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 ₹110.8 ↑ 0.37 (0.34 %) ₹71,840 on 31 Aug 25 23 May 08 ☆☆☆☆ Equity Large Cap 21 Moderately High 1.46 -0.51 1.64 1.67 Not Available 0-1 Years (1%),1 Years and above(NIL) ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details ₹1,014.46 ↑ 3.80 (0.38 %) ₹23,698 on 31 Aug 25 9 Jul 98 ☆☆☆ Equity Large & Mid Cap 31 Moderately High 1.71 -0.44 0.71 1.03 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 0.8% -0.4% 8.4% 0.7% 19.5% 21.8% 14.9% ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details 1.4% 0.8% 9.7% 1.8% 22.4% 27.3% 18.5%
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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 2024 2023 2022 2021 2020 ICICI Prudential Bluechip Fund
Growth
Fund Details 16.9% 27.4% 6.9% 29.2% 13.5% ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details 20.4% 29.9% 11.7% 41.8% 11.7%
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 - 6.99 Yr. ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details ₹100 ₹5,000 Ihab Dalwai - 3.25 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹15,883 30 Sep 22 ₹16,037 30 Sep 23 ₹19,415 30 Sep 24 ₹27,490 30 Sep 25 ₹26,880 ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹17,772 30 Sep 22 ₹18,565 30 Sep 23 ₹22,806 30 Sep 24 ₹33,896 30 Sep 25 ₹33,359
ICICI Prudential Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 9.85% Equity 90.15% Equity Sector Allocation
Sector Value Financial Services 27.82% Consumer Cyclical 11.09% Industrials 10.38% Energy 9.01% Basic Materials 7.28% Technology 5.65% Communication Services 4.99% Health Care 4.94% Consumer Defensive 4.07% Utility 3.8% Real Estate 1.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK10% ₹6,917 Cr 72,691,862
↑ 2,219,242 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK9% ₹6,117 Cr 43,764,687 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE7% ₹4,704 Cr 34,655,981 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT6% ₹4,503 Cr 12,504,026
↑ 168,144 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI4% ₹3,230 Cr 2,183,589
↓ -174,960 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL4% ₹3,218 Cr 17,038,413
↑ 186,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | ULTRACEMCO4% ₹2,700 Cr 2,135,713
↓ -204,765 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | AXISBANK4% ₹2,660 Cr 25,447,029 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY3% ₹2,501 Cr 17,017,943
↑ 700,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 15 | SUNPHARMA3% ₹1,845 Cr 11,570,567 ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.61% Equity 95.38% Equity Sector Allocation
Sector Value Consumer Cyclical 23.54% Financial Services 20.67% Basic Materials 10.75% Industrials 8.74% Consumer Defensive 8.57% Technology 6.02% Health Care 5.95% Communication Services 3.96% Energy 3.91% Utility 2.06% Real Estate 1.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 21 | AXISBANK5% ₹1,256 Cr 12,018,759
↑ 4,615,845 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | MARUTI5% ₹1,182 Cr 798,857
↓ -75,000 FSN E-Commerce Ventures Ltd (Consumer Cyclical)
Equity, Since 30 Apr 23 | 5433844% ₹935 Cr 40,608,095
↓ -1,646,614 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Nov 22 | SBICARD4% ₹931 Cr 11,587,364
↑ 1,206,657 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 20 | LT3% ₹749 Cr 2,081,123 Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 May 22 | ALKEM3% ₹721 Cr 1,359,803
↓ -125,454 Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 31 Aug 24 | 5433003% ₹706 Cr 15,931,365
↑ 695,784 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Jul 23 | DMART3% ₹655 Cr 1,377,881
↓ -170,530 Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE3% ₹632 Cr 4,654,285 Infosys Ltd (Technology)
Equity, Since 31 Dec 18 | INFY2% ₹586 Cr 3,985,784
↑ 174,554
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.