Fincash » ABSL Frontline Equity Vs Nippon India Large Cap Fund
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Aditya Birla Sun Life Frontline Equity Fund and Nippon India Large Cap Fund (Formerly known as Reliance Large Cap Fund) both the schemes are a part of large-cap equity fund. In simple terms, Large cap funds are the schemes that invest in shares of companies having a Market capitalization of more than INR 10,000 Crores. Large-cap funds form the top of the pyramid when Equity Funds are classified on the Basis of market capitalization. These companies are also known as bluechip companies and give stable returns and performance. Even during economic problems, the share prices of large-cap funds do not fluctuate much. Large-cap companies are also the market leaders in their field wherein and have a reputation for themselves. So, let us understand the differences between Aditya Birla Sun Life Frontline Equity Fund and Nippon India Large Cap Fund by comparing various parameters such as performance, NAV, and other through this article.
Aditya Birla Sun Life (ABSL) Frontline Equity Fund is offered and managed by ABSL Mutual Fund and was launched in the month of August 2002. The scheme uses S&P BSE 200 Index as its base index to build its Portfolio. Some of the highlights of ABSL Frontline Equity Fund are an investment in promising companies across industries, maintaining discipline by trying to maintain an exposure within a certain Range of the sectoral weight in the benchmark index, and wealth creation with equity investments. Investors seeking for wealth creation over a time frame of 3-5 years can choose to invest in this scheme of ABSL Mutual Fund. Mr. Mahesh Patil is the sole fund manager of Aditya Birla Sun Life Frontline Equity Fund.
This scheme of Nippon India Mutual Fund aims to attain Capital appreciation in the long-term by Investing predominantly in equity and equity-related securities of large-cap companies. Nippon India Large Cap Fund was launched on August 08, 2007, and is appropriate for individuals seeking long-term capital growth by investing in equity and equity-related instruments. The risk-appetite of Nippon India Large Cap Fund is moderately high. Mr. Ashwani Kumar and Mr. Shailesh Raj Bhan are the fund managers of Reliance Large Cap Fund. As on March 31, 2018, some of the top holdings of Reliance Large Cap Fund consisted of HDFC Bank Limited, State Bank of India, Larsen & Toubro Limited, Tata Steel Limited, and Infosys Limited. The scheme aims to invest in companies that are leaders or potential leaders in their field and also have established business model along with sustainable free cash flows.
Though both Aditya Birla Sun Life Frontline Equity Fund and Reliance/Nippon India Large Cap Fund belong to the same category, nevertheless; there are numerous differences between them. So, let’s analyze these differences that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.
Being the first section in the comparison, it includes elements such as current NAV, Fincash Rating, and scheme category. The comparison of Fincash Rating reveals that both the scheme are rated as 4-Star schemes. Also, the comparison of scheme category shows that both the schemes are a part of the same category, that is, Equity Large Cap. With respect to the current NAV, it can be said that there is a drastic difference between both the schemes on account of NAV. As on April 26, 2018, the NAV of ABSL Frontline Equity Fund was approximately INR 217 while of Reliance/Nippon India Large Cap Fund was approximately INR 32. The table given below shows the summary comparison of the basics section.
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 ₹492.94 ↓ -3.14 (-0.63 %) ₹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) Nippon India Large Cap Fund
Growth
Fund Details ₹84.3101 ↓ -0.53 (-0.62 %) ₹34,105 on 31 Oct 24 8 Aug 07 ☆☆☆☆ Equity Large Cap 20 Moderately High 1.7 2.13 1.86 5.82 Not Available 0-1 Years (1%),1 Years and above(NIL)
The comparison of Compounded Annual Growth Rate or CAGR returns is done in the performance section. These CAGR returns are compared at different time intervals such as 1 Month Return, 3 Year Return, and 5 Year Return. The analysis of the performance section shows that though there is not much difference in the performance of both the schemes, yet; in many instances, ABSL Frontline Equity Fund leads the race. The summary comparison of the performance section is tabulated 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 -5.8% -5.1% 5.7% 24.3% 12.3% 16.4% 19.2% Nippon India Large Cap Fund
Growth
Fund Details -5.1% -4.6% 4% 27.5% 18.2% 19.1% 13.1%
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Being the third section, it compares the absolute returns generated by both the schemes for a particular year. The comparison of the yearly performance section shows that, in certain years, Reliance Large Cap Fund leads the race and in others, ABSL Frontline Equity Fund leads the race. The table given below summarizes the 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% Nippon India Large Cap Fund
Growth
Fund Details 32.1% 11.3% 32.4% 4.9% 7.3%
It is the last section in the comparison of both the schemes. The elements forming part of the other details section include AUM, minimum SIP investment, and minimum lumpsum investment. The comparison of minimum SIP and lumpsum investment for both the schemes reveals a difference. The minimum SIP and the lumpsum amount in case of Nippon India Mutual Fund’s scheme are INR 100 and INR 5,000 respectively. However, for ABSL Mutual Fund’s scheme, the minimum SIP and lumpsum amount both are INR 1,000 only. Also, the AUM of both the schemes reveals a drastic difference. As on March 31, 2018, the AUM of Reliance Large Cap Fund is around INR 8,825 Crores while of Aditya Birla Sun Life Frontline Equity Fund is nearly INR 19,373 Crores. The comparison of other details section is as follows.
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. Nippon India Large Cap Fund
Growth
Fund Details ₹100 ₹5,000 Sailesh Raj Bhan - 17.25 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 Nippon India Large Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹8,645 31 Oct 21 ₹14,406 31 Oct 22 ₹15,733 31 Oct 23 ₹18,203 31 Oct 24 ₹24,807
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 Nippon India Large Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.24% Equity 98.76% Equity Sector Allocation
Sector Value Financial Services 35.68% Consumer Cyclical 10.71% Industrials 10.07% Technology 9.77% Consumer Defensive 9.15% Energy 6.37% Utility 5.95% Basic Materials 5.13% Health Care 4.81% Communication Services 1.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK10% ₹3,287 Cr 18,940,367
↓ -60,162 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹2,197 Cr 17,000,000
↑ 500,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 19 | RELIANCE6% ₹1,945 Cr 14,600,000
↑ 1,200,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 16 | ITC5% ₹1,845 Cr 37,750,240 Infosys Ltd (Technology)
Equity, Since 30 Sep 07 | INFY4% ₹1,494 Cr 8,500,084 State Bank of India (Financial Services)
Equity, Since 31 Oct 10 | SBIN4% ₹1,411 Cr 17,200,644
↑ 1,200,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 07 | LT4% ₹1,304 Cr 3,600,529 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | 5322154% ₹1,276 Cr 11,000,080
↑ 1,000,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 21 | 5000343% ₹1,033 Cr 1,499,612
↑ 234,286 Tata Power Co Ltd (Utilities)
Equity, Since 30 Jun 23 | 5004003% ₹990 Cr 22,500,000
Therefore, it can be concluded based on the above-mentioned pointers, that there are a number of differences between both the schemes. As a consequence, individuals should be careful before choosing any of the schemes for investment. They should check whether the scheme matches with their investment objective or not. Also, they should do a thorough analysis of the scheme. This will help individuals ensure that their money is safe and the objectives are met on time.
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