Fincash » ICICI Pru Bluechip Fund Vs Mirae Asset India Equity Fund
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ICICI Prudential Bluechip Fund and Mirae Asset India Equity Fund both are a part of Large Cap Equity Funds. Large cap funds invest their accumulated pooled in shares of companies whose Market capitalization is more than INR 10,000 crores. They are also known as bluechip companies. These companies provide a steady growth and returns and are considered as market leaders in their respective Industry. Moreover, when the Economy does not perform well, a number of investors try to switch their investments towards large cap companies. Though ICICI Prudential Bluechip Fund and Mirae Asset India Equity Fund are a part of the same category of Mutual Funds, nevertheless; they exhibit different attributes. So, let us understand the differences between both the schemes based on various parameters.
ICICI Prudential Bluechip Fund (earlier known as ICICI Prudential Focused Bluechip Equity Fund) is managed by ICICI Prudential Mutual Fund. This open-ended large-cap fund was launched on May 23, 2008, and it uses Nifty 50 Index as its base for building its Portfolio. The objective of ICICI Prudential Bluechip Fund is to achieve Capital appreciation in the long-term tenure by predominantly Investing in equity and equity-related instruments of companies belonging to the large-cap domain. Maruti Suzuki India Limited, Eicher Motors Limited, ICICI Bank Limited, and Larsen & Toubro Limited are some of the constituents of ICICI Prudential Bluechip Fund as on March 31, 2018. The scheme follows a benchmark hugging strategy which ensures that the portfolio is well-diversified thereby reducing the overall risk.
Mirae Asset India Equity Fund (earlier known as Mirae Asset India Opportunities Fund) is an open-ended large-cap equity fund. This scheme is managed and a part of Mirae Asset Mutual Fund and was incepted on April 04, 2008. Larsen & Toubro Limited, Infosys Limited, State Bank of India, and Reliance Industries are some of the constituents that form part of the scheme’s portfolio in the top 10 position. Mirae Asset India Equity Fund is jointly managed by Mr. Neelesh Surana and Mr. Harshad Borawake. Some of the features of the fund include risk mitigation to reduce Volatility and improve liquidity, focus on good business, and consistency of performance. Investors seeking for long-term capital appreciation by investing in equity and equity-related securities can choose to invest in Mirae Asset India Equity Fund. The scheme thrives to maximize opportunities under various market situations.
The differences between both the schemes are classified into four sections, namely, basics section, performance section, yearly performance section, and other details section. These sections are explained below as follows.
Some of the comparable elements that form part of basics section include; Scheme Category, Fincash Rating, and Current NAV. To begin with the scheme category, it can be said that, both the schemes belong to the same category, Equity Large Cap. With respect to the next parameter, namely, Fincash Rating, it can be said that Mirae Asset India Equity Fund is rated as 5-Star rated while ICICI Prudential Bluechip Fund is 4-Star Rated Fund. The comparison of Current NAV also shows a difference between both the schemes. As on April 25, 2018, the NAV of ICICI Prudential Mutual Fund’s scheme was approximately INR 40 and of Mirae Asset Mutual Fund’s scheme was approximately INR 46. The table given below summarizes the difference between both the scheme.
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 ₹71.32 ↑ 0.66 (0.93 %) ₹35,877 on 30 Apr 23 23 May 08 ☆☆☆☆ Equity Large Cap 21 Moderately High 1.72 0.21 0.43 3.61 Not Available 0-1 Years (1%),1 Years and above(NIL) Mirae Asset India Equity Fund
Growth
Fund Details ₹81.337 ↑ 0.75 (0.93 %) ₹33,926 on 30 Apr 23 4 Apr 08 ☆☆☆☆☆ Equity Multi Cap 19 Moderately High 1.23 -0.09 -0.41 -0.39 Not Available 0-1 Years (1%),1 Years and above(NIL)
This section compares the Compounded Annual Growth Rate or CAGR returns between both the schemes. These returns are compared at different time intervals such intervals include 1 Year Return, 3 Year Return, 5 Year Return, and Return since Inception. On an overall note, it can be said that there is a difference between the returns earned by both the schemes. However, at many time periods, the returns of Mirae are higher. The summary comparison of the performance section is tabulated as follows.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch ICICI Prudential Bluechip Fund
Growth
Fund Details 3.8% 5.1% 0.9% 16.2% 28% 12.2% 14% Mirae Asset India Equity Fund
Growth
Fund Details 4.1% 5% -0.7% 12.5% 26.2% 11.9% 14.8%
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Being the third section in comparison, the yearly performance section compares the Absolute Returns generated by both the schemes for a particular year. The comparison of yearly performance section also reveals that Mirae Asset India Equity Fund leads the race. The summary of yearly performance section is as shown in the table given below.
