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 ₹109.06 ↓ -0.51 (-0.47 %) ₹80,962 on 31 Jul 26 23 May 08 ☆☆☆☆ Equity Large Cap 21 Moderately High 1.46 -0.3 0.67 -2.08 Not Available 0-1 Years (1%),1 Years and above(NIL) HDFC Equity Fund
Growth
Fund Details ₹2,072.45 ↓ -5.59 (-0.27 %) ₹110,736 on 31 Jul 26 1 Jan 95 ☆☆☆ Equity Multi Cap 34 Moderately High 1.44 0.01 0.88 0.8 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 -0.1% 3.4% -4.7% -1.6% 12.5% 12.2% 14% HDFC Equity Fund
Growth
Fund Details 1.4% 7.3% -1.1% 3.6% 16.9% 18% 18.4%
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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 2024 2023 2022 2021 2020 ICICI Prudential Bluechip Fund
Growth
Fund Details 11.3% 16.9% 27.4% 6.9% 29.2% HDFC Equity Fund
Growth
Fund Details 11.4% 23.5% 30.6% 18.3% 36.2%
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 Sankaran Naren - 0.48 Yr. HDFC Equity Fund
Growth
Fund Details ₹300 ₹5,000 Amit Ganatra - 0.5 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹11,027 31 Jul 23 ₹13,192 31 Jul 24 ₹18,392 31 Jul 25 ₹18,599 31 Jul 26 ₹18,597 HDFC Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹11,639 31 Jul 23 ₹14,554 31 Jul 24 ₹20,698 31 Jul 25 ₹21,879 31 Jul 26 ₹22,886
ICICI Prudential Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.31% Equity 94.69% Equity Sector Allocation
Sector Value Financial Services 30.18% Consumer Cyclical 13.78% Industrials 10.05% Basic Materials 8.09% Energy 7.41% Consumer Defensive 5.82% Health Care 5.01% Communication Services 4.7% Technology 4.17% Utility 3.83% Real Estate 1.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK9% ₹7,086 Cr 51,526,976
↓ -1,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK9% ₹6,937 Cr 86,941,473
↑ 200,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE6% ₹4,457 Cr 34,445,500
↑ 3,225,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT5% ₹3,617 Cr 8,729,906
↓ -1,345,750 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹3,373 Cr 25,064,059
↓ -2,625,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL4% ₹3,353 Cr 18,104,129 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI3% ₹2,598 Cr 1,840,675
↓ -225,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY3% ₹2,467 Cr 24,662,450
↑ 1,000,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | 5325383% ₹2,133 Cr 1,895,267
↑ 110,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 15 | SUNPHARMA3% ₹1,998 Cr 10,724,940
↓ -525,000 HDFC Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 3.28% Equity 96.24% Debt 0.48% Equity Sector Allocation
Sector Value Financial Services 36.28% Consumer Cyclical 17.05% Health Care 11.63% Industrials 10.05% Technology 4.72% Basic Materials 3.79% Utility 2.97% Communication Services 2.87% Real Estate 2.71% Energy 2.71% Consumer Defensive 1.46% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹9,771 Cr 71,055,082
↓ -476,492 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 17 | 5322157% ₹7,281 Cr 54,105,435 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK7% ₹7,214 Cr 90,407,730
↑ 1,773,610 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN4% ₹4,578 Cr 44,579,608 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Mar 21 | SBILIFE3% ₹3,696 Cr 20,930,184 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 12 | LT3% ₹3,679 Cr 8,878,007 InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Nov 24 | INDIGO3% ₹3,470 Cr 6,463,717
↑ 25,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Oct 23 | KOTAKBANK3% ₹3,469 Cr 88,448,215
↓ -2,551,785 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Dec 25 | ETERNAL3% ₹3,246 Cr 122,668,952
↑ 11,897,311 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 23 | MARUTI3% ₹3,181 Cr 2,253,697
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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