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Fincash » ICICI Prudential Bluechip Fund Vs HDFC Equity Fund

ICICI Prudential Bluechip Fund Vs HDFC Equity Fund

Updated on July 10, 2020 , 827 views

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 (Erstwhile ICICI Prudential Focused Bluechip Equity Fund)

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

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.

ICICI Prudential Bluechip Fund Vs HDFC Equity Fund

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.

Basics 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
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
₹39.43 ↓ -0.17   (-0.43 %)
₹21,821 on 30 Apr 20
23 May 08
Equity
Large Cap
21
Moderately High
2.13
-0.49
-0.48
-0.64
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Equity Fund
Growth
Fund Details
₹550.809 ↓ -4.60   (-0.83 %)
₹18,214 on 30 Apr 20
1 Jan 95
Equity
Multi Cap
34
Moderately High
2.08
-0.74
-0.52
-8.04
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
ICICI Prudential Bluechip Fund
Growth
Fund Details
5%
16.2%
-11.9%
-6.1%
2.6%
6.1%
12%
HDFC Equity Fund
Growth
Fund Details
3.3%
14.6%
-18.6%
-18.1%
-2.1%
3.3%
17%

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Yearly Performance Section

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 Performance2019
2018
2017
2016
2015
ICICI Prudential Bluechip Fund
Growth
Fund Details
9.8%
-0.8%
32.7%
7.7%
-0.2%
HDFC Equity Fund
Growth
Fund Details
6.8%
-3.5%
36.9%
7.3%
-5.1%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹100
₹5,000
Rajat Chandak - 2.97 Yr.
HDFC Equity Fund
Growth
Fund Details
₹500
₹5,000
Prashant Jain - 17.04 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
ICICI Prudential Bluechip Fund
Growth
Fund Details
DateValue
30 Jun 15₹10,000
30 Jun 16₹10,407
30 Jun 17₹12,325
30 Jun 18₹13,667
30 Jun 19₹14,902
30 Jun 20₹13,132
Growth of 10,000 investment over the years.
HDFC Equity Fund
Growth
Fund Details
DateValue
30 Jun 15₹10,000
30 Jun 16₹9,910
30 Jun 17₹12,291
30 Jun 18₹12,738
30 Jun 19₹15,075
30 Jun 20₹11,504

Detailed portfolio Comparison

Asset Allocation
ICICI Prudential Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash3.42%
Equity95.43%
Debt1.15%
Equity Sector Allocation
SectorValue
Financial Services27.41%
Technology11.16%
Consumer Defensive10.45%
Energy10.17%
Consumer Cyclical9.23%
Basic Materials7.72%
Communication Services6.49%
Utility4.55%
Industrials4.46%
Health Care3.3%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
9%₹1,911 Cr20,077,083
↓ -100,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
7%₹1,546 Cr22,379,992
↑ 282,114
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
6%₹1,320 Cr23,893,296
↓ -550,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
6%₹1,284 Cr8,767,738
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK
5%₹1,195 Cr36,008,976
↑ 492,131
Treps
CBLO/Reverse Repo | -
4%₹851 Cr
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 18 | 540719
3%₹713 Cr9,273,122
ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 08 | ITC
3%₹709 Cr35,949,369
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
3%₹691 Cr17,955,344
NTPC Ltd (Utilities)
Equity, Since 28 Feb 15 | 532555
3%₹666 Cr68,033,305
Asset Allocation
HDFC Equity Fund
Growth
Fund Details
Asset ClassValue
Cash0.69%
Equity99.3%
Other0.01%
Equity Sector Allocation
SectorValue
Financial Services31.48%
Energy14%
Industrials13.09%
Utility12.91%
Health Care8.57%
Consumer Defensive6.6%
Basic Materials5.91%
Technology5.83%
Communication Services0.54%
Consumer Cyclical0.16%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹1,589 Cr47,869,189
↑ 2,000,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 12 | LT
8%₹1,406 Cr15,085,993
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
7%₹1,219 Cr75,602,341
↑ 2,000,000
ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | ITC
7%₹1,154 Cr58,478,297
Infosys Ltd (Technology)
Equity, Since 31 Oct 08 | INFY
6%₹1,009 Cr14,597,239
↓ -2,443,700
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 13 | RELIANCE
5%₹954 Cr6,515,710
↓ -2,038,000
NTPC Ltd (Utilities)
Equity, Since 30 Nov 16 | 532555
5%₹865 Cr88,363,711
↑ 6,342,855
Coal India Ltd (Energy)
Equity, Since 31 Aug 18 | COALINDIA
4%₹774 Cr54,784,259
↑ 5,400,000
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Dec 14 | 532898
4%₹766 Cr48,602,838
↑ 7,838,500
Aurobindo Pharma Ltd (Healthcare)
Equity, Since 30 Sep 12 | AUROPHARMA
4%₹613 Cr8,217,944
↓ -1,662,351

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.

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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