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Fincash » ICICI Pru Bluechip Fund Vs HDFC Top 100 Fund

ICICI Prudential Bluechip Fund Vs HDFC Top 100 Fund

Updated on February 19, 2024 , 3855 views

ICICI Prudential Bluechip Fund and HDFC Top 100 Fund both belong to the large-cap category of Equity Funds. These Mutual Fund schemes invest their pooled money in shares of large-cap companies having a Market capitalization of above INR 10,000 crores. Large-cap companies are considered to earn stable returns over a period of time. They also show steady growth. In case of economic downturns, individuals prefer to invest their money in large-cap companies. Though both ICICI Prudential Bluechip Fund and HDFC Top 100 Fund belong to the same category yet, there exist differences between them in terms of Current NAV, AUM, performance, and so on. So, let us look and understand the performances of both the schemes.

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 an open-ended Large cap fund that was launched on May 23, 2008. This scheme is managed by ICICI Prudential Mutual Fund. ICICI Prudential Bluechip Fund uses Nifty 50 Index as its benchmark index to construct its Portfolio. The scheme's objective is to attain growth in the Capital in the long-term by predominantly Investing in equity and equity-related instruments of companies belonging to the large-cap domain. The scheme follows a benchmark hugging strategy which ensures that the portfolio is well-diversified thereby reducing the overall risk. As on March 31, 2018, some of the constituents of the scheme’s portfolio included Maruti Suzuki India Limited, Eicher Motors Limited, ICICI Bank Limited, and Larsen & Toubro Limited.

HDFC Top 100 Fund (Erstwhile HDFC Top 200 Fund)

HDFC Top 100 Fund (earlier known as HDFC Top 200 Fund) is an open-ended Mutual Fund scheme offered by HDFC Mutual Fund under the large-cap category. This scheme was launched in the year 1996. For constructing the portfolio, HDFC Top 100 Fund uses S&P BSE 200 as its primary benchmark and S&P BSE Sensex as its additional benchmark. The objective of HDFC Top 100 Fund is to generate capital appreciation in the long-term from a portfolio of equity and equity-related instruments from the companies belonging to BSE 200 Index. The risk appetite of the scheme is moderately high. HDFC Top 100 Fund is jointly managed by Mr. Rakesh Vyas and Mr. Prashant Jain. Some of the top 10 constituents of HDFC Top 100’s portfolio as on March 31, 2018, consisted of, State Bank of India, Reliance Industries Limited, ITC Limited, and Tata Consultancy Services.

ICICI Prudential Bluechip Fund Vs HDFC Top 100 Fund

Though both ICICI Prudential Bluechip Fund and HDFC Top 100 Fund belong to the same category of large-cap schemes, yet, there exist differences between both of them. So, let us compare and analyze the differences between both the schemes based on various parameters that are divided into four sections. These sections are basics section, performance section, yearly performance section, and other details section.

Basics Section

The comparable elements forming part of the basics section include Current NAV, Fincash Ratings, and scheme category. With respect to the scheme category, it can be said that both the schemes belong to the same category, that is Equity Large Cap. The comparison of Fincash Ratings reveals that ICICI Prudential Bluechip Fund is a 4-star rated fund while HDFC Top 100 Fund is rated as 3-Star. Even the comparison of current NAV reveals that there is a significant difference between the NAV of both the schemes. As on April 16, 2018, the NAV of ICICI Prudential Bluechip Fund was approximately INR 40 while of HDFC Top 100 Fund is approximately INR 444. The comparison of basics section for both the schemes is summarized in the table given below.

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
₹93.65 ↓ -0.58   (-0.62 %)
₹49,838 on 31 Jan 24
23 May 08
Equity
Large Cap
21
Moderately High
1.69
2.15
1.08
8.23
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Top 100 Fund
Growth
Fund Details
₹1,007.87 ↓ -7.55   (-0.74 %)
₹30,980 on 31 Jan 24
11 Oct 96
Equity
Large Cap
43
Moderately High
1.77
1.99
1.09
6.69
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

Being the second section, here, the CAGR or Compounded Annual Growth Rate returns between both the schemes are compared. These returns are compared at different time intervals such as 3 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. The comparison of the performance section shows that at many of the time intervals, ICICI Mutual Fund’s scheme has performed better as compared to the scheme of HDFC Mutual 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
3.5%
15.7%
21.7%
35.7%
19.5%
19%
15.3%
HDFC Top 100 Fund
Growth
Fund Details
1.9%
13.8%
19.2%
34.3%
19.2%
17.3%
19.3%

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Yearly Performance Section

It is the third section in comparison of both the schemes. This section compares the absolute returns of both the schemes generated in one year. The comparison of yearly performance reveals that for certain years ICICI Prudential Bluechip Fund has performed better while in others HDFC Top 100 Fund has done well. The summary comparison of yearly performance section is tabulated as follows.

