Table of Contents
SBI Blue Chip Fund and ICICI Prudential Bluechip Fund both belong to the Large Cap Category of Equity Funds. These schemes invest their accumulated fund money in shares of large-cap companies whose Market capitalization is more than INR 10,000 crores. Large-cap companies are also known as bluechip companies and are supposed to be the market leaders in their respective Industry. A lot of people resort to large-cap companies during economic downturns as their share prices are not much volatile. These companies do provide a steady growth and returns on yearly Basis. Though both SBI Blue Chip Fund and ICICI Prudential Bluechip Fund belong to the same category of Large cap fund yet; they exhibit different attributes. So, let us understand the differences between both the schemes based on various parameters.
SBI Blue Chip Fund is a large-cap equity fund offered by SBI Mutual Fund and was launched on February 14, 2006. SBI Blue Chip Fund uses S&P BSE 100 Index as its benchmark to build its Portfolio. This objective of this scheme is to provide investors Capital growth in the long-term by Investing in shares of companies that form part of its benchmark index. Ms. Sohini Andani is the Fund Manager managing SBI Blue Chip Fund.
As on March 31, 2018, the top constituents that form part of SBI Blue Chip Fund’s portfolio include HDFC Bank Limited, Larsen & Toubro Limited, ITC Limited, Mahindra & Mahindra Limited, Nestle India Limited, etc.
SBI Blue Chip Fund is suitable for investors seeking for long-term capital growth coupled with an exposure to Indian Blue Chip companies from a medium to long-term perspective.
ICICI Prudential Bluechip Fund (earlier known as ICICI Prudential Focused Bluechip Equity Fund) is a part of ICICI Prudential Mutual Fund. This scheme was launched in the year 2008. The scheme uses Nifty 50 Index as its benchmark to construct the portfolio. Some of the key benefits of ICICI Prudential Bluechip Fund is, it invests in shares of large-cap companies having low Volatility, strong fundamentals, and capable of delivering consistent long-term returns. It follows a benchmark hugging strategy which ensures that the portfolio is well diversified and helps to reduce the overall risk. ICICI Prudential Bluechip Fund is managed by Mr. Sankaran Naren and Mr. Rajat Chandak.
The top holdings of this scheme (as on March 31, 2018) included Maruti Suzuki India Limited, Motherson Sumi Systems Limited, Larsen & Toubro Limited, and ITC Limited.
Though both SBI Blue Chip Fund and ICICI Prudential Bluechip Fund belong to the same category, yet; they differ on account of various parameters. So, let’s understand the differences between both the schemes on these parameters that are divided into four sections which are as follows.
It is the first section in the comparison of both the schemes. The comparable elements that form part of the basics section include Current NAV, Fincash Rating, and scheme category. Comparison of the current NAV reveals that there is a difference between the NAV of both the schemes. As on April 20, 2018, the NAV of SBI Blue Chip Fund was approximately INR 38 while the NAV of ICICI Prudential Bluechip Fund was approximately INR 40.
Fincash Rating says that both SBI Blue Chip Fund and ICICI Prudential Bluechip Fund are rated as 4-Star schemes.
Similarly, with respect to the scheme category, it can be said that both the schemes belong to the same category of Equity Large Cap. The table given below shows the summary of the basics section.
Parameters Basics NAV 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 ₹70.3455 ↑ 0.13 (0.19 %) ₹39,301 on 31 Jul 23 14 Feb 06 ☆☆☆☆ Equity Large Cap 9 Moderately High 1.64 1.07 0.14 2.62 Not Available 0-1 Years (1%),1 Years and above(NIL) ICICI Prudential Bluechip Fund
Growth
Fund Details ₹76.97 ↑ 0.30 (0.39 %) ₹40,286 on 31 Jul 23 23 May 08 ☆☆☆☆ Equity Large Cap 21 Moderately High 1.69 1.13 0.72 5.68 Not Available 0-1 Years (1%),1 Years and above(NIL)
The Compounded Annual Growth Rate or CAGR returns for both the schemes at different time intervals are compared in this section. Some such time intervals include 1 Month Return, 6 Month Return, 3 Year Return, and Return Since Inception. With respect to the performance, it can be said that for certain time intervals, the returns generated by both the schemes are same. While in certain intervals, SBI Blue Chip Fund leads the race and in others, ICICI Prudential Bluechip Fund lead the race. However, there is not much significant difference between the returns generated by both the schemes. The summary comparison of the performance section is tabulated as follows.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Bluechip Fund
Growth
Fund Details -1.6% 6.4% 11.9% 14.3% 21.3% 12.1% 11.8% ICICI Prudential Bluechip Fund
Growth
Fund Details 0% 9.3% 11.6% 13.9% 22.3% 12.5% 14.3%
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This section is the third section in the comparison and the element compared is absolute returns generated for a particular year. The comparison of yearly performance section also reveals that for certain years, ICICI Prudential Bluechip Fund leads the race while in others, SBI Blue Chip Fund leads the race. However, here too the difference between the returns generated by both the schemes is not different.
