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Fincash » SBI Blue Chip Fund Vs Nippon India Large Cap Fund

SBI Blue Chip Fund Vs Nippon India Large Cap Fund

Updated on December 2, 2021 , 3947 views

SBI Blue Chip Fund and Nippon India Large Cap Fund (Formerly known as Reliance Large Cap Fund) both belong to the large-cap category of Equity Funds. Large cap funds, in general, are those schemes whose pooled money is invested in equity and equity-related instruments of companies that are huge in size. When segregated on the Basis of market capitalization, large-cap companies form the top of the pyramid. They are also known as blue chip companies and are considered to be the market leaders in their industry.

These companies are reputed for their performance. Even when the Economy is not performing well, the share prices of large-cap companies do not fluctuate much. Though SBI Blue Chip Fund Vs Reliance/Nippon India Large Cap Fund belong to the same category of large-cap funds, they differ on account of various parameters such as NAV, performance, and so on. So, let us compare and check the differences between these schemes.

About SBI Blue Chip Fund

SBI Blue Chip Fund is a part of SBI Mutual Fund that was launched on February 14, 2006. The objective of this open-ended large-cap scheme is to attain long-term Capital growth from a diversified portfolio of equity stocks. However, the market capitalization of these stocks is more than the least market capitalization of share forming part of S&P BSE 100 Index. SBI Blue Chip Fund uses S&P BSE 100 Index as its benchmark to construct its portfolio. As on March 31, 2018, some of the top holdings of SBI Blue Chip Fund consisted of HDFC Bank Limited, Larsen & Toubro Limited, ITC Limited, and Nestle India Limited. SBI Blue Chip Fund is solely managed by Ms. Sohini Andani.

About Nippon India/Reliance Large Cap Fund

Nippon India Large Cap FUnd is an open-ended large-cap fund was incepted in the year 2007. The objective of this fund is to achieve capital appreciation in the long-term by Investing in equity and equity-related instruments of large-cap companies. Reliance/Nippon India Large Cap Fund also aims to invest in companies who are leaders or potential leaders in their particular industry. In addition, these companies have established business models and sustainable free cash flows. The scheme uses S&P BSE 200 Index as its benchmark to construct its portfolio. Reliance Large Cap Fund is jointly managed by Mr. Shailesh Raj Bhan and Mr. Ashwani Kumar. Some of the top holdings of Reliance Large Cap Fund Fund as on March 31, 2018, consisted of HDFC Bank Limited, State Bank of India, Larsen & Toubro Limited, ICICI Bank Limited, and ACC Limited.

Important Information

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.

SBI Blue Chip Fund Vs Nippon India/Reliance Large Cap Fund

Though SBI Blue Chip Fund and Nippon India Large Cap Fund belong to the same category, nonetheless, there are differences between them. So, let us understand the differences between both the schemes by comparing various parameters that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

Basics section is the first section in the comparison of both the schemes. The comparable elements forming part of the basics section include current NAV, Fincash Rating, scheme category, and so on. The comparison of scheme category reveals that both SBI Blue Chip Fund and Nippon India Large Cap Fund belong to the same category, that is, Equity Large Cap. With respect to Fincash Rating, it can be said that both the schemes are rated as 4-Star schemes. However, the comparison of current NAV reveals that there is a difference between the NAV of both the schemes. As on April 23, 2018, the NAV of SBI Blue Chip Fund was approximately INR 38, however; the NAV of Reliance Large Cap Fund was approximately INR 32. The comparison of basics section is summarized 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
SBI Bluechip Fund
Growth
Fund Details
₹60.4075 ↓ -0.50   (-0.81 %)
₹32,031 on 31 Oct 21
14 Feb 06
Equity
Large Cap
9
Moderately High
1.8
2.64
-0.02
-1.63
Not Available
0-1 Years (1%),1 Years and above(NIL)
Nippon India Large Cap Fund
Growth
Fund Details
₹49.3816 ↓ -0.34   (-0.68 %)
₹11,279 on 31 Oct 21
8 Aug 07
Equity
Large Cap
20
Moderately High
1.88
2.92
-0.6
3.12
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

This being the second section, it compares the CAGR or Compounded Annual Growth Rate returns between both the schemes. These CAGR returns are compared at different time intervals such as 6 Month Return, 3 Year Return, 5 Year Return, and Return since Inception. The comparison of CAGR shows that the returns generated by both the schemes are similar at almost all the time intervals. However, in many instances, SBI Blue Chip Fund leads the race. The comparison of the performance section is tabulated as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Bluechip Fund
Growth
Fund Details
-3.6%
-0.1%
10.1%
32.1%
17.7%
15.1%
12.1%
Nippon India Large Cap Fund
Growth
Fund Details
-4%
1.3%
12.5%
40.1%
14.5%
15.6%
11.8%

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Yearly Performance Section

It is the third section in the comparison of both the schemes that compares the absolute returns generated by each scheme for a particular year. The comparison of yearly performance section reveals that for certain years the performance of SBI Blue Chip Fund is better than the performance of Reliance Large Cap Fund. While in others, Reliance Large Cap Fund has done better than SBI Blue Chip Fund. The table given below shows the summary comparison of the yearly performance section.

