Table of Contents
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 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 (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.
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.
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.
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 ₹67.7874 ↑ 0.27 (0.41 %) ₹35,770 on 30 Apr 23 14 Feb 06 ☆☆☆☆ Equity Large Cap 9 Moderately High 1.73 0.27 -0.03 2.99 Not Available 0-1 Years (1%),1 Years and above(NIL) Kotak Bluechip Fund
Growth
Fund Details ₹398.426 ↑ 0.14 (0.03 %) ₹5,633 on 30 Apr 23 29 Dec 98 ☆☆☆ Equity Large Cap 32 Moderately High 1.78 0.08 0.02 1.92 Not Available 0-18 Months (1%),18 Months and above(NIL)
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.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Bluechip Fund
Growth
Fund Details 4% 7.9% 4.1% 18.1% 24.7% 12.1% 11.7% Kotak Bluechip Fund
Growth
Fund Details 3.5% 5.3% 1.6% 13.7% 23% 12.5% 17.7%
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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.
Parameters Yearly Performance 2022 2021 2020 2019 2018 SBI Bluechip Fund
Growth
Fund Details 4.4% 26.1% 16.3% 11.6% -4.1% Kotak Bluechip Fund
Growth
Fund Details 2% 27.7% 16.4% 14.2% -2.1%
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.
Parameters Other Details Min SIP Investment Min Investment Fund Manager SBI Bluechip Fund
Growth
Fund Details ₹500 ₹5,000 Sohini Andani - 12.67 Yr. Kotak Bluechip Fund
Growth
Fund Details ₹100 ₹5,000 Harish Krishnan - 9.33 Yr.
SBI Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,594 31 May 20 ₹8,656 31 May 21 ₹14,110 31 May 22 ₹15,039 31 May 23 ₹17,432 Kotak Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,720 31 May 20 ₹9,058 31 May 21 ₹14,843 31 May 22 ₹15,753 31 May 23 ₹17,686
SBI Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.77% Equity 94.23% Equity Sector Allocation
Sector Value Financial Services 34.68% Consumer Cyclical 16.14% Consumer Defensive 8.92% Industrials 8.85% Health Care 6.01% Basic Materials 5.38% Energy 5.32% Technology 4.39% Real Estate 2.17% Communication Services 2.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK9% ₹3,291 Cr 19,500,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | ICICIBANK8% ₹3,033 Cr 33,053,104 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC6% ₹2,085 Cr 49,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 09 | LT5% ₹1,788 Cr 7,562,209 Infosys Ltd (Technology)
Equity, Since 30 Nov 17 | INFY4% ₹1,571 Cr 12,542,178 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 15 | RELIANCE4% ₹1,469 Cr 6,070,915 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Apr 21 | PAGEIND4% ₹1,278 Cr 317,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 22 | BAJFINANCE3% ₹1,168 Cr 1,860,000
↑ 160,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 15 | HDFC3% ₹971 Cr 3,500,000 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 Oct 14 | BRITANNIA3% ₹954 Cr 2,094,972 Kotak Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.48% Equity 98.52% Equity Sector Allocation
Sector Value Financial Services 30.36% Consumer Cyclical 13.77% Technology 12.63% Consumer Defensive 9.96% Industrials 7.45% Energy 7.33% Basic Materials 6.38% Health Care 5.27% Utility 2.2% Communication Services 2.09% Real Estate 1.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹420 Cr 4,580,000
↑ 180,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK7% ₹373 Cr 2,210,000
↑ 22,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE6% ₹344 Cr 1,420,000
↑ 15,000 Infosys Ltd (Technology)
Equity, Since 31 Oct 04 | INFY5% ₹254 Cr 2,025,000
↑ 15,000 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 30 Jun 06 | ITC4% ₹242 Cr 5,687,500
↑ 37,500 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 12 | LT4% ₹239 Cr 1,010,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 13 | AXISBANK4% ₹207 Cr 2,410,000
↑ 25,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 17 | HDFC3% ₹192 Cr 690,000
↑ 10,000 Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 31 Aug 17 | TCS3% ₹167 Cr 517,500
↑ 2,500 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 13 | MARUTI3% ₹161 Cr 188,000
↑ 4,250
As a result, from the above-mentioned sections, it can be said that both the schemes differ on account of numerous parameters. Resultantly, individuals should pay extra caution while choosing any of the schemes for investment. They should check whether the scheme matches their investment objectives or not. They should also understand the various parameters of the scheme completely. This will help individuals to attain their objectives on time along with ensuring the safety of their investment.