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Fincash » Kotak Standard Multicap Fund Vs ICICI Prudential Bluechip Fund

Kotak Standard Multicap Fund Vs ICICI Prudential Bluechip Fund

Updated on October 19, 2019 , 471 views

There are numerous differences between Kotak Standard Multicap Fund and ICICI Prudential Bluechip Fund though they belong to the same large-cap category. In simple terms, Large cap funds are the schemes that invest their corpus in equity and equity-related instruments of large-sized companies. These companies have a market capitalization of more than INR 10,000 Crores and are considered to be the market leaders in their field. Since large-cap schemes invest their corpus in big businesses, they generally give stable returns. In addition, even during economic downturns, the share prices of large-cap companies do not tend to fluctuate much. Large-cap companies are also known as bluechip companies. So, let us understand the differences between Kotak Standard Multicap Fund and ICICI Prudential Bluechip Fund by comparing various parameters through this article.

Kotak Standard Multicap Fund (Erstwhile Kotak Select Focus Fund)

The objective of Kotak Standard Multicap Fund is to generate appreciation in the capital invested in long-term tenure by Investing its accumulated fund money in shares of companies by focusing on few sectors. Kotak Standard Multicap Fund was launched on September 11, 2009, and is managed by Kotak Mutual Fund. As on March 31, 2018, some of the constituents of this Mutual Fund’s portfolio consisted of HDFC Bank Limited, Larsen & Toubro Limited, Reliance Industries Limited, and ICICI Bank Limited. The benchmark index used by Kotak Standard Multicap Fund to build its portfolio of assets is NIFTY 200 Index. The risk-appetite of Kotak Standard Multicap Fundis moderately high and is suitable for individuals seeking long-term capital growth. The sole fund manager managing Kotak Standard Multicap Fund is Mr. Harsha Upadhyaya.

ICICI Prudential Bluechip Fund (Erstwhile ICICI Prudential Focused Bluechip Equity Fund)

ICICI Prudential Bluechip Fund (earlier known as ICICI Prudential Focused Bluechip Equity Fund) was incepted in the year 2008 and it uses NIFTY 50 Index as its benchmark to construct its portfolio. ICICI Prudential Bluechip Fund is suitable for individuals seeking for wealth creation in the long-term by investing in a fund that in-turn invests its corpus in stocks of large-cap companies. Maruti Suzuki India Limited, Motherson Sumi Systems Limited, Larsen & Toubro Limited, and ITC Limited are some of the top constituents of the scheme’s portfolio as on March 31, 2018. The scheme uses a benchmark hugging strategy which ensures that the portfolio is well-diversified across sectors thereby reducing the concentration risk. Mr. Sankaran Naren and Mr. Rajat Chandak jointly manage this scheme of ICICI Prudential Mutual Fund.

Kotak Standard Multicap Fund Vs ICICI Prudential Bluechip Fund

Though both the schemes belong to the same category, nevertheless; they differ on account of numerous parameters. So, let’s understand the differences between these schemes that are classified into four section, listed below as follows:

Basics Section

It is the first section in the comparison that includes elements like Current NAV, Fincash Rating, and scheme category. The comparison of current NAV states that both the schemes differ on account of NAV. As on April 24, 2018, the NAV of ICICI Prudential Bluechip Fund was approximately INR 40 while of Kotak Standard Multicap Fund is around INR 33. With respect to Fincash Rating, it can be said that Kotak’s scheme is rated as 5-Star while ICICI’s scheme is rated as 4-Star. The comparison of scheme category also shows that both the schemes belong to the same category of Equity Large Cap. The summary comparison of the basics section is as shown in the table given below.

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
Kotak Standard Multicap Fund
Growth
Fund Details
₹35.876 ↑ 0.27   (0.76 %)
₹26,991 on 30 Sep 19
11 Sep 09
Equity
Multi Cap
3
Moderately High
1.84
0.42
0.13
4.09
Not Available
0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹42.92 ↑ 0.23   (0.54 %)
₹23,019 on 30 Sep 19
23 May 08
Equity
Large Cap
21
Moderately High
2.3
0.13
-0.35
-0.89
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The comparison of Compounded Annual Growth Rate or CAGR returns is done in the performance section. These CAGR returns are compared at different time intervals such as 1 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. The comparison of performance section reveals that at certain time periods, ICICI Prudential Bluechip Fund leads the race, while in others; Kotak Standard Multicap Fund leads the race. The table given below shown the summary comparison of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Kotak Standard Multicap Fund
Growth
Fund Details
6.5%
1.3%
0.5%
14.1%
10%
13%
13.5%
ICICI Prudential Bluechip Fund
Growth
Fund Details
7.1%
1.7%
0.8%
10.1%
9.8%
10.2%
13.6%