Parameters
Yearly Performance2023
2022
2021
2020
2019
ICICI Prudential Bluechip Fund
Growth
Fund Details
27.4%
6.9%
29.2%
13.5%
9.8%
HDFC Top 100 Fund
Growth
Fund Details
30%
10.6%
28.5%
5.9%
7.7%

Other Details Section

Being the last section in comparison, the various elements forming part of this section include AUM, minimum SIP investment, minimum lumpsum investment, and so on. With respect to the AUM comparison it can be said that, as on March 31, 2018, the AUM of ICICI Prudential Bluechip Fund is approximately INR 16,102 crores and of HDFC Top 100 Fund as on February 28, 2018, is approximately INR 15,250 crores. The minimum SIP investment amount is different for both the schemes. for ICICI Mutual Fund’s scheme the SIP amount is INR 1,000 and for HDFC Mutual Fund is INR 500. However, the lumpsum amount is same for both the schemes, that is, INR 500. The comparative summary of other details section for both the scheme is as shown in the table given below.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹100
₹5,000
Anish Tawakley - 5.41 Yr.
HDFC Top 100 Fund
Growth
Fund Details
₹300
₹5,000
Rahul Baijal - 1.51 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 19₹10,000
31 Jan 20₹11,064
31 Jan 21₹12,574
31 Jan 22₹16,598
31 Jan 23₹17,240
31 Jan 24₹23,022
Growth of 10,000 investment over the years.
HDFC Top 100 Fund
Growth
Fund Details
DateValue
31 Jan 19₹10,000
31 Jan 20₹10,435
31 Jan 21₹11,356
31 Jan 22₹14,956
31 Jan 23₹15,943
31 Jan 24₹21,349

Detailed Assets & Holdings Comparison

Asset Allocation
ICICI Prudential Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash8.61%
Equity91.39%
Equity Sector Allocation
SectorValue
Financial Services24.04%
Energy11.48%
Consumer Cyclical10.85%
Technology9.41%
Industrials9.4%
Basic Materials6.96%
Consumer Defensive5.72%
Health Care5.32%
Communication Services4.13%
Utility2.82%
Real Estate1.25%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK
8%₹4,038 Cr40,518,440
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
8%₹3,615 Cr13,985,153
↑ 2,072,378
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT
7%₹3,448 Cr9,777,398
↓ -791,100
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
6%₹2,654 Cr17,198,275
↑ 437,505
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | AXISBANK
5%₹2,249 Cr20,401,565
↑ 463,453
UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | ULTRACEMCO
5%₹2,165 Cr2,061,320
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI
4%₹1,987 Cr1,928,980
↑ 390,276
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
4%₹1,791 Cr17,348,738
↑ 358,587
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
3%₹1,659 Cr9,703,656
↓ -3,794,764
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 15 | SUNPHARMA
2%₹975 Cr7,743,881
↑ 1,846,544
Asset Allocation
HDFC Top 100 Fund
Growth
Fund Details
Asset ClassValue
Cash2.15%
Equity97.85%
Equity Sector Allocation
SectorValue
Financial Services35.55%
Energy10.86%
Technology9.68%
Consumer Defensive8.51%
Industrials7.51%
Health Care6.71%
Utility5.62%
Consumer Cyclical5.54%
Communication Services4.4%
Basic Materials3.47%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
9%₹2,799 Cr16,376,319
↑ 500,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 05 | ICICIBANK
9%₹2,755 Cr27,640,474
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 06 | RELIANCE
7%₹2,018 Cr7,806,781
↑ 355,000
NTPC Ltd (Utilities)
Equity, Since 30 Jun 15 | NTPC
6%₹1,701 Cr54,669,743
Infosys Ltd (Technology)
Equity, Since 31 Aug 04 | INFY
5%₹1,632 Cr10,579,648
↑ 1,050,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 06 | LT
5%₹1,487 Cr4,215,916
↑ 711,686
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC
5%₹1,464 Cr31,691,145
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 07 | AXISBANK
4%₹1,290 Cr11,702,714
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 20 | BHARTIARTL
4%₹1,231 Cr11,921,785
Coal India Ltd (Energy)
Equity, Since 30 Sep 17 | COALINDIA
3%₹1,036 Cr27,557,721

Thus, in a nutshell, it can be said that there are differences between both the schemes. As a result, individuals should understand the functioning of a scheme completely before investing in it. They also should check and assure themselves whether the scheme is suitable as per their investment objective or not. This will help them to attain their objectives on time and in a hassle-free manner.

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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P M Umamaheshwaran , posted on 12 Oct 21 9:57 AM

Good Comparison but conclusion / Final analysis Evaluation not done for investors to choose from these two

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