Parameters
Yearly Performance2020
2019
2018
2017
2016
SBI Bluechip Fund
Growth
Fund Details
16.3%
11.6%
-4.1%
30.2%
4.8%
Nippon India Large Cap Fund
Growth
Fund Details
4.9%
7.3%
-0.2%
38.4%
2.2%

Other Details Section

It is the last section in the comparison of both the schemes that includes elements like AUM, minimum SIP investment, and minimum lumpsum investment. With respect to AUM, it can be said that both the schemes differ drastically. As on March 31, 2018, the AUM of SBI Blue Chip Fund was approximately INR 17,724 Crores while of Reliance Large Cap Fund was approximately INR 8,825 Crores. However, the minimum lumpsum investment for both the schemes is same, that is, INR 5,000. Nevertheless, the minimum SIP amount for both the schemes is different. For Nippon India/Reliance Large Cap Fund, the minimum SIP amount is INR 100 and for SBI Blue Chip Fund, the amount is INR 500. The table given below summarizes the comparison of other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Bluechip Fund
Growth
Fund Details
₹500
₹5,000
Sohini Andani - 11.18 Yr.
Nippon India Large Cap Fund
Growth
Fund Details
₹100
₹5,000
Sailesh Raj Bhan - 14.24 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Bluechip Fund
Growth
Fund Details
DateValue
30 Nov 16₹10,000
30 Nov 17₹12,385
30 Nov 18₹12,185
30 Nov 19₹13,565
30 Nov 20₹14,800
30 Nov 21₹19,632
Growth of 10,000 investment over the years.
Nippon India Large Cap Fund
Growth
Fund Details
DateValue
30 Nov 16₹10,000
30 Nov 17₹13,257
30 Nov 18₹13,440
30 Nov 19₹14,483
30 Nov 20₹14,035
30 Nov 21₹19,916

Detailed portfolio Comparison

Asset Allocation
SBI Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash1.59%
Equity98.41%
Equity Sector Allocation
SectorValue
Financial Services33.17%
Consumer Cyclical13.69%
Technology10.93%
Industrials8.55%
Health Care7.55%
Energy6.65%
Basic Materials6.61%
Consumer Defensive5.24%
Real Estate3.26%
Communication Services2.14%
Utility0.14%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK
9%₹2,778 Cr17,550,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | ICICIBANK
8%₹2,442 Cr30,443,104
Infosys Ltd (Technology)
Equity, Since 30 Nov 17 | INFY
6%₹1,807 Cr10,835,178
↑ 500,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Jan 16 | HCLTECH
4%₹1,389 Cr12,148,030
↓ -500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 09 | LT
4%₹1,336 Cr7,562,209
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 15 | HDFC
4%₹1,323 Cr4,650,000
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 12 | DIVISLAB
4%₹1,199 Cr2,328,298
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹1,046 Cr46,874,904
State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN
3%₹972 Cr19,349,243
↓ -1,000,000
Shree Cement Ltd (Basic Materials)
Equity, Since 31 Dec 17 | 500387
2%₹787 Cr275,000
Asset Allocation
Nippon India Large Cap Fund
Growth
Fund Details
Asset ClassValue
Cash1.69%
Equity98.13%
Other0.18%
Equity Sector Allocation
SectorValue
Financial Services34.68%
Industrials11.41%
Technology10.58%
Consumer Cyclical8.85%
Communication Services8.35%
Consumer Defensive7.55%
Energy7.37%
Utility3.53%
Basic Materials3.29%
Health Care2.51%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK
7%₹791 Cr5,000,000
↑ 880,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 10 | SBIN
7%₹738 Cr14,700,000
↓ -1,800,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹722 Cr9,003,161
↑ 1,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
6%₹685 Cr10,000,683
↓ -500,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 19 | HCLTECH
5%₹618 Cr5,400,927
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 19 | RELIANCE
5%₹571 Cr2,250,000
↓ -450,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 19 | HDFC
5%₹569 Cr2,000,315
↓ -300,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 07 | LT
5%₹539 Cr3,050,000
↑ 250,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 16 | ITC
5%₹513 Cr23,000,000
↓ -1,000,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 20 | 532555
4%₹398 Cr30,013,410
↓ -1,000,000

Therefore, from the above-mentioned sections, it can be said that both the schemes portray different attributes even though they belong to the same category. As a consequence, investors should pay a lot of attention before choosing any of the schemes to invest. They should ensure whether the scheme matches their investment objective or not. Also, they should understand its modalities completely. This will help the investors to achieve their goal on-time and ensure that their investment is safe.

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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