Fincash » Nippon India Large Cap Fund Vs ICICI Prudential Bluechip Fund
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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.
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 (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.
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.
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 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 Nippon India Large Cap Fund
Growth
Fund Details ₹79.4991 ↑ 0.15 (0.19 %) ₹24,378 on 31 Mar 24 8 Aug 07 ☆☆☆☆ Equity Large Cap 20 Moderately High 1.86 3.08 2.28 9.01 Not Available 0-1 Years (1%),1 Years and above(NIL) ICICI Prudential Bluechip Fund
Growth
Fund Details ₹96.37 ↑ 0.28 (0.29 %) ₹53,505 on 31 Mar 24 23 May 08 ☆☆☆☆ Equity Large Cap 21 Moderately High 1.69 3.17 1.27 10.05 Not Available 0-1 Years (1%),1 Years and above(NIL)
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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Nippon India Large Cap Fund
Growth
Fund Details 3.3% 9% 23.9% 43.9% 26.4% 17.6% 13.2% ICICI Prudential Bluechip Fund
Growth
Fund Details 1.6% 7% 23.7% 40.8% 22.5% 17.8% 15.3%
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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 Performance 2023 2022 2021 2020 2019 Nippon India Large Cap Fund
Growth
Fund Details 32.1% 11.3% 32.4% 4.9% 7.3% ICICI Prudential Bluechip Fund
Growth
Fund Details 27.4% 6.9% 29.2% 13.5% 9.8%
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 Details Min SIP Investment Min Investment Fund Manager Nippon India Large Cap Fund
Growth
Fund Details ₹100 ₹5,000 Sailesh Raj Bhan - 16.66 Yr. ICICI Prudential Bluechip Fund
Growth
Fund Details ₹100 ₹5,000 Anish Tawakley - 5.58 Yr.
Nippon India Large Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹6,817 31 Mar 21 ₹11,430 31 Mar 22 ₹14,296 31 Mar 23 ₹15,230 31 Mar 24 ₹22,055 ICICI Prudential Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,535 31 Mar 21 ₹12,712 31 Mar 22 ₹15,544 31 Mar 23 ₹16,006 31 Mar 24 ₹22,787
Nippon India Large Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.28% Equity 98.72% Equity Sector Allocation
Sector Value Financial Services 36.5% Consumer Cyclical 15.08% Industrials 9.84% Consumer Defensive 9.42% Energy 7.63% Technology 6.4% Utility 6.27% Basic Materials 3.66% Health Care 2.4% Communication Services 1.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK9% ₹2,105 Cr 15,000,529
↑ 1,400,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹1,547 Cr 14,700,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 19 | RELIANCE7% ₹1,519 Cr 5,200,000
↑ 400,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 10 | SBIN6% ₹1,429 Cr 19,100,644 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 16 | ITC5% ₹1,056 Cr 26,000,000
↑ 1,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 07 | LT4% ₹939 Cr 2,700,529 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | 5322154% ₹828 Cr 7,700,080 NTPC Ltd (Utilities)
Equity, Since 30 Apr 20 | 5325553% ₹722 Cr 21,500,000 Tata Power Co Ltd (Utilities)
Equity, Since 30 Jun 23 | 5004003% ₹706 Cr 19,000,000
↓ -1,000,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 21 | 5000343% ₹676 Cr 1,040,326
↑ 30,000 ICICI Prudential Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 8.98% Equity 91.02% Equity Sector Allocation
Sector Value Financial Services 22.11% Energy 12.63% Consumer Cyclical 11.33% Industrials 9.5% Technology 8.99% Basic Materials 6.41% Health Care 5.96% Consumer Defensive 5.3% Communication Services 3.94% Utility 3.41% Real Estate 1.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK8% ₹4,263 Cr 40,518,440 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE8% ₹4,178 Cr 14,299,648 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT7% ₹3,484 Cr 10,017,834
↑ 240,436 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY5% ₹2,814 Cr 16,812,789 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322155% ₹2,404 Cr 22,358,608
↑ 1,737,043 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI5% ₹2,375 Cr 2,103,659 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | ULTRACEMCO4% ₹2,065 Cr 2,087,320
↑ 26,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL4% ₹1,949 Cr 17,348,738 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹1,480 Cr 10,547,948 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 15 | SUNPHARMA3% ₹1,400 Cr 8,869,143
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.
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