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Fincash » Principal Emerging Bluechip Vs L&T India Value Fund

Principal Emerging Bluechip Fund Vs L&T India Value Fund

Updated on May 24, 2020 , 151 views

Principal Emerging Bluechip Fund and L&T India value fund both belong to the diversified category of Equity Funds. Diversified Funds invest their corpus across market capitalization i.e. large, mid and small cap. These schemes try to harness the opportunities in stocks forming part of various market capitalization and earn maximum returns for their investors. On a general note, diversified funds invest around 40-60% of their pooled money in large-cap stocks, 10-40% in mid-cap stocks, while the remaining in small-cap stocks. These schemes follow value Investing strategy wherein; they invest in stocks whose prices are lower in comparison to their performance, earnings, growth potentials, and so on. Though Principal Emerging Bluechip Fund and L&T India Value Fund belong to the same category of equity funds nevertheless; there are differences between them. This article attempts to bring out such differences.

Principal Emerging Bluechip Fund

Principal Emerging Bluechip Fund is a part of Principal Mutual Fund that invests in both large-cap and mid-cap stocks. Based on the Asset Allocation of the scheme, it invests around 35-65% of its fund money in equity and equity-related instruments of large-cap and mid-cap companies respectively. While the remaining fund money is invested in either stocks of companies belonging to other market capitalization or in fixed income and money market instruments to a maximum limit of 30%. Principal Emerging Bluechip Fund was launched on November 12, 2008, and uses S&P BSE 250 Large Midcap Index as its base to build its portfolio. This scheme is suitable for individuals seeking capital growth in the long-term by investing in shares of large & mid-cap companies.

L&T India Value Fund

L&T India Value Fund is an open-ended diversified scheme offered by L&T Mutual Fund. This scheme was launched on January 08, 2010. The objective of L&T India Value Fund is to attain long-term capital appreciation that is generated from a diversified portfolio consisting of equity and equity-related schemes. The scheme uses S&P BSE 200 TRI Index as its benchmark to build its portfolio. Mr. Venugopal Mangat and Mr. Karan Desai jointly manage the L&T India Value Fund. As per the scheme’s asset allocation, it invests approximately around 80-100% of its corpus in shares of equity and equity-related securities and up to 20% of its corpus in fixed income and money market instruments. Some of the key benefits of L&T India Value Fund include long-term wealth creator, style diversification, and 360-degree research.

Principal Emerging Bluechip Fund Vs L&T India Value Fund

Principal Emerging Bluechip Fund and L&T India Value Fund differ on account of numerous parameters though they belong to the same category. So, let’s understand these differences between them that are categorized into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

Current NAV, scheme category, and Fincash Rating are some of the comparable elements forming part of the basics section. The comparison of Fincash Rating reveals that both the schemes are rated as 5-Star schemes. Even comparing the scheme category, it can be said that both the schemes belong to the same category of Equity Diversified. However, there is a drastic difference between the NAV of both the schemes. As on April 24, 2018, the NAV of Principal Emerging Bluechip Fund was approximately INR 110 while of L&T India Value Fund was approximately INR 38. The table given below summarizes the comparison of the basics section.

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
₹86.54 ↑ 0.41   (0.48 %)
₹1,822 on 30 Apr 20
12 Nov 08
Equity
Large & Mid Cap
1
Moderately High
2.22
-0.28
-0.07
5.15
Not Available
0-1 Years (1%),1 Years and above(NIL)
L&T India Value Fund
Growth
Fund Details
₹27.21 ↑ 0.11   (0.41 %)
₹5,710 on 30 Apr 20
8 Jan 10
Equity
Value
4
Moderately High
2.19
-0.5
-1.33
-1.62
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

It is the second section in the comparison of both the schemes. This section compares the Compounded Annual Growth Rate or CAGR returns of both the schemes at different time intervals. The comparison of performance section reveals that in most time intervals, Principal Emerging Bluechip Fund leads the race. The summary comparison of the performance section is tabulated as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Principal Emerging Bluechip Fund
Growth
Fund Details
-0.7%
-22.7%
-18.6%
-17.1%
-2.6%
4.9%
20.6%
L&T India Value Fund
Growth
Fund Details
0.8%
-24.6%
-23.8%
-25.7%
-7%
2.8%
10.1%

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Yearly Performance Section

The comparison of absolute returns generated by both the schemes for a particular year is compared in this section. The comparison of absolute returns reveals that for certain years, Principal Emerging Bluechip Fund has performed better while in others L&T India Value Fund has done better. The table given below summarizes the comparison of the yearly performance section.

