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Fincash » Principal Emerging Bluechip Vs Principal Multi Cap Growth Fund

Principal Emerging Bluechip Fund Vs Principal Multi Cap Growth Fund

Updated on September 16, 2019 , 82 views

Principal Emerging Bluechip Fund and Principal Multi Cap Growth Fund both belong to the diversified equity category of Mutual Fund. Diversified Funds, in simple terms, are the Mutual Fund schemes that invest their pooled money in shares of companies across market capitalization. On a general note, these funds invest around 46-60% of their corpus in Large cap funds, 10-40% of their corpus in mid cap funds, and up to 10% of their corpus in Small cap funds. Diversified Funds are also known as Flexicap or Multicap Funds. In certain instances, sometimes the funds may or may not invest their corpus in small-cap funds. These schemes follow a value or growth style of investing in Mutual Funds. Though Principal Emerging Bluechip Fund and Principal Multi Cap Growth Fund are a part of the same category, nevertheless; they differ on account of numerous parameters. So, let us understand the differences between these schemes through this articles.

Principal Emerging Bluechip Fund

Principal Emerging Bluechip Fund is offered and managed by Principal Mutual Fund. The benchmark index used by Principal Emerging Bluechip Fund to construct its portfolio is S&P BSE 250 Large Midcap Index. This scheme was launched on November 12, 2008. Principal Emerging Bluechip Fund is solely managed by Mr. Dhimant Shah. IndusInd Bank Limited, AIA Engineering Limited, Ramkrishna Forgings Limited, and Aurobindo Pharma Limited. Are some of the top holdings that form part of this scheme’s portfolio. As per the Asset Allocation objective 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. This scheme is suitable for investors looking for Investing in shares of large & mid-cap companies thereby attaining an appreciation of capital in the long-term.

Principal Multi Cap Growth Fund

The objective of Principal Multi Cap Growth Fund (earlier known as Principal Growth Fund) is to attain capital appreciation in the long-term tenure. This scheme of Principal Mutual Fund is an open-ended diversified scheme that invests in large-cap, mid-cap, and small-cap funds. The scheme uses Nifty 500 Index as its benchmark to build its portfolio. The fund manager managing Principal Multi Cap Growth Fund is Mr. P.V. K. Mohan. Based on the asset allocation objective of the scheme, it invests around 65-100% of its pooled money in equity and equity-related instruments of various companies while the remaining in shares of fixed income and money market instruments. As on March 31, 2018, some of the top constituents of Principal Multi Cap Growth Fund consisted of City Union Bank Limited, ITC Limited, NTPC Limited, HCL Technologies Limited, and Britannia Industries Limited.

Principal Emerging Bluechip Fund Vs Principal Multi Cap Growth Fund

Principal Emerging Bluechip Fund and Principal Multi Cap Growth Fund differ on account of numerous parameters. So, let us understand the differences between both the schemes by analyzing these parameters that are categorized into four section as follows.

Basics Section

Being the first section in the comparison, it includes parameters such as current NAV, scheme category, and Fincash Rating. With respect to scheme category, it can be said that both the schemes belong to the scheme category of Equity Diversified. The comparison of Fincash Rating states that Principal Emerging Bluechip Fund is rated as 5-Star rated scheme and Principal Multi Cap Growth Fund is rated as 4-Star rated scheme. The current NAV of both the schemes show that there is a difference between both the schemes. As on April 26, 2018, the NAV of Principal Emerging Bluechip Fund is nearly INR 110 and of Principal Multi Cap Growth Fund is around INR 148. The summary of the basics section is 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
Principal Emerging Bluechip Fund
Growth
Fund Details
₹95.8 ↑ 0.26   (0.27 %)
₹2,051 on 31 Jul 19
12 Nov 08
Equity
Large & Mid Cap
1
Moderately High
2.52
-0.86
-0.37
-4.97
Not Available
0-1 Years (1%),1 Years and above(NIL)
Principal Multi Cap Growth Fund
Growth
Fund Details
₹129.4 ↑ 0.48   (0.37 %)
₹832 on 31 Jul 19
25 Oct 00
Equity
Multi Cap
12
Moderately High
2.78
-0.66
0.08
-2.96
Not Available
0-365 Days (1%),365 Days and above(NIL)

Performance Section

This section compares the CAGR or Compounded Annual Growth Rate returns of both the schemes at different intervals. These time intervals include 1 Month Return, 3 Month Return, 1 Year Return, and Return since Inception. The comparison of CAGR returns reveals that in many instances, 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
0.2%
-6.5%
-6.9%
-11.4%
5.7%
10.6%
23.2%
Principal Multi Cap Growth Fund
Growth
Fund Details
-1.6%
-7.9%
-8.2%
-10.4%
5.7%
7.5%
14.5%

