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 ₹89.3938 ↑ 0.69 (0.77 %) ₹50,447 on 31 Oct 24 14 Feb 06 ☆☆☆☆ Equity Large Cap 9 Moderately High 1.59 1.65 -0.32 0.54 Not Available 0-1 Years (1%),1 Years and above(NIL) Kotak Bluechip Fund
Growth
Fund Details ₹555.895 ↑ 3.58 (0.65 %) ₹9,327 on 31 Oct 24 29 Dec 98 ☆☆☆ Equity Large Cap 32 Moderately High 1.78 1.81 -0.03 1.38 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 -1.1% -2.3% 7.9% 22.9% 14.3% 16.7% 12.4% Kotak Bluechip Fund
Growth
Fund Details -0.1% -2.8% 7.9% 27.1% 14.8% 17.3% 18.1%
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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 2023 2022 2021 2020 2019 SBI Bluechip Fund
Growth
Fund Details 22.6% 4.4% 26.1% 16.3% 11.6% Kotak Bluechip Fund
Growth
Fund Details 22.9% 2% 27.7% 16.4% 14.2%
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 Saurabh Pant - 0.59 Yr. Kotak Bluechip Fund
Growth
Fund Details ₹100 ₹5,000 Rohit Tandon - 0.78 Yr.
SBI Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,911 30 Nov 21 ₹14,473 30 Nov 22 ₹15,861 30 Nov 23 ₹17,693 30 Nov 24 ₹21,634 Kotak Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,972 30 Nov 21 ₹14,710 30 Nov 22 ₹15,788 30 Nov 23 ₹17,557 30 Nov 24 ₹22,237
SBI Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.14% Equity 94.86% Equity Sector Allocation
Sector Value Financial Services 27.82% Consumer Cyclical 16.04% Consumer Defensive 11.27% Technology 9.04% Industrials 8.24% Health Care 7.1% Basic Materials 5.66% Energy 4.68% Communication Services 2.69% Real Estate 2.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK8% ₹4,244 Cr 24,450,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | ICICIBANK7% ₹3,748 Cr 29,000,000 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC5% ₹2,459 Cr 50,300,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 17 | INFY5% ₹2,407 Cr 13,700,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 09 | LT4% ₹2,245 Cr 6,198,441 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 15 | RELIANCE4% ₹2,078 Cr 15,600,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 24 | TCS4% ₹1,811 Cr 4,562,331 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 12 | DIVISLAB3% ₹1,609 Cr 2,731,710 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 16 | KOTAKBANK3% ₹1,593 Cr 9,200,000 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 Oct 14 | 5008253% ₹1,490 Cr 2,601,838 Kotak Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 3.95% Equity 96.05% Other 0% Equity Sector Allocation
Sector Value Financial Services 25.35% Consumer Cyclical 15.61% Technology 11.89% Consumer Defensive 8.54% Industrials 8.25% Basic Materials 6.93% Energy 6.79% Utility 4.64% Health Care 4.26% Communication Services 3.38% Real Estate 1.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK7% ₹670 Cr 3,870,000
↓ -110,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹579 Cr 4,545,000
↑ 150,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE5% ₹519 Cr 1,757,000
↑ 25,000 Infosys Ltd (Technology)
Equity, Since 31 Oct 04 | INFY5% ₹506 Cr 2,700,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 12 | LT4% ₹370 Cr 1,007,074
↑ 75,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL3% ₹320 Cr 1,870,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Jun 20 | M&M3% ₹317 Cr 1,025,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 06 | ITC3% ₹317 Cr 6,112,500
↑ 1,450,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 13 | 5322153% ₹311 Cr 2,523,750
↑ 300,000 NTPC Ltd (Utilities)
Equity, Since 31 Oct 23 | 5325553% ₹257 Cr 5,800,000
↑ 300,000
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.