Parameters
Yearly Performance2019
2018
2017
2016
2015
Principal Emerging Bluechip Fund
Growth
Fund Details
6.8%
-11%
49.1%
11.2%
6%
L&T India Value Fund
Growth
Fund Details
4.6%
-11.4%
41.3%
8.1%
12.9%

Other Details Section

It is the last section of comparison and includes parameters such as AUM, minimum SIP investment, and minimum lumpsum investment. The minimum lumpsum amount for both the schemes is similar, that is, INR 5,000. On the other hand, the minimum SIP amount in case of both the schemes is different. In case of Principal Emerging Bluechip Fund, the minimum SIP amount is INR 2,000 while for L&T India Value Fund, it is INR 500. In addition, the comparison of AUM reveals that there is a significant difference in the AUM of both the schemes. As on March 31, 2018, the AUM of Principal Mutual Fund’s scheme was approximately INR 1,657 Crores while of L&T Mutual Fund’s scheme was nearly INR 7,347 Crores. The summary comparison of the other details section is tabulated as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Principal Emerging Bluechip Fund
Growth
Fund Details
₹100
₹5,000
Ravi Gopalakrishnan - 0.47 Yr.
L&T India Value Fund
Growth
Fund Details
₹500
₹5,000
Venugopal Manghat - 7.35 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 Apr 15₹10,000
30 Apr 16₹10,151
30 Apr 17₹14,317
30 Apr 18₹16,879
30 Apr 19₹15,583
30 Apr 20₹13,930
Growth of 10,000 investment over the years.
L&T India Value Fund
Growth
Fund Details
DateValue
30 Apr 15₹10,000
30 Apr 16₹10,371
30 Apr 17₹14,565
30 Apr 18₹16,415
30 Apr 19₹15,313
30 Apr 20₹12,333

Detailed portfolio Comparison

Asset Allocation
Principal Emerging Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash1.8%
Equity98.2%
Equity Sector Allocation
SectorValue
Financial Services23.36%
Consumer Cyclical14.66%
Basic Materials11.69%
Industrials11.45%
Health Care9.89%
Technology9.05%
Consumer Defensive5.83%
Energy5.71%
Utility3.75%
Communication Services2.8%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 17 | HDFCBANK
6%₹104 Cr1,034,250
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE
5%₹88 Cr603,090
↑ 31,017
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | ICICIBANK
5%₹88 Cr2,306,625
↑ 467,250
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Aug 18 | DIVISLAB
3%₹56 Cr240,900
Infosys Ltd (Technology)
Equity, Since 31 Jan 16 | INFY
3%₹56 Cr777,880
↑ 125,500
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK
3%₹50 Cr366,100
Torrent Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Oct 09 | TORNTPHARM
3%₹47 Cr201,900
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 15 | 532504
3%₹47 Cr298,213
Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Sep 17 | 540699
3%₹46 Cr99,900
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 18 | TCS
2%₹45 Cr224,300
↑ 44,800
Asset Allocation
L&T India Value Fund
Growth
Fund Details
Asset ClassValue
Cash1.4%
Equity98.03%
Other0.57%
Equity Sector Allocation
SectorValue
Financial Services30.18%
Basic Materials17.47%
Energy9.73%
Technology8.19%
Consumer Cyclical7.98%
Industrials6.53%
Health Care6.34%
Consumer Defensive4.16%
Real Estate3.29%
Communication Services3.25%
Utility0.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 15 | RELIANCE
9%₹528 Cr3,600,900
↑ 3,600
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK
7%₹401 Cr4,004,700
↑ 589,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
6%₹364 Cr9,573,800
↓ -527,900
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 16 | HDFC
5%₹278 Cr1,448,800
↑ 163,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 10 | INFY
4%₹236 Cr3,296,700
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL
3%₹187 Cr3,640,800
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Oct 17 | 506395
3%₹162 Cr2,730,800
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Mar 17 | SUNPHARMA
3%₹149 Cr3,217,700
↑ 1,568,300
Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Oct 19 | 524494
3%₹146 Cr904,700
HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 16 | HCLTECH
2%₹135 Cr2,483,400
↓ -272,000

Therefore, it can be concluded in a nutshell, that both the schemes differ on account of various parameters. Resultantly, individuals should pay extra caution while investing in any of the schemes. They should match their investment objective with the scheme’s objective and understand the modalities of the scheme completely. This will help them to ensure that their money is safe and their objectives are met on time.

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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