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Fincash » Principal Emerging Bluechip Vs BNP Paribas Multi Cap Fund

Principal Emerging Bluechip Fund Vs BNP Paribas Multi Cap Fund

Updated on October 16, 2019 , 49 views

BNP Paribas Multi Cap Fund and Principal Emerging Bluechip Fund both the schemes belong to the diversified category of Equity Funds. Diversified Funds are also known as Multicap or Flexicap Funds. These schemes invest their corpus in equity and equity-related instruments across companies. Diversified funds adopt a value or growth style of Investing wherein they invest in companies whose share prices are lower in comparison to their valuations, earnings, and growth potentials. Diversified schemes are considered a good investment option for long-term tenure. Though Principal Emerging Bluechip Fund and BNP Paribas Multi Cap Fund belong to the same category yet, they differ on account of numerous parameters such as current NAV, CAGR returns, AUM, and so on. So, let us understand the differences between these schemes through this article.

Principal Emerging Bluechip Fund

Principal Emerging Bluechip Fund is an open-ended diversified scheme of Principal Mutual Fund. This scheme was launched in the month of November 2008. Principal Emerging Bluechip Fund is solely managed by Mr. Dhimant Shah and its uses S&P BSE 250 Large Midcap Index as its benchmark index to build its portfolio. The objective of Principal Emerging Bluechip Fund is to attain long-term capital appreciation by predominantly investing in shares of large-cap and mid-cap companies. As on March 31, 2018, some of the constituents that form part of Principal Emerging Bluechip Fund’s portfolio are IndusInd Bank Limited, AIA Engineering Limited, Ramkrishna Forgings Limited, and Aurobindo Pharma Limited. The risk-appetite of Principal Emerging Bluechip Fund is moderately high. Individuals seeking for a fund that invests in stocks and equity derivatives of large and mid-cap companies can choose to invest in Principal Emerging Bluechip Fund.

BNP Paribas Multi Cap Fund (Erstwhile BNP Paribas Dividend Yield Fund)

BNP Paribas Multi Cap Fund (earlier known as BNP Paribas Dividend Yield Fund) is managed and offered by BNP Paribas Mutual Fund. This scheme is suitable for individuals seeking for capital growth along with regular income stream from a portfolio of high dividend yield stocks. BNP Paribas Multi Cap Fund is jointly managed by Mr. Karthikraj Lakshmanan and Mr. Abhijeet Dey. This scheme was incepted on September 15, 2005. The scheme uses NIFTY 200 TRI Index as its benchmark to construct its portfolio. The scheme aims form capital appreciation from a portfolio of equity and equity-related instruments, mainly into high dividend yield stocks. These stocks are at ones whose dividend yield at the time of investment is more than 0.5%. As on March 31, 2018, some of the top constituents of BNP Paribas Multi Cap Fund are Hero MotoCorp Limited, Deepak Fertilizers and Petrochemicals Corporation Limited, Larsen & Toubro Limited, and HDFC Bank Limited.

Principal Emerging Bluechip Fund Vs BNP Paribas Multi Cap Fund

There are a number of differences between Principal Emerging Bluechip Fund and BNP Paribas Multi Cap Fund on the basis of numerous parameters. So, let us understand the differences between these schemes by analyzing these parameters that are categorized into four sections. These sections are basics section, performance section, yearly performance section, and other details section.

Basics Section

This section is the first section in the comparison and includes elements such as Current NAV, Fincash Rating, and scheme category. To begin with Fincash Rating, it can be said the Principal Emerging Bluechip Fund is rated as 5-Star while, BNP Paribas Multi Cap Fund is rated as 4-Star scheme. The comparison of scheme category reveals that both the schemes belong to the same category of Equity Diversified. However, the comparison of NAV reveals a difference between both the schemes. As on April 26, 2018, the NAV of Principal Emerging Bluechip Fund was approximately INR 110 while of BNP Paribas Multi Cap Fund was approximately INR 47. The summary of 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
Principal Emerging Bluechip Fund
Growth
Fund Details
₹103.74 ↑ 1.25   (1.22 %)
₹2,057 on 31 Aug 19
12 Nov 08
Equity
Large & Mid Cap
1
Moderately High
2.22
-1.11
-0.5
-3.11
Not Available
0-1 Years (1%),1 Years and above(NIL)
BNP Paribas Multi Cap Fund
Growth
Fund Details
₹47.913 ↑ 0.37   (0.79 %)
₹682 on 31 Aug 19
15 Sep 05
Equity
Multi Cap
18
Moderately High
2.78
-0.52
-0.36
3.42
Not Available
0-12 Months (1%),12 Months and above(NIL)

Performance Section

The comparable parameter forming part of the performance section is Compounded Annual Growth Rate or CAGR returns. These CAGR returns are compared at various time intervals such as 3 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. The comparison of the CAGR returns shows that in many instances, Principal Emerging Bluechip Fund has performed better. 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
Principal Emerging Bluechip Fund
Growth
Fund Details
8.3%
3.1%
-0.3%
7.2%
7.3%
13.5%
23.9%
BNP Paribas Multi Cap Fund
Growth
Fund Details
6.8%
3.1%
2.6%
11.2%
8.2%
10%
11.8%