Parameters Yearly Performance 2022 2021 2020 2019 2018 ICICI Prudential Bluechip Fund
Growth
Fund Details 6.9% 29.2% 13.5% 9.8% -0.8% Mirae Asset India Equity Fund
Growth
Fund Details 1.6% 27.7% 13.7% 12.7% -0.6%
Being the last section, it compares parameters such as AUM, minimum lumpsum investment, minimum SIP investment, and much more. The minimum lumpsum investment for both the schemes is same that is, INR 5,000. Similarly, the minimum SIP investment for both the schemes is also same that is, INR 1,000. However, the comparison of AUM shows a drastic difference between both the schemes. As on March 31, 2018, the AUM of Mirae Mutual Fund’s scheme is around INR 6,775 crores and of ICICI Prudential Mutual Fund’s scheme is around INR 16,102 Crores. This summary of the different comparable parameters of both the schemes is tabulated as follows.
Parameters Other Details Min SIP Investment Min Investment Fund Manager ICICI Prudential Bluechip Fund
Growth
Fund Details ₹100 ₹5,000 Anish Tawakley - 4.65 Yr. Mirae Asset India Equity Fund
Growth
Fund Details ₹1,000 ₹5,000 Gaurav Khandelwal - 1.53 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,503 30 Apr 20 ₹8,932 30 Apr 21 ₹13,257 30 Apr 22 ₹15,868 30 Apr 23 ₹17,155 Mirae Asset India Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,853 30 Apr 20 ₹9,338 30 Apr 21 ₹13,739 30 Apr 22 ₹16,065 30 Apr 23 ₹16,693
ICICI Prudential Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 10.07% Equity 89.93% Equity Sector Allocation
Sector Value Financial Services 31.34% Energy 10.87% Technology 9.92% Industrials 8.67% Consumer Cyclical 8.65% Consumer Defensive 5.38% Basic Materials 5.29% Communication Services 3.82% Health Care 3.75% Utility 1.48% Real Estate 0.75% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK10% ₹3,512 Cr 38,271,728 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE8% ₹2,933 Cr 12,115,757 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT7% ₹2,494 Cr 10,546,507
↓ -80,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY5% ₹1,946 Cr 15,531,074
↑ 240,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | AXISBANK5% ₹1,786 Cr 20,767,766
↓ -1,289,443 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹1,621 Cr 9,603,730
↓ -4,907,022 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFC4% ₹1,391 Cr 5,012,524
↑ 2,982,576 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL3% ₹1,220 Cr 15,260,043
↓ -559,550 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI3% ₹1,182 Cr 1,375,746 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | ULTRACEMCO3% ₹1,128 Cr 1,492,427 Mirae Asset India Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.72% Equity 99.28% Other 0% Equity Sector Allocation
Sector Value Financial Services 37.79% Technology 12.44% Consumer Cyclical 10.7% Energy 8.69% Industrials 7.82% Consumer Defensive 6.27% Health Care 5.49% Basic Materials 4.98% Communication Services 3.77% Utility 1.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK11% ₹3,805 Cr 22,546,579 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹2,985 Cr 32,530,137
↓ -1,880,863 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE8% ₹2,797 Cr 11,557,451
↑ 141,487 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY6% ₹2,133 Cr 17,025,191
↑ 700,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | AXISBANK5% ₹1,642 Cr 19,095,885 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,278 Cr 15,993,386 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN3% ₹1,172 Cr 20,260,399 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT3% ₹1,094 Cr 4,627,663 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC3% ₹1,078 Cr 3,885,400
↓ -237,202 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI3% ₹935 Cr 1,088,850
Therefore, it can be concluded from the above pointers, that there exist numerous differences between both the schemes. Hence, individuals should check the scheme details completely before investing and ensure whether the scheme matches their investment details or not. This will help them to attain their objectives on time and in a hassle-free manner.
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