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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 July 12, 2020 , 646 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
₹38.9 ↓ -0.68   (-1.72 %)
₹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)
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹283.79 ↓ -3.86   (-1.34 %)
₹2,609 on 30 Apr 20
9 Jul 98
Equity
Large & Mid Cap
31
Moderately High
2.15
-0.52
-0.72
-2.56
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
5.1%
15.5%
-13.9%
-7.8%
1.6%
5.6%
11.8%
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
3.7%
15.1%
-16.6%
-12.4%
-2.5%
4.1%
16.4%

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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 Performance2019
2018
2017
2016
2015
ICICI Prudential Bluechip Fund
Growth
Fund Details
9.8%
-0.8%
32.7%
7.7%
-0.2%
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
5.7%
-6.2%
29.8%
10.3%
-0.6%

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 - 2.97 Yr.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹100
₹5,000
Sankaran Naren - 8.34 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.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
DateValue
30 Jun 15₹10,000
30 Jun 16₹10,579
30 Jun 17₹12,827
30 Jun 18₹13,281
30 Jun 19₹14,324
30 Jun 20₹11,983

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
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash8.85%
Equity91.15%
Equity Sector Allocation
SectorValue
Financial Services24.2%
Utility15.08%
Communication Services9.4%
Technology8.62%
Basic Materials7.89%
Consumer Cyclical7.15%
Industrials5.78%
Health Care5.17%
Consumer Defensive4.51%
Energy2.38%
Real Estate0.96%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
13%₹354 Cr
NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 532555
8%₹221 Cr22,597,370
↓ -56,968
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 16 | BHARTIARTL
7%₹188 Cr3,400,000
↓ -165,329
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 06 | ICICIBANK
6%₹156 Cr4,700,000
↓ -43,424
Infosys Ltd (Technology)
Equity, Since 31 Dec 18 | INFY
5%₹127 Cr1,844,041
↑ 896,543
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | HDFCBANK
4%₹119 Cr1,248,024
↓ -300,000
Net Current Assets
Net Current Assets | -
4%-₹119 Cr
Tata Power Co Ltd (Utilities)
Equity, Since 31 Mar 17 | 500400
3%₹83 Cr22,807,365
↑ 359,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Nov 16 | ITC
3%₹77 Cr3,906,862
PI Industries Ltd (Basic Materials)
Equity, Since 30 Apr 18 | PIIND
3%₹74 Cr480,000

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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