Parameters Yearly Performance 2022 2021 2020 2019 2018 SBI Bluechip Fund
Growth
Fund Details 4.4% 26.1% 16.3% 11.6% -4.1% ICICI Prudential Bluechip Fund
Growth
Fund Details 6.9% 29.2% 13.5% 9.8% -0.8%
It is the last section in the comparison of both the schemes. It includes elements like AUM, minimum SIP and lumpsum investment. To begin with the AUM, it can be said that the AUM of both the schemes is different with SBI Blue Chip Fund leading the race.
As on March 31, 2018, the AUM of SBI Blue Chip Fund was approximately INR 17,724 Crores while of ICICI Prudential Bluechip Fund was approximately INR 16,102 Crores.
The minimum lump sum amount for both the schemes is same, that is, INR 5,000. However, the minimum SIP investment for SBI’s scheme is INR 500 while of ICICI’s scheme is INR 1,000. The comparison summary of other details section is tabulated as follows.
Parameters Other Details Min SIP Investment Min Investment Fund Manager SBI Bluechip Fund
Growth
Fund Details ₹500 ₹5,000 Sohini Andani - 13.01 Yr. ICICI Prudential Bluechip Fund
Growth
Fund Details ₹100 ₹5,000 Anish Tawakley - 4.99 Yr.
SBI Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,431 31 Aug 20 ₹9,720 31 Aug 21 ₹14,856 31 Aug 22 ₹15,618 31 Aug 23 ₹17,552 ICICI Prudential Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,306 31 Aug 20 ₹9,636 31 Aug 21 ₹14,523 31 Aug 22 ₹15,551 31 Aug 23 ₹17,766
SBI Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.69% Equity 94.31% Equity Sector Allocation
Sector Value Financial Services 32.47% Consumer Cyclical 16.62% Consumer Defensive 11.26% Industrials 9.01% Health Care 6.65% Basic Materials 5.15% Technology 4.93% Energy 4.43% Real Estate 1.95% Communication Services 1.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK10% ₹3,982 Cr 25,341,936 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | ICICIBANK8% ₹3,073 Cr 32,053,104
↓ -1,000,000 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC6% ₹2,155 Cr 49,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 09 | LT5% ₹2,044 Cr 7,562,209 Infosys Ltd (Technology)
Equity, Since 30 Nov 17 | INFY5% ₹1,915 Cr 13,342,178 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 22 | 5000344% ₹1,647 Cr 2,300,000
↑ 240,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 15 | RELIANCE4% ₹1,461 Cr 6,070,915 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Apr 21 | 5328273% ₹1,273 Cr 317,000 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 Oct 14 | 5008253% ₹1,070 Cr 2,394,972
↑ 300,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 12 | DIVISLAB3% ₹999 Cr 2,781,710 ICICI Prudential Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 10.25% Equity 89.75% Equity Sector Allocation
Sector Value Financial Services 27.23% Energy 10.57% Technology 10.16% Consumer Cyclical 9.94% Industrials 9.21% Basic Materials 5.84% Consumer Defensive 5.29% Health Care 4.43% Communication Services 4.08% Utility 1.96% Real Estate 1.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK9% ₹3,798 Cr 39,610,273 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT8% ₹3,019 Cr 11,169,307 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE7% ₹2,849 Cr 11,835,968
↓ -279,789 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY6% ₹2,385 Cr 16,615,770 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹2,370 Cr 15,080,693 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322155% ₹1,972 Cr 20,257,122 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | ULTRACEMCO4% ₹1,588 Cr 1,913,823 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL4% ₹1,455 Cr 16,990,151
↑ 1,086,101 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI4% ₹1,448 Cr 1,447,384
↑ 59,838 ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 08 | ITC2% ₹825 Cr 18,766,699
↓ -3,185,600
Thus, from the above points, it can be concluded that both the schemes differ from each other on account of various parameters. As a result, individuals should be very careful while choosing a scheme to invest. They should understand the modalities of the scheme completely before investing in it. Also, if required, investors can get an opinion from financial advisors. This will help them to ensure that their objectives are attained along with the money being safe.
Very nice comparison of top funds. I like the details being displayed in the article.