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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 November 12, 2019 , 64 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
₹105.7 ↑ 0.83   (0.79 %)
₹2,199 on 30 Sep 19
12 Nov 08
Equity
Large & Mid Cap
1
Moderately High
2.22
-0.06
-0.24
0.33
Not Available
0-1 Years (1%),1 Years and above(NIL)
L&T India Value Fund
Growth
Fund Details
₹35.306 ↑ 0.20   (0.57 %)
₹7,853 on 30 Sep 19
8 Jan 10
Equity
Value
4
Moderately High
2.48
-0.25
-0.73
-5.42
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
5.1%
10.9%
7.2%
6.6%
10.2%
11.2%
23.9%
L&T India Value Fund
Growth
Fund Details
4.7%
6.1%
3.2%
3.5%
7.2%
10.2%
13.7%

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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 Performance2018
2017
2016
2015
2014
Principal Emerging Bluechip Fund
Growth
Fund Details
-11%
49.1%
11.2%
6%
80.2%
L&T India Value Fund
Growth
Fund Details
-11.4%
41.3%
8.1%
12.9%
74.1%

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
₹500
₹5,000
Ravi Gopalakrishnan - 0.06 Yr.
L&T India Value Fund
Growth
Fund Details
₹500
₹5,000
Venugopal Manghat - 6.85 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Principal Emerging Bluechip Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,386
31 Oct 16₹14,000
31 Oct 17₹18,227
31 Oct 18₹16,337
31 Oct 19₹17,709
Growth of 10,000 investment over the years.
L&T India Value Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,831
31 Oct 16₹14,186
31 Oct 17₹17,700
31 Oct 18₹16,033
31 Oct 19₹16,843

Detailed portfolio Comparison

Asset Allocation
Principal Emerging Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash1.15%
Equity98.85%
Equity Sector Allocation
SectorValue
Financial Services28.31%
Basic Materials14.4%
Consumer Cyclical14.12%
Industrials10.43%
Technology7.7%
Health Care7.13%
Consumer Defensive5.73%
Utility4.76%
Energy4.28%
Communication Services1.98%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 17 | HDFCBANK
6%₹136 Cr1,107,300
↑ 31,500
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | ICICIBANK
4%₹96 Cr2,079,525
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE
3%₹74 Cr504,108
↑ 15,108
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK
3%₹62 Cr394,800
↑ 3,000
Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Mar 18 | 532978
2%₹54 Cr65,790
↑ 2,700
Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 500825
2%₹54 Cr163,800
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
2%₹50 Cr123,900
↓ -6,600
AIA Engineering Ltd (Industrials)
Equity, Since 31 May 14 | AIAENG
2%₹47 Cr273,900
↑ 6,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | 532215
2%₹46 Cr627,300
↑ 32,400
Fine Organic Industries Ltd Ordinary Shares (Basic Materials)
Equity, Since 30 Jun 18 | 541557
2%₹45 Cr236,168
Asset Allocation
L&T India Value Fund
Growth
Fund Details
Asset ClassValue
Cash2.54%
Equity97.91%
Equity Sector Allocation
SectorValue
Financial Services32.96%
Basic Materials12.96%
Energy10.46%
Consumer Cyclical9.87%
Industrials9.66%
Technology7.99%
Real Estate4.27%
Consumer Defensive3.9%
Health Care3.02%
Utility2.31%
Communication Services1.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
8%₹625 Cr14,416,300
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 15 | RELIANCE
7%₹546 Cr4,094,700
Infosys Ltd (Technology)
Equity, Since 31 Dec 10 | INFY
6%₹441 Cr5,471,000
↓ -389,200
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK
5%₹369 Cr3,006,000
↑ 338,800
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 16 | HDFC
4%₹350 Cr1,771,300
↑ 191,200
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
4%₹345 Cr2,337,100
State Bank of India (Financial Services)
Equity, Since 28 Feb 10 | SBIN
3%₹229 Cr8,459,168
↓ -3,782,278
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | 532215
3%₹217 Cr3,164,147
↑ 140,447
(A) Tri Party Repo Dealing System (Treps)
CBLO/Reverse Repo | -
3%₹199 Cr
HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 16 | HCLTECH
2%₹195 Cr1,807,400

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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