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Yearly Performance Section

Being the third section in the comparison, it analyzes the difference in the absolute returns generated by both the schemes for a particular year. The analysis of the yearly performance section also shows that, in many instances, Principal Emerging Bluechip Fund leads the race. The summary comparison of the yearly performance section is tabulated as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Principal Emerging Bluechip Fund
Growth
Fund Details
-11%
49.1%
11.2%
6%
80.2%
BNP Paribas Multi Cap Fund
Growth
Fund Details
-12%
42.6%
1.9%
6.7%
49.7%

Other Details Section

AUM, minimum SIP investment, and minimum lumpsum investment are some of the comparable elements forming part of the other details section. The minimum SIP investment is different for both the schemes. In case of Principal Mutual Fund’s scheme, the minimum SIP investment is INR 2,000 while in case of BNP Paribas Mutual Fund’s scheme, it is INR 500. Even the comparison of AUM shows a significant difference between both the schemes. The AUM of Principal Emerging Bluechip Fund is approximately INR 1,657 Crores and of BNP Paribas Multi Cap Fund is approximately INR 797 Crores as of March 31, 2018. However, the minimum lumpsum investment is same for both the schemes, that is, INR 5,000. The summary of other details section is as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Principal Emerging Bluechip Fund
Growth
Fund Details
₹500
₹5,000
Dhimant Shah - 7.92 Yr.
BNP Paribas Multi Cap Fund
Growth
Fund Details
₹300
₹5,000
Abhijeet Dey - 2.65 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Principal Emerging Bluechip Fund
Growth
Fund Details
DateValue
30 Sep 14₹10,000
30 Sep 15₹11,938
30 Sep 16₹14,547
30 Sep 17₹17,991
30 Sep 18₹17,870
30 Sep 19₹18,153
Growth of 10,000 investment over the years.
BNP Paribas Multi Cap Fund
Growth
Fund Details
DateValue
30 Sep 14₹10,000
30 Sep 15₹11,397
30 Sep 16₹12,304
30 Sep 17₹15,180
30 Sep 18₹14,452
30 Sep 19₹15,626

Detailed portfolio Comparison

Asset Allocation
Principal Emerging Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash1.45%
Equity98.53%
Debt0.02%
Equity Sector Allocation
SectorValue
Financial Services29.14%
Consumer Cyclical15.49%
Basic Materials13.95%
Industrials9.74%
Technology8.99%
Health Care6.86%
Consumer Defensive5.77%
Utility4.66%
Energy3.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 17 | HDFCBANK
6%₹132 Cr1,075,800
↑ 30,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | ICICIBANK
4%₹90 Cr2,079,525
↓ -9,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE
3%₹65 Cr489,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK
3%₹64 Cr391,800
↑ 1,800
Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Mar 18 | 532978
2%₹54 Cr63,090
↑ 510
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
2%₹53 Cr130,500
↓ -8,400
Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 500825
2%₹48 Cr163,800
↑ 7,800
AIA Engineering Ltd (Industrials)
Equity, Since 31 May 14 | AIAENG
2%₹48 Cr267,900
↑ 12,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 16 | INFY
2%₹46 Cr564,900
↑ 24,381
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Mar 19 | 540719
2%₹45 Cr534,000
↑ 135,000
Asset Allocation
BNP Paribas Multi Cap Fund
Growth
Fund Details
Asset ClassValue
Cash5.92%
Equity94.08%
Equity Sector Allocation
SectorValue
Financial Services36.28%
Basic Materials15.42%
Consumer Defensive12.29%
Technology6.93%
Energy6.02%
Utility5.78%
Industrials5.66%
Consumer Cyclical4.37%
Communication Services2.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK
10%₹68 Cr554,000
↓ -26,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 18 | ICICIBANK
8%₹58 Cr1,338,000
↓ -232,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 18 | KOTAKBANK
4%₹30 Cr185,000
↑ 20,000
Net Receivables / (Payables)
Net Current Assets | -
4%₹30 Cr
Infosys Ltd (Technology)
Equity, Since 30 Sep 12 | INFY
4%₹28 Cr344,700
↓ -41,300
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 500696
4%₹26 Cr133,400
↑ 40,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹26 Cr374,000
↑ 75,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE
3%₹22 Cr167,000
↓ -10,000
Gujarat Gas Ltd (Utilities)
Equity, Since 31 Mar 17 | 539336
3%₹22 Cr1,240,653
↑ 60,000
ICICI Prudential Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | ICICIPRULI
3%₹21 Cr460,000
↓ -101,000

As a result, we can conclude that there are differences between BNP Paribas Multi Cap Fund and Principal Emerging Bluechip Fund based on the above parameters. As a result, individuals should pay extra caution while investing in any of the schemes. They should understand the schemes thoroughly and check whether it suits their requirements or not. This will help them to attain their objectives on time along with ensuring the safety of their investment.

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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