Table of Contents
Aditya Birla Sun Life Frontline Equity Fund and DSP BlackRock Focus Fund both the scheme belong to the category of Equity Large cap funds. Large-cap funds are the Mutual Fund schemes that invest their fund money in shares of equity and equity-related securities of companies having a Market capitalization of more than INR 10,000 Crores. Large-cap companies are also known as bluechip companies and are considered to be the market leaders in their respective Industry. Large-cap funds post a steady growth and returns as they invest in big businesses. Even during economic recessions, the share prices of large-cap funds do fluctuate less. Though there are numerous schemes under one category of Mutual Fund yet they differ on account of numerous parameters. So, let us understand differences between Aditya Birla Sun Life Frontline Equity Fund and DSP BlackRock Focus Fund through this article.
Aditya Birla Sun Life (ABSL) Frontline Equity Fund is offered by ABSL Mutual Fund under the large-cap category. This scheme was launched in the year 2002. ABSL Frontline Equity Fund uses S&P BSE 200 Index as its base to build its basket of assets. Individuals seeking long-term Capital appreciation by having exposure in a Portfolio consisting of stocks forming part of S&P BSE 200 Index can choose to invest in this scheme. Some of the features of ABSL Frontline Equity Fund are investment in companies across various industries, maintaining a disciplined exposure across different sectors, and wealth creation with equity investments. The risk-appetite of Aditya Birla Sun Life Frontline Equity Fund is moderately high and is suitable for an investment horizon of 3-5 years. Mr. Mahesh Patil is the sole fund manager managing the ABSL Frontline Equity Fund.
This scheme of DSP BlackRock (DSPBR) Mutual Fund aims to invest in equity and equity-related instruments across companies thereby; generating a long-term capital growth. This scheme was incepted on June 10, 2010. DSP BlackRock Focus Fund uses S&P BSE 200 TRI Index as its benchmark to build its portfolio of assets. Based on the Asset Allocation objective of the scheme, it invests a minimum of 65% of its accumulated fund money in equity and equity-related instruments restricted up to 30 companies. As on March 31, 2018, the Top 5 constituents of DSP BlackRock Focus Fund consists of HDFC Bank Limited, Maruti Suzuki India Limited, Larsen & Toubro Limited, Reliance Industries Limited, and IndusInd Bank Limited. DSP BlackRock Focus Fund (earlier known as DSP BlackRock Focus 25 Fund) is jointly managed by Mr. Harrish Zaveri and Mr. Jay Kothari.
Though both ABSL Frontline Equity Fund and DSPBR Focus Fund belong to the same category of equity large-cap, there are numerous differences between them. So, let us understand the differences between these schemes based on numerous parameters that are classified into four sections, namely, basics section, performance section, yearly performance section, and other details section.
It is the first section in the comparison of both the schemes. The comparable parameters forming part of the basics section include scheme category, current NAV, and Fincash Rating. To begin with the scheme category, it can be said that both the schemes are part of Equity Large Cap category. The comparison of current NAV states that both the schemes differ considerably on account of NAV. As on April 30, 2018, the NAV of ABSL Frontline Equity Fund was around INR 220, while of DSPBR Focus Fund was approximately INR 22. With respect to the Fincash category, it can be said that ABSL Mutual Fund’s scheme is rated as a 4-Star scheme and DSPBR Mutual Fund’s scheme is rated as a 3-Star scheme. The comparison of basics section is tabulated 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 Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details ₹496.08 ↑ 1.57 (0.32 %) ₹29,395 on 31 Oct 24 30 Aug 02 ☆☆☆☆ Equity Large Cap 14 Moderately High 1.67 1.85 0.28 1.82 Not Available 0-365 Days (1%),365 Days and above(NIL) DSP BlackRock Focus Fund
Growth
Fund Details ₹51.983 ↑ 0.29 (0.56 %) ₹2,546 on 31 Oct 24 10 Jun 10 ☆☆☆ Equity Focused 27 Moderately High 2.15 1.98 -0.01 3.72 Not Available 0-12 Months (1%),12 Months and above(NIL)
The differences in the CAGR or Compounded Annual Growth Rate returns at different time intervals is done in the performance section. These time intervals include 1 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. The comparison of the performance section states that there is not much difference in the returns earned by both the schemes. However, in most instances, the performance of ABSL Frontline Equity Fund has been better. The summary of the performance section is as follows.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details -5.7% -3.6% 6.6% 25.3% 12.6% 16.6% 19.2% DSP BlackRock Focus Fund
Growth
Fund Details -5.5% -1.8% 9% 29.1% 14.2% 15.6% 12.1%
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This is the third section in the comparison of both the schemes whose comparable elements include absolute returns generated by both the schemes for a particular year. The analysis of yearly performance section states that in certain years, ABSL Frontline Equity Fund leads the race and in others, DSPBR Focus Fund leads the race. The table given below states the summary comparison of the yearly performance section.
