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Fincash » SBI Blue Chip Fund Vs Mirae Asset India Equity Fund

SBI Blue Chip Fund Vs Mirae Asset India Equity Fund

Updated on November 17, 2019 , 1904 views

SBI Blue Chip Fund and Mirae Asset India Equity 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. These companies are also known as blue chip companies and are considered to be the market leaders in their industries. They do provide a steady growth and returns on yearly basis. A lot of people resort to large-cap companies during economic downturns as their share prices are not much volatile. Though both SBI Blue Chip Fund and Mirae Asset India Equity Fund belong to the same category of equity fund yet; they exhibit different attributes. So, let us understand the differences between both the schemes through this article.

About SBI Blue Chip Fund

SBI Blue Chip Fund is offered by SBI Mutual Fund under Large Cap Category and was launched on February 14, 2006. This scheme uses S&P BSE 100 Index as its benchmark to build its portfolio. This objective of this scheme is to provide investors with 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 January 31, 2018, some of 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 and State Bank of India.

Overview of Mirae Asset India Equity Fund (Erstwhile Mirae Asset India Opportunities Fund)

Mirae Asset India Equity Fund (earlier known as Mirae Asset India Opportunities Fund) is an open-ended Large cap fund offered by Mirae Asset Mutual Fund. This scheme was launched in the year 2008 and it uses S&P BSE 200 Index as its base for constructing its portfolio. The scheme predominantly invests its fund money in equity and equity-related securities by taking advantage of possible investment opportunities and thereby generate capital appreciation in the long-term. Mirae Asset India Equity Fund ’s portfolio is constructed using core and tactical portions where core portion takes care of investing in quality business in the long run. On the other hand, the tactical portion tries to harness the advantages of short-to-medium term opportunities. Mirae Asset India Equity Fund is jointly managed by Mr. Neelesh Surana and Mr. Harshad Borawake.

SBI Blue Chip Fund Vs Mirae Asset India Equity Fund

Though both the schemes belong to the same category yet; there are differences between the same. So, let us understand the differences between SBI Blue Chip Fund and Mirae Asset India Equity Fund on various parameters which are classified into Basics Section, Performance Section, Yearly Performance Section, and Other Details Section.

Basics Section

This section compares parameters like Scheme Category, Fincash Ratings, Current NAV, and other related ones. To begin with the Scheme Category, it can be said that both the schemes belong to the same category, that is, Equity Large Cap. The next comparable parameter is Fincash Ratings. As per this parameter, the scheme offered by Mirae leads the race with 5-Star Rating while; the scheme offered by SBI is rated as a 4-Star Scheme. Also, the Current NAV of both the schemes is different. As on February 27, 2018, the NAV of Mirae Asset India Equity Fund was approximately INR 47 and of SBI Blue Chip Fund was approximately INR 38. The table given below summarizes the comparison of Basics Section between both the schemes.

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
₹41.1413 ↑ 0.04   (0.09 %)
₹23,585 on 31 Oct 19
14 Feb 06
Equity
Large Cap
9
Moderately High
2.23
0.94
-0.9
1.15
Not Available
0-1 Years (1%),1 Years and above(NIL)
Mirae Asset India Equity Fund 
Growth
Fund Details
₹53.287 ↑ 0.20   (0.38 %)
₹15,897 on 31 Oct 19
4 Apr 08
Equity
Multi Cap
19
Moderately High
2.17
0.99
0.15
0.51
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The Performance Section compares the Compounded Annual Growth Rate (CAGR) Returns between both the schemes at different time periods. Some of the time intervals that form part of performance section for which the comparison is made include 1 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. On a hindsight, the comparison between both the schemes shows that the returns generated by Mirae Asset India Equity Fund is higher than that of SBI Blue Chip Fund at various time intervals. The table given below shows the performance comparison of both the schemes.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Bluechip Fund
Growth
Fund Details
2%
9.1%
6.9%
11.5%
11.4%
9.5%
10.8%
Mirae Asset India Equity Fund 
Growth
Fund Details
3.3%
8.5%
7.1%
11.6%
15.3%
11.5%
15.5%

