SBI Bluechip Fund Vs Kotak Bluechip Fund

SBI Bluechip Fund and Kotak Bluechip Fund both the schemes belong to the large-cap category of Equity Fund. Blue-chip funds, also known as Large cap funds, invest their corpus in shares of companies having a market capitalization above INR 10,000 crores. Companies forming part of the large-cap category are considered as the market leaders in their industry. These companies show a steady growth on a timely basis. In addition, during economic downturns, a lot of people tend to focus more towards large-cap companies. It's because, during such periods the share prices of these companies do not fluctuate much. Though Kotak Bluechip Fund and SBI Bluechip Fund belong to the same category yet, there are differences between them in terms of various parameters. So, let us understand the differences between SBI Blue Chip Fund Vs Kotak Bluechip Fund.

SBI Bluechip Fund

SBI Blue Chip Fund is managed by SBI Mutual Fund. This open-ended large-cap Mutual Fund scheme was launched on February 14, 2006, and uses S&P BSE 100 Index as its benchmark to construct its Portfolio. The objective of SBI Blue Chip Fund is to attain long-term capital growth by Investing in a diversified basket of large cap equity stocks. As on 31/05/2018, some of the top holdings of SBI Blue Chip Fund included HDFC Bank Ltd, Larsen & Toubro Ltd, Mahindra & Mahindra Ltd, ITC Ltd, Nestle Limited, Hero Motocorp Ltd, etc. The fund manager managing the SBI Blue Chip Fund is Ms. Sohini Andani. The scheme is suitable for investors seeking exposure in blue chip Indian companies from a medium to long-term perspective.

Kotak Bluechip Fund (Erstwhile Kotak 50 Fund)

Kotak Bluechip Fund (earlier known as Kotak 50) is an open-ended equity scheme that aims to generate capital appreciation by investing predominantly in equity & equity related securities of large cap companies. Some of the top holdings of Kotak Bluechip Funds (as on 30/06/2018) are HDFC Bank Ltd, Reliance Industries Ltd, Induslnd Bank Ltd, ITC Ltd, ICICI Bank Ltd, Tech Mahindra Ltd, etc. The scheme is currently managed by Harish Krishnan.

SBI Bluechip Fund Vs Kotak Bluechip Fund

Both SBI Bluechip Fund and Kotak Bluechip Fund belong to the same category nevertheless; they differ on numerous parameters. So, let us analyze the differences between these schemes that are classified into four sections, listed below 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 the scheme category, it can be said that both the schemes are a part of equity large-cap. The comparison of current NAV reveals that there is a significant difference between the NAV of both the schemes. As on 18th July, 2018, the NAV of SBI Bluechip Fund was approximately INR 37.8575 while of Kotak Bluechip Fund was around INR 223.852. Comparing Fincash Category, it can be said that SBI Bluechip Fund is rated as a 4-Star scheme, while Kotak Bluechip Fund is rated as a 3-Star Scheme. The summary of the basics section is as follows.

Performance Section

It is the second section in the comparison of the schemes. The comparable element forming part of the performance section is Compounded Annual Growth Rate or CAGR returns. The CAGR returns are compared at different time intervals such as 1 Month Return, 1 Year Return, 5 Year Return, and Return since Inception. The comparison of performance section reveals that in most instances, SBI Bluechip Fund leads the race.

Yearly Performance Section

Being the third section, it compares the absolute returns generated by both schemes for a particular year. This analysis or yearly performance section states that the performance of the both the funds are close enough. The summary comparison of the yearly performance section is tabulated as follows.

Other Details Section

The elements that form part of other details section include AUM, Minimum SIP investment, Minimum Lumpsum Investment, Exit Load, and others. To begin with the minimum lumpsum investment, the amount for both the schemes are same. The next parameter is minimum SIP investment, which is different for both the schemes. For SBI Bluechip Fund the minimum monthly SIP amount is INR 500, while for Kotak Bluechip Fund is INR 1,000. Comparison of AUM for both the schemes reveals that the AUM of SBI is higher than that of Kotak. As on May 31, 2018, the AUM of SBI Bluechip Fund was approximately INR 19,121 crores, while of Kotak Bluechip Fund was approximately INR 1,345 crores. The comparison summary of other details section is as shown in the table given below.

Growth of 10k Investments over the years