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Fincash » Nippon India Large Cap Fund Vs ICICI Prudential Bluechip Fund

Nippon India Large Cap Fund Vs ICICI Prudential Bluechip Fund

Updated on July 10, 2020 , 1136 views

Nippon India Large Cap Fund (Formerly known as Reliance Large Cap Fund) and ICICI Prudential Bluechip Fund both belong to the large-cap category of Equity Funds. Large cap funds invest their major portion of the money in the stocks of companies having a market capitalization of more than INR 10,000 Crores. These companies are also known as bluechip companies and show stable performance in terms of returns and profit. Even during economic recessions, the share prices of these companies do not fluctuate much.

Large-cap companies are reputed in their field. Though Reliance/Nippon India Large Cap Fund and ICICI Prudential Bluechip Fund both belong to the same category, nevertheless; they differ on numerous parameters. So, let us understand the differences between these schemes by comparing the different parameters.

Nippon India Large Cap Fund/Reliance Large Cap Fund

Important- From October 2019, Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. Nippon Life has acquired majority (75%) stakes in Reliance Nippon Asset Management (RNAM). The company will continue to run its operations without any change in structure and management.

The Nippon's large cap fund is divided into two parts. Its primary objective is to earn long-term capital appreciation by Investing in shares of companies belonging to the large-cap category. While its secondary objective is to earn consistent returns by investing in fixed income and money market instruments. This scheme of Nippon Mutual Fund strives to invest in companies that are either leaders or potential leaders and have established business model along with sustainable free cash flows. It also ensures to invest in stocks of high growth companies that have a reasonable valuation and give high returns on equity. Reliance/Nippon Large Cap Fund was incepted on August 08, 2007 and is jointly managed by Mr. Sailesh Raj Bhan and Mr. Ashwani Kumar. Individuals seeking long-term capital growth along with exposure in equity and equity-related instruments of large-cap companies can choose to invest in Reliance Large Cap Fund.

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

ICICI Prudential Bluechip Fund (earlier known as ICICI Prudential Focused Bluechip Equity Fund) aims to earn capital growth in the long-term for its investors. It tries to attain this objective by investing the accumulated fund money in equity and equity-related instruments of large-cap companies predominantly. ICICI Prudential Mutual Fund’s this scheme follows a benchmark hugging strategy which helps to ensure that the portfolio is well-diversified thereby reducing the risk of concentration. In addition, the company invests in schemes that have a good performance record, fundamentally strong, and are capable of delivering consistent long-term returns. Mr. Rajat Chandak and Mr. Sankaran Naren jointly manage ICICI Prudential Bluechip Fund. The scheme uses Nifty 50 as its benchmark to construct its portfolio.

Nippon India Large Cap Fund Vs ICICI Prudential Bluechip Fund

Though both Nippon India/Reliance Large Cap Fund and ICICI Prudential Bluechip Fund belong to the same category of equity fund, they differ on numerous parameters. So, let us understand the differences between these schemes by analyzing these parameters that are classified into four sections, listed 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 both the schemes are rated as 4-Star Funds. However, it can be said that both the schemes differ on account NAV. As on April 26, 2018, the NAV of Nippon India/Reliance Large Cap Fund was approximately INR 32 while of ICICI Prudential Bluechip Fund was around INR 40. 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
Nippon India Large Cap Fund
Growth
Fund Details
₹28.9337 ↓ -0.18   (-0.63 %)
₹9,861 on 30 Apr 20
8 Aug 07
Equity
Large Cap
20
Moderately High
2.28
-0.7
-0.7
-7.8
Not Available
0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹39.43 ↓ -0.17   (-0.43 %)
₹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)

Performance Section

The comparison of Compounded Annual Growth Rate or CAGR returns at different time intervals is done in the performance section. These time intervals include 3 Month Return, 1 Year Return, 5 Year Return and Return since Inception. The analysis of performance section shows that in some instances, Reliance Large Cap Fund leads the race and in others, ICICI Prudential Bluechip Fund leads the race. The table given below summarizes the comparison of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Nippon India Large Cap Fund
Growth
Fund Details
3.8%
13.4%
-19.4%
-16.8%
-1.3%
3.5%
8.6%
ICICI Prudential Bluechip Fund
Growth
Fund Details
5%
16.2%
-11.9%
-6.1%
2.6%
6.1%
12%

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Yearly Performance Section

It is the third section in the comparison that analyses the differences in the absolute returns of the schemes for a particular year. The comparison of absolute returns also shows that, in certain years, ICICI Prudential Bluechip Fund has performed better while in certain years, Reliance Large Cap Fund has performed better. The summary comparison of the yearly performance section is tabulated as follows.

Parameters
Yearly Performance2019
2018
2017
2016
2015
Nippon India Large Cap Fund
Growth
Fund Details
7.3%
-0.2%
38.4%
2.2%
1.1%
ICICI Prudential Bluechip Fund
Growth
Fund Details
9.8%
-0.8%
32.7%
7.7%
-0.2%

Other Details Section

Being the last section in the comparison it includes parameters such as AUM, minimum SIP investment, and minimum lumpsum investment. The comparison of minimum lumpsum investment shows that both the schemes have the same amount, that is, INR 5,000. However, the minimum SIP amount for both the schemes is different. In case of Nippon India Large Cap Fund, the minimum SIP amount is INR 100 and for ICICI Prudential Bluechip Fund, the amount is INR 1,000. Also, with respect to NAV, both the schemes differ significantly. As on March 31, 2018, the AUM of Nippon India/Reliance Large Cap Fund is approximately INR 8,825 Crores. On the other hand, the AUM of ICICI Prudential Bluechip Fund is around INR 16,102 Crores. The summary of other details section is as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Nippon India Large Cap Fund
Growth
Fund Details
₹100
₹5,000
Sailesh Raj Bhan - 12.91 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹100
₹5,000
Rajat Chandak - 2.97 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Nippon India Large Cap Fund
Growth
Fund Details
DateValue
30 Jun 15₹10,000
30 Jun 16₹9,864
30 Jun 17₹12,272
30 Jun 18₹13,169
30 Jun 19₹15,012
30 Jun 20₹11,641
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

Detailed portfolio Comparison

Asset Allocation
Nippon India Large Cap Fund
Growth
Fund Details
Asset ClassValue
Cash1.73%
Equity98.27%
Equity Sector Allocation
SectorValue
Financial Services25.15%
Energy11.86%
Consumer Defensive10.94%
Consumer Cyclical10.27%
Industrials9.95%
Technology8.59%
Health Care7.04%
Utility5.12%
Communication Services4.68%
Basic Materials4.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 16 | ITC
6%₹572 Cr29,000,000
↓ -3,500,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹564 Cr17,000,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK
6%₹533 Cr5,595,986
↑ 600,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 07 | INFY
6%₹525 Cr7,600,084
↑ 1,000,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 10 | SBIN
5%₹452 Cr28,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
5%₹442 Cr8,000,683
↑ 2,000,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 07 | LT
4%₹373 Cr4,000,000
↓ -1,300,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | 532215
3%₹327 Cr8,500,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 19 | RELIANCE
3%₹300 Cr2,050,000
↓ -500,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 20 | 532555
3%₹294 Cr30,000,000
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

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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