Parameters Yearly Performance 2023 2022 2021 2020 2019 Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details 23.1% 3.5% 27.9% 14.2% 7.6% DSP BlackRock Focus Fund
Growth
Fund Details 34.2% -4.5% 22.3% 9% 18%
Being the last section in the comparison, it includes parameters such as AUM, minimum SIP investment, and minimum lumpsum investment. The comparison of AUM shows a significant difference between both the schemes. As on March 31, 2018, the AUM of Aditya Birla Sun Life Frontline Equity Fund was approximately INR 19,373 Crores and of DSP BlackRock Focus Fund was around INR 2,830 Crores. The minimum SIP investment of both the schemes is different. For ABSL’s scheme, the SIP amount is INR 1,000 and of DSPBR’s scheme, it is INR 500. However, the lumpsum investment for both the schemes is same, that is, INR 1,000. The table given below summarizes the comparison of the other details section.
Parameters Other Details Min SIP Investment Min Investment Fund Manager Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details ₹100 ₹1,000 Mahesh Patil - 18.97 Yr. DSP BlackRock Focus Fund
Growth
Fund Details ₹500 ₹1,000 Vinit Sambre - 4.42 Yr.
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹9,675 31 Oct 21 ₹15,197 31 Oct 22 ₹15,446 31 Oct 23 ₹16,790 31 Oct 24 ₹22,417 DSP BlackRock Focus Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹9,543 31 Oct 21 ₹13,812 31 Oct 22 ₹13,818 31 Oct 23 ₹15,167 31 Oct 24 ₹21,394
Aditya Birla Sun Life Frontline Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.28% Equity 98.52% Debt 0.19% Equity Sector Allocation
Sector Value Financial Services 30.77% Consumer Cyclical 13.55% Technology 9.2% Industrials 8.76% Consumer Defensive 7.48% Energy 6.35% Health Care 6.26% Basic Materials 5.44% Communication Services 4.8% Utility 3.04% Real Estate 1.87% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK8% ₹2,432 Cr 14,040,623 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹2,212 Cr 17,378,292
↓ -1,100,000 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY6% ₹1,910 Cr 10,184,923 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE5% ₹1,593 Cr 5,393,755 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT5% ₹1,433 Cr 3,898,215
↑ 100,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL4% ₹1,130 Cr 6,610,389 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | M&M3% ₹960 Cr 3,103,365 NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 5325553% ₹951 Cr 21,468,779 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | 5322153% ₹929 Cr 7,538,312 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 08 | ITC3% ₹853 Cr 16,471,144 DSP BlackRock Focus Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 9.44% Equity 90.56% Equity Sector Allocation
Sector Value Financial Services 29.1% Technology 10.92% Basic Materials 10.31% Health Care 10.08% Consumer Cyclical 9.91% Industrials 7.05% Energy 4.65% Real Estate 3.34% Consumer Defensive 3.02% Utility 2.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 22 | 5000346% ₹153 Cr 221,914 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK6% ₹148 Cr 1,148,242 Coforge Ltd (Technology)
Equity, Since 31 Jul 23 | COFORGE5% ₹129 Cr 169,127
↓ -6,836 Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 21 | 5244945% ₹120 Cr 753,714
↓ -37,883 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK5% ₹118 Cr 677,687 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | 5322154% ₹103 Cr 885,319 Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 31 Dec 23 | KIRLOSENG4% ₹99 Cr 865,160 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Aug 21 | CHOLAFIN4% ₹98 Cr 766,081 Infosys Ltd (Technology)
Equity, Since 31 Oct 19 | INFY4% ₹89 Cr 507,785 Suven Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Nov 23 | SUVENPHAR3% ₹85 Cr 647,887
↓ -208,950
Therefore, from the above pointers, it can be concluded that both the schemes differ on account of numerous parameters. As a result, individuals should understand the parameters of the scheme completely before Investing in it. They should check whether the scheme suits their investment objective or not. This will help them to attain their objectives on time and in a hassle-free manner.
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