltd (Consumer Defensive)
Equity, Since 31 May 16 | ITC
4%₹73 Cr3,085,132
Infosys Ltd (Technology)
Equity, Since 31 Oct 19 | INFY
4%₹72 Cr981,934

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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