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Yearly Performance Section

Yearly Performance Section compares the absolute returns generated by both the schemes for a specific year. The comparison of yearly performance section also states that the returns generated by Mirae Asset India Equity Fund is higher than that of SBI Blue Chip Fund. The yearly performance section of both the schemes is tabulated as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
SBI Bluechip Fund
Growth
Fund Details
-4.1%
30.2%
4.8%
8%
47.9%
Mirae Asset India Equity Fund 
Growth
Fund Details
-0.6%
38.6%
8.1%
4.3%
52.9%

Other Details Section

Other Details Section is the last section in the comparison of both the schemes. The comparable elements forming part of this section include Minimum SIP Investment, Minimum Lumpsum Investment, AUM, Exit Load, and other parameters. To being with Minimum SIP Investment, it can be said that the SIP investment amount is different for both the schemes. For Mirae’s scheme, the minimum SIP amount is INR 1,000 and for SBI’s scheme, it is INR 500. However, the Minimum Lumpsum Amount for investment in both the schemes is same, that is, INR 1,000. The comparison of AUM portrays different AUM for both the schemes. As on January 31, 2018, the AUM of Mirae Asset India Equity Fund was approximately INR 6,612 crores while of SBI Blue Chip Fund was approximately INR 18,151 crores. The comparison summary of both the schemes is tabulated as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Bluechip Fund
Growth
Fund Details
₹500
₹5,000
Sohini Andani - 8.67 Yr.
Mirae Asset India Equity Fund 
Growth
Fund Details
₹1,000
₹5,000
Neelesh Surana - 11.48 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Bluechip Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,027
31 Oct 16₹12,639
31 Oct 17₹14,632
31 Oct 18₹13,865
31 Oct 19₹16,101
Growth of 10,000 investment over the years.
Mirae Asset India Equity Fund 
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,688
31 Oct 16₹12,417
31 Oct 17₹15,493
31 Oct 18₹15,332
31 Oct 19₹17,654

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash6.53%
Equity93.47%
Debt0.01%
Equity Sector Allocation
SectorValue
Financial Services40.34%
Industrials10.91%
Consumer Defensive9.26%
Technology7.08%
Energy6.77%
Consumer Cyclical6.44%
Basic Materials5.4%
Health Care4.27%
Real Estate1.78%
Utility1.22%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK
10%₹2,206 Cr17,970,378
↑ 850,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | ICICIBANK
7%₹1,481 Cr34,143,104
↑ 2,600,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 09 | LT
5%₹1,189 Cr8,062,209
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
5%₹1,084 Cr41,713,904
Infosys Ltd (Technology)
Equity, Since 30 Nov 17 | INFY
4%₹927 Cr11,506,309
Nestle India Ltd (Consumer Defensive)
Equity, Since 31 May 16 | NESTLEIND
4%₹882 Cr634,722
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 16 | KOTAKBANK
4%₹840 Cr5,110,470
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | 532215
4%₹829 Cr12,101,751
↑ 3,975,000
Treps
CBLO/Reverse Repo | -
4%₹824 Cr
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 15 | HDFC
3%₹754 Cr3,812,989
Asset Allocation
Mirae Asset India Equity Fund 
Growth
Fund Details
Asset ClassValue
Cash3.64%
Equity96.36%
Debt0%
Equity Sector Allocation
SectorValue
Financial Services36.42%
Energy9.22%
Consumer Cyclical9.14%
Consumer Defensive8.95%
Technology8.81%
Industrials7.44%
Health Care6.28%
Basic Materials5.97%
Utility2.72%
Communication Services1.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹1,396 Cr11,370,912
↑ 143,428
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹985 Cr22,709,454
↑ 1,154,123
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
6%₹907 Cr6,805,705
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹663 Cr25,515,540
↑ 2,846,046
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
4%₹662 Cr9,665,638
↑ 317,965
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
4%₹642 Cr23,694,443
↑ 5,351,152
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
4%₹616 Cr4,181,467
↑ 179,122
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
4%₹554 Cr6,880,800
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
3%₹510 Cr2,430,069
↑ 145,097
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK
3%₹392 Cr2,385,150

Thus, from the above pointers, it can be said that there is a difference between both the schemes. As a result, individuals should be careful while choosing any of the schemes. They should understand the modalities of the scheme completely before investing in it. In addition, they should also ensure whether the scheme’s approach is in-line with their investment objectives or not. If required, you can even consult a financial advisor. This will help you ensure that your investment is safe and your objectives are met in a timely manner.

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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