Table of Contents
ICICI Prudential Bluechip Fund and HDFC Top 100 Fund both belong to the large-cap category of Equity Funds. These Mutual Fund schemes invest their pooled money in shares of large-cap companies having a Market capitalization of above INR 10,000 crores. Large-cap companies are considered to earn stable returns over a period of time. They also show steady growth. In case of economic downturns, individuals prefer to invest their money in large-cap companies. Though both ICICI Prudential Bluechip Fund and HDFC Top 100 Fund belong to the same category yet, there exist differences between them in terms of Current NAV, AUM, performance, and so on. So, let us look and understand the performances of both the schemes.
ICICI Prudential Bluechip Fund (earlier known as ICICI Prudential Focused Bluechip Equity Fund) is an open-ended Large cap fund that was launched on May 23, 2008. This scheme is managed by ICICI