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Yearly Performance Section

The comparison of absolute returns generated by the schemes for a particular year is compared in the yearly performance section. The analysis of the yearly performance section states that in certain years Principal Emerging Bluechip Fund has performed better while in others, Principal Multi Cap Growth Fund has done well. The table given below summarizes the comparison of 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%
Principal Multi Cap Growth Fund
Growth
Fund Details
-8.7%
48.7%
6.4%
2.8%
49.4%

Other Details Section

This being the last section in the comparison includes elements such as AUM, minimum SIP investment, and minimum lumpsum investment. The minimum SIP and lumpsum investment are same for both the schemes. The SIP amount for both the schemes is INR 2,000 while the lumpsum amount for both the schemes is INR 5,000. However, there is a significant difference between the AUM of both the schemes. As on March 31, 2018, the AUM of Principal Emerging Bluechip Fund is approximately INR 1,657 Crores and of Principal Multi Cap Growth Fund is around INR 629 Crores. The table given below summarizes the comparison of other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Principal Emerging Bluechip Fund
Growth
Fund Details
₹500
₹5,000
Dhimant Shah - 7.92 Yr.
Principal Multi Cap Growth Fund
Growth
Fund Details
₹500
₹5,000
Ravi Gopalakrishnan - 0.01 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 Aug 14₹10,000
31 Aug 15₹12,696
31 Aug 16₹15,220
31 Aug 17₹18,692
31 Aug 18₹20,968
31 Aug 19₹17,802
Growth of 10,000 investment over the years.
Principal Multi Cap Growth Fund
Growth
Fund Details
DateValue
31 Aug 14₹10,000
31 Aug 15₹10,727
31 Aug 16₹12,656
31 Aug 17₹15,486
31 Aug 18₹17,534
31 Aug 19₹15,290

Detailed portfolio Comparison

Asset Allocation
Principal Emerging Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash2.67%
Equity97.3%
Debt0.02%
Equity Sector Allocation
SectorValue
Financial Services28.13%
Consumer Cyclical14.94%
Basic Materials13.39%
Industrials9.81%
Technology9.27%
Health Care7.15%
Consumer Defensive5.85%
Utility4.96%
Energy3.8%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 17 | HDFCBANK
6%₹116 Cr522,900
↑ 9,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | ICICIBANK
4%₹86 Cr2,088,525
↓ -60,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE
3%₹61 Cr489,000
↑ 30,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK
3%₹56 Cr390,000
↑ 63,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 18 | TCS
2%₹48 Cr210,900
↑ 3,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
2%₹46 Cr138,900
↓ -15,000
Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Mar 18 | 532978
2%₹45 Cr62,580
Infosys Ltd (Technology)
Equity, Since 31 Jan 16 | INFY
2%₹44 Cr540,519
↑ 9,000
L&T Technology Services Ltd (Technology)
Equity, Since 31 Jul 17 | LTTS
2%₹42 Cr261,900
↑ 6,000
Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 500825
2%₹42 Cr156,000
↓ -16,808
Asset Allocation
Principal Multi Cap Growth Fund
Growth
Fund Details
Asset ClassValue
Cash3.64%
Equity95.71%
Debt0.65%
Other0%
Equity Sector Allocation
SectorValue
Financial Services32.93%
Consumer Defensive12.11%
Basic Materials11.35%
Technology10.22%
Industrials7.81%
Consumer Cyclical7.26%
Energy5.52%
Health Care5.4%
Communication Services1.94%
Utility1.59%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
6%₹54 Cr238,165
↑ 36,800
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹51 Cr1,205,237
↑ 96,800
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE
4%₹34 Cr294,332
State Bank of India (Financial Services)
Equity, Since 30 Nov 08 | SBIN
4%₹34 Cr1,031,789
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT
4%₹32 Cr232,496
↑ 59,800
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
4%₹32 Cr143,460
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
4%₹29 Cr192,252
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 08 | ITC
3%₹29 Cr1,076,641
Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY
3%₹28 Cr349,284
↑ 53,000
Marico Ltd (Consumer Defensive)
Equity, Since 31 Aug 18 | 531642
3%₹22 Cr610,500

Therefore, it can be concluded that there are numerous differences between both the schemes. Consequently, individuals should be careful while investing in any of the schemes. They should check whether the scheme matches their investment objective or not and understand its modalities thoroughly. If required, people can also consult a financial advisor. This will help them to get more clarity and ensure that 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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