Fincash » ICICI Prudential Bluechip Fund Vs HDFC Equity Fund
Table of Contents
ICICI Prudential Bluechip Fund and HDFC Equity Fund both belong to the large-cap category of equity fund. In simple terms, Large cap funds are those schemes who invest their corpus money in shares of large-cap companies having a Market capitalization of more than INR 10,000 Crores. Since these schemes invest their fund money in large businesses, they generally tend to give stable returns on a yearly Basis. In addition, the share prices of large-cap companies do not fluctuate much even during economic downturns. Even though ICICI Prudential Bluechip Fund and HDFC Equity Fund belong to the same category, yet; there are differences between them. So, let us understand the differences between these schemes by comparing numerous parameters such as AUM, NAV, and so on.
ICICI Prudential Bluechip Fund (earlier known as ICICI Prudential Focused Bluechip Equity Fund) is offered by ICICI Prudential Mutual Fund under the large-cap category. Some of the benefits of this scheme are it invests in stocks of companies having proven track-record, strong fundamentals, and are capable of delivering consistent long-term returns. This scheme also provides diversification for investors who wish to invest their money across various sectors. ICICI Prudential Bluechip Fund uses Nifty 50 Index as its benchmark to construct its Portfolio. This scheme is jointly managed by Mr. Sankaran Naren and Mr. Rajat Chandak. Maruti Suzuki India Limited, Motherson Sumi Systems Limited, Larsen & Toubro Limited, and ITC Limited are some of the top constituents of ICICI Prudential Bluechip Fund’s portfolio as on March 31, 2018.
HDFC Equity Fund is also a large-cap fund of HDFC Mutual Fund that was launched on January 01, 1995. This scheme is suitable for individuals seeking for long-term Capital growth by Investing in shares of equity and equity-related instruments mainly of large-sized companies. HDFC Equity Fund uses NIFTY 500 Index as its primary benchmark and NIFTY 50 as its additional benchmark to construct its portfolio. Mr. Rakesh Vyas and Mr. Prashant Jain jointly manage the HDFC Equity Fund. Some of the top constituents of HDFC Equity Fund as on March 31, 2018, include State Bank of India, Reliance Industries Limited, Infosys Limited, Larsen & Toubro Limited, and Gail (India) Limited. The investment philosophy of HDFC Equity Fund is to have a preference for strong and growing companies and efficient diversification of the portfolio.
Though both ICICI Prudential Bluechip Fund and HDFC Equity Fund belong to the same category, yet; there are differences between them. So, let us understand the differences between these schemes through four sections, namely, basics section, performance section, yearly performance section, and other details section.
It is the first section in the comparison that includes parameters such as current NAV, scheme category, and Fincash Rating. The comparison of current NAV of both the schemes reveals that there is a drastic difference between the NAV of them. As on April 24, 2018, the NAV of ICICI Prudential Mutual Fund’s scheme is approximately INR 40 while of HDFC Mutual Fund’s scheme is around INR 616. With respect to Fincash Rating, it can be said that, ICICI Prudential Bluechip Fund is rated as 4-star while HDFC Equity Fund is rated as 3-Star. Comparing the scheme category, it can be said that both the schemes belong to the same category of Equity Large Cap. The comparison 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 ICICI Prudential Bluechip Fund
Growth
Fund Details ₹76.97 ↑ 0.30 (0.39 %) ₹40,286 on 31 Jul 23 23 May 08 ☆☆☆☆ Equity Large Cap 21 Moderately High 1.69 1.13 0.72 5.68 Not Available 0-1 Years (1%),1 Years and above(NIL) 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)
Compounded Annual Growth Rate or CAGR returns is the element compared in the performance section. This CAGR return is compared at different time intervals such as 1 Month Return, 6 Month Return, 5 Year Return, and Return Since Inception. The comparison of CAGR returns reveals that in many instances, ICICI Prudential Bluechip Fund has performed better as compared to HDFC Equity Fund. The table given below shows the summary comparison of the 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 0% 9.3% 11.6% 13.9% 22.3% 12.5% 14.3% HDFC Equity Fund
Growth
Fund Details 1.5% 10.4% 16% 21.6% 29.7% 14.9% 18.5%
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It is the third section, that compares the absolute returns generated by both the schemes for a particular year. The comparison of yearly performance section shows that for some years ICICI Prudential Bluechip Fund has done better while in others, HDFC Equity Fund has done better. The summary comparison of the yearly performance section is shown below 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% HDFC Equity Fund
Growth
Fund Details 18.3% 36.2% 6.4% 6.8% -3.5%
It is the last section in the comparison that compares elements such as AUM, Minimum SIP and lumpsum investment. The minimum lumpsum amount for both the schemes is same, that is, INR 5,000. However, the minimum SIP investment for both the schemes is different. For ICICI Prudential Bluechip Fund, the SIP amount is INR 1,000 while for HDFC Equity Fund, it is INR 500. The comparison of AUM also reveals a difference between both the schemes. As on March 31, 2018, the AUM of ICICI Prudential Bluechip Fund is approximately INR 16,102 Crores while of HDFC Equity Fund is INR 20,381 Crores. The summary comparison of other details section is tabulated as follows.
Parameters Other Details Min SIP Investment Min Investment Fund Manager ICICI Prudential Bluechip Fund
Growth
Fund Details ₹100 ₹5,000 Anish Tawakley - 4.99 Yr. HDFC Equity Fund
Growth
Fund Details ₹300 ₹5,000 Roshi Jain - 1.09 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹10,444 30 Sep 20 ₹10,079 30 Sep 21 ₹16,008 30 Sep 22 ₹16,164 30 Sep 23 ₹19,568 HDFC Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹10,479 30 Sep 20 ₹9,099 30 Sep 21 ₹16,011 30 Sep 22 ₹17,383 30 Sep 23 ₹21,771
ICICI Prudential Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 10.25% Equity 89.75% Equity Sector Allocation
Sector Value Financial Services 27.23% Energy 10.57% Technology 10.16% Consumer Cyclical 9.94% Industrials 9.21% Basic Materials 5.84% Consumer Defensive 5.29% Health Care 4.43% Communication Services 4.08% Utility 1.96% Real Estate 1.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK9% ₹3,798 Cr 39,610,273 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT8% ₹3,019 Cr 11,169,307 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE7% ₹2,849 Cr 11,835,968
↓ -279,789 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY6% ₹2,385 Cr 16,615,770 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹2,370 Cr 15,080,693 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322155% ₹1,972 Cr 20,257,122 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | ULTRACEMCO4% ₹1,588 Cr 1,913,823 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL4% ₹1,455 Cr 16,990,151
↑ 1,086,101 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI4% ₹1,448 Cr 1,447,384
↑ 59,838 ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 08 | ITC2% ₹825 Cr 18,766,699
↓ -3,185,600 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
Therefore, it can be concluded in a nutshell that, both the schemes differ on account of various parameters. Consequently, individuals should be very cautious while selecting any of the schemes for investment. They should understand the modalities of the scheme completely and check whether the scheme matches their investment objective or not. Additionally, if required, individuals can also consult an opinion from a financial advisor. This will help them to attain their objectives within their given investment tenure along with ensuring the safety of their investment.
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