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Fincash » ICICI Pru Bluechip Fund Vs ICICI Pru Large & Mid CapFund

ICICI Prudential Bluechip Fund Vs ICICI Prudential Large & Mid Cap Fund

Updated on December 1, 2019 , 289 views

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 (Erstwhile ICICI Prudential Focused Bluechip Equity Fund)

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 (Erstwhile ICICI Prudential Top 100 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.

ICICI Prudential Bluechip Fund Vs ICICI Prudential Large & Mid Cap Fund

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.

Basics Section

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
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
₹43.74 ↓ -0.22   (-0.50 %)
₹24,132 on 31 Oct 19
23 May 08
Equity
Large Cap
21
Moderately High
2.13
0.67
-0.54
-2.5
Not Available
0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹327.25 ↓ -2.46   (-0.75 %)
₹3,714 on 31 Oct 19
9 Jul 98
Equity
Large & Mid Cap
31
Moderately High
2.15
0.31
-0.44
-1.51
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
ICICI Prudential Bluechip Fund
Growth
Fund Details
0.6%
10.6%
0.2%
8.7%
12.6%
8.3%
13.7%
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
-0.9%
9.8%
-2%
5.4%
8.2%
6.1%
17.7%

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Yearly Performance Section

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 Performance2018
2017
2016
2015
2014
ICICI Prudential Bluechip Fund
Growth
Fund Details
-0.8%
32.7%
7.7%
-0.2%
41.1%
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
-6.2%
29.8%
10.3%
-0.6%
38.3%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹100
₹5,000
Rajat Chandak - 1.63 Yr.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹100
₹5,000
Sankaran Naren - 7.51 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
ICICI Prudential Bluechip Fund
Growth
Fund Details
DateValue
30 Nov 14₹10,000
30 Nov 15₹9,806
30 Nov 16₹10,604
30 Nov 17₹13,503
30 Nov 18₹13,649
30 Nov 19₹15,003
Growth of 10,000 investment over the years.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
DateValue
30 Nov 14₹10,000
30 Nov 15₹9,508
30 Nov 16₹10,772
30 Nov 17₹13,427
30 Nov 18₹12,678
30 Nov 19₹13,589

Detailed portfolio Comparison

Asset Allocation
ICICI Prudential Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash7.96%
Equity91.98%
Other0.06%
Equity Sector Allocation
SectorValue
Financial Services31.86%
Technology9.43%
Consumer Cyclical8.45%
Energy7.97%
Basic Materials7.22%
Consumer Defensive6.8%
Industrials5.32%
Utility4.77%
Communication Services4.11%
Health Care2.03%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
9%₹2,161 Cr17,561,180
Treps
CBLO/Reverse Repo | -
7%₹1,741 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK
7%₹1,574 Cr34,000,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
6%₹1,404 Cr20,480,972
↑ 640,734
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
5%₹1,149 Cr15,601,708
Future on Nifty 50 INR
- | -
4%₹972 Cr816,000
↑ 816,000
Net Current Assets
Net Current Assets | -
4%-₹946 Cr
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
4%₹920 Cr6,285,943
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 18 | 540719
4%₹910 Cr9,175,682
↓ -647,828
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
4%₹906 Cr24,201,238
↓ -1,195,566
Asset Allocation
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash3.06%
Equity96.92%
Other0.02%
Equity Sector Allocation
SectorValue
Financial Services31.4%
Utility12.45%
Basic Materials11.79%
Consumer Cyclical10.27%
Technology7.06%
Health Care6.36%
Consumer Defensive4.8%
Communication Services4.67%
Industrials4.5%
Energy3.24%
Real Estate0.38%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 532555
8%₹299 Cr24,396,955
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 06 | ICICIBANK
6%₹227 Cr4,893,299
Treps
CBLO/Reverse Repo | -
4%₹150 Cr
ITC Ltd (Consumer Defensive)
Equity, Since 30 Nov 16 | ITC
4%₹145 Cr5,636,495
↓ -142,620
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
4%₹140 Cr1,900,000
↓ -375,567
Tata Chemicals Ltd (Basic Materials)
Equity, Since 31 Jan 16 | 500770
4%₹138 Cr2,194,100
Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | HINDALCO
3%₹114 Cr6,061,617
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | HDFCBANK
3%₹108 Cr874,132
Infosys Ltd (Technology)
Equity, Since 31 Dec 18 | INFY
3%₹103 Cr1,504,503
↑ 445,741
State Bank of India (Financial Services)
Equity, Since 31 Jul 16 | SBIN
3%₹103 Cr3,295,583
↑ 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.

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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