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Yearly Performance Section

This being the third section, compares the absolute returns of both the schemes generated for a particular year. The comparison of absolute returns reveals that in almost all the instances, Kotak Standard Multicap Fund leads the race. The comparison of the yearly performance section is tabulated as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Kotak Standard Multicap Fund
Growth
Fund Details
-0.9%
34.3%
9.4%
3%
57.9%
ICICI Prudential Bluechip Fund
Growth
Fund Details
-0.8%
32.7%
7.7%
-0.2%
41.1%

Other Details Section

It is the last section in the comparison of the schemes. The comparable elements forming part of other details section include AUM, minimum SIP investment, and minimum lumpsum investment. The minimum lumpsum investment for both the schemes is similar, that is, INR 5,000. However, there is a difference in the minimum SIP investment of both the schemes. In case of Kotak Mutual Fund’s scheme, the SIP amount is INR 500 and for ICICI Prudential Mutual Fund’s scheme, it is INR 1,000. The comparison of AUM also shows a difference in both the schemes. As on March 31, 2018, the AUM of Kotak Standard Multicap Fund is approximately INR 17,853 Crores while of other is nearly INR 16,102 Crores. The table given below summarizes the comparison of the other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Kotak Standard Multicap Fund
Growth
Fund Details
₹500
₹5,000
Harsha Upadhyaya - 7.08 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹100
₹5,000
Rajat Chandak - 1.63 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Kotak Standard Multicap Fund
Growth
Fund Details
DateValue
30 Sep 14₹10,000
30 Sep 15₹11,565
30 Sep 16₹13,328
30 Sep 17₹15,820
30 Sep 18₹16,519
30 Sep 19₹17,965
Growth of 10,000 investment over the years.
ICICI Prudential Bluechip Fund
Growth
Fund Details
DateValue
30 Sep 14₹10,000
30 Sep 15₹10,525
30 Sep 16₹11,864
30 Sep 17₹13,943
30 Sep 18₹15,071
30 Sep 19₹15,740

Detailed Assets & Holdings Comparison

Asset Allocation
Kotak Standard Multicap Fund
Growth
Fund Details
Asset ClassValue
Cash7.47%
Equity92.51%
Debt0.01%
Other0%
Equity Sector Allocation
SectorValue
Financial Services35.14%
Industrials11.38%
Energy10.15%
Basic Materials9.74%
Technology8.5%
Consumer Cyclical5.76%
Consumer Defensive3.96%
Utility3.13%
Health Care1.85%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Triparty Repo
CBLO/Reverse Repo | -
10%₹2,503 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | ICICIBANK
7%₹1,659 Cr40,500,000
↑ 1,000,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
6%₹1,630 Cr7,315,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 16 | RELIANCE
6%₹1,623 Cr13,000,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 13 | LT
5%₹1,262 Cr9,500,000
↑ 300,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 May 12 | 532215
5%₹1,185 Cr17,850,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
4%₹1,119 Cr13,730,562
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 18 | TCS
4%₹994 Cr4,400,000
↑ 200,000
Cash Offset For Derivatives
Derivative Margin | -
3%-₹736 Cr73,579
↑ 15,300
Cnx Nifty-Sep2019
- | -
3%₹702 Cr634,650
↑ 634,650
Asset Allocation
ICICI Prudential Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash8.66%
Equity91.16%
Debt0.01%
Other0.17%
Equity Sector Allocation
SectorValue
Financial Services30.92%
Technology10.65%
Basic Materials7.75%
Consumer Cyclical7.25%
Energy7.01%
Consumer Defensive6.41%
Industrials5.67%
Utility5.32%
Communication Services4.28%
Health Care2.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
11%₹2,363 Cr
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
9%₹1,956 Cr8,780,590
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
7%₹1,476 Cr18,118,388
↑ 1,150,523
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK
6%₹1,393 Cr34,000,000
Net Current Assets
Net Current Assets | -
4%-₹953 Cr
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
4%₹881 Cr25,396,804
↓ -850,000
Nifty 50 Index
- | -
4%₹854 Cr772,575
↑ 223,275
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFC
4%₹830 Cr3,832,165
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 18 | 540719
4%₹824 Cr9,823,510
↓ -347,791
NTPC Ltd (Utilities)
Equity, Since 28 Feb 15 | 532555
4%₹761 Cr62,556,471
↑ 350,946

Thus, based on the above pointers, it can be said that both the schemes differ on account of various parameters though they are a part of the same category. As a result, individuals should be very careful while investing their money in any of the schemes. They should understand its modalities completely and ensure that the scheme matches their investment objective. If required they can even take an opinion of a financial advisor. This will help them to attain their Financial goals on time and in a hassle-free manner.

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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