Fincash » ICICI Pru Bluechip Fund Vs ICICI Pru Large & Mid CapFund
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There are a number of differences between ICICI Prudential Bluechip Fund and ICICI Prudential Large & mid cap fund. These differences exist in spite of both the schemes belonging to the same category of large-cap schemes. In simple terms, Large cap funds are a type of Equity Funds. It invests its accumulated pooled money in stocks of large-cap or bluechip companies. The Market capitalization of large-cap companies is more than INR 10,000 Crores. These companies are huge in size, manpower, and Capital investment. Even during economic recessions, the share prices of these companies do not fluctuate much. Large-cap funds invest form the top of the pyramid when equity funds are classified on the Basis of market capitalization. So, let us understand the differences between ICICI Prudential Bluechip Fund and ICICI Prudential Large & Mid Cap Fund through this article.
ICICI Prudential Bluechip Fund (earlier known as ICICI Prudential Focused Bluechip Equity Fund) is suitable for investors seeking for long-term wealth creation solution by Investing in a Portfolio that predominantly consists of shares belonging to the large-cap category. This scheme of ICICI Prudential follows a benchmark hugging strategy. Through this strategy it makes sure that the portfolio is diversified, thus reducing the concentration risk. Some of the benefits of ICICI Prudential Bluechip Fund are, it invests in companies that are fundamentally strong, capable of delivering consistent long-term returns and have a good track record. The fund manager of this scheme selects stocks that are the part of Top 200 stocks on the National Stock Exchange of India Limited in terms of market capitalization. Mr. Rajat Chandak and Mr. Sankaran Naren jointly manage ICICI Prudential Bluechip Fund.
ICICI Prudential Large & Mid Cap Fund (earlier known as ICICI Prudential Top 100 Fund) was incepted on July 09, 1998. This scheme uses Nifty 50 as its benchmark index to formulate its basket of assets. Some of the top 10 holdings of ICICI Prudential Large & Mid Cap Fund as on March 31, 2018, consisted of Tata Motors Limited, ICICI Bank Limited, Tata Chemicals Limited, and Oil & Natural Gas Corporation Limited. Mr. Sankaran Naren and Mr. Prakash Gaurav Goel jointly manage the ICICI Prudential Large & Mid Cap Fund. The scheme aims to invest predominantly in equity and equity-related securities thereby; achieving capital growth in the long-term. One of the advantages of ICICI Prudential Large & Mid Cap Fund is it offers mitigated risk through diversification across sectors.
The differences between ICICI Prudential Bluechip Fund Vs ICICI Prudential Large & Mid Cap Fund are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section. They are explained as follows.
It is the first section in the comparison of the schemes. The parameters of this section include current NAV, Fincash Rating, and scheme category. With respect to scheme category, it can be said that both the schemes belong to the same category of Equity Large Cap. Also, based on Fincash Rating, it can be said that IICICI Prudential Bluechip Fund is rated as a 4-Star scheme while ICICI Prudential Large & Mid Cap Fund is rated as a 3-Star scheme. Additionally, both the schemes differ on account of NAV. As on April 26, 2018, the NAV of ICICI Prudential Bluechip Fund was approximately INR 40 while of ICICI Prudential Large & Mid Cap Fund was around INR 320. The summary 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 ₹105.73 ↑ 0.28 (0.27 %) ₹59,364 on 30 Jun 24 23 May 08 ☆☆☆☆ Equity Large Cap 21 Moderately High 1.69 2.61 1.08 8.03 Not Available 0-1 Years (1%),1 Years and above(NIL) ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details ₹948.23 ↑ 3.30 (0.35 %) ₹14,486 on 30 Jun 24 9 Jul 98 ☆☆☆ Equity Large & Mid Cap 31 Moderately High 2.01 2.98 0.69 5 Not Available 0-1 Years (1%),1 Years and above(NIL)
Being the second section in the performance, it compares the Compounded Annual Growth Rate or CAGR returns at various time intervals. The comparison of performance section reveals that, in most of the instances, ICICI Prudential Bluechip Fund leads the race. 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 4% 9.7% 18.2% 37% 21.5% 20.5% 15.7% ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details 3.5% 11.6% 23.6% 44.7% 26.5% 24.4% 19.1%
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This section compares the absolute returns generated by both the schemes for a particular year. The comparison of yearly performance section shows that in certain years, ICICI Prudential Bluechip Fund has performed better while in others, ICICI Prudential Large & Mid Cap Fund has done well. The table given below summarizes the comparison of yearly performance section.
Parameters Yearly Performance 2023 2022 2021 2020 2019 ICICI Prudential Bluechip Fund
Growth
Fund Details 27.4% 6.9% 29.2% 13.5% 9.8% ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details 29.9% 11.7% 41.8% 11.7% 5.7%
Being the last section in the comparison it includes parameters such as AUM, minimum SIP investment, and minimum lumpsum investment. The minimum lumpsum and SIP investment is same for both the schemes. Here, the minimum lumpsum amount for both the schemes is INR 5,000 while the SIP amount is INR 1,000. However, there is a drastic difference in the AUM of both the schemes. As on March 31, 2018, the AUM of ICICI Prudential Bluechip Fund is approximately INR 16,102 Crores while of ICICI Prudential Large & Mid Cap Fund is around INR 3,035 Crores. The summary of other details section is as follows.
Parameters Other Details Min SIP Investment Min Investment Fund Manager ICICI Prudential Bluechip Fund
Growth
Fund Details ₹100 ₹5,000 Anish Tawakley - 5.82 Yr. ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details ₹100 ₹5,000 Ihab Dalwai - 2.08 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,813 30 Jun 21 ₹13,398 30 Jun 22 ₹13,995 30 Jun 23 ₹17,310 30 Jun 24 ₹23,956 ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,366 30 Jun 21 ₹13,707 30 Jun 22 ₹15,185 30 Jun 23 ₹19,079 30 Jun 24 ₹27,715
ICICI Prudential Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 8.8% Equity 91.2% Equity Sector Allocation
Sector Value Financial Services 24.24% Energy 11.77% Consumer Cyclical 11.07% Industrials 9.87% Technology 7.65% Basic Materials 7.15% Consumer Defensive 5.55% Health Care 5.49% Communication Services 4.01% Utility 3.26% Real Estate 1.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK8% ₹4,861 Cr 40,518,440 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE8% ₹4,538 Cr 14,495,800
↑ 100,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT6% ₹3,648 Cr 10,281,834 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹3,215 Cr 19,092,421
↑ 1,196,164 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | AXISBANK5% ₹2,829 Cr 22,358,608 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI5% ₹2,683 Cr 2,229,726
↑ 85,671 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY4% ₹2,604 Cr 16,620,748
↓ -400,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | ULTRACEMCO4% ₹2,509 Cr 2,150,633 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL4% ₹2,324 Cr 16,091,238 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 15 | SUNPHARMA3% ₹1,530 Cr 10,062,064
↑ 500,581 ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 7.09% Equity 92.91% Equity Sector Allocation
Sector Value Financial Services 27.67% Consumer Cyclical 12.63% Health Care 9.75% Basic Materials 9.56% Industrials 7.62% Energy 6.47% Technology 6.22% Consumer Defensive 6.13% Utility 5.8% Communication Services 2.99% Real Estate 1.41% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 06 | ICICIBANK6% ₹897 Cr 7,477,195
↑ 28,821 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | HDFCBANK5% ₹712 Cr 4,230,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | MARUTI4% ₹567 Cr 471,399
↑ 40,000 Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 May 22 | ALKEM3% ₹468 Cr 936,657
↑ 265,899 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Jan 24 | BAJAJFINSV3% ₹431 Cr 2,711,171
↑ 1,085,708 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Nov 22 | SBICARD3% ₹429 Cr 5,917,238
↑ 400,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 18 | INFY3% ₹405 Cr 2,587,596
↑ 400,000 NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | NTPC3% ₹400 Cr 10,566,000 Gujarat Gas Ltd (Utilities)
Equity, Since 31 Jul 22 | GUJGASLTD2% ₹336 Cr 5,349,809 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | 5001042% ₹329 Cr 9,900,150
↓ -450,000
Therefore, based on the above pointers, it can be concluded in a nutshell that there are numerous differences between both the schemes. As a result, individuals should be careful while choosing any of the schemes to invest. They should ensure whether the scheme matches their investment objective or not and understand the functioning of the scheme completely. If required, an opinion of a financial consultant can also be considered. This will help them to attain their objectives on time along with ensuring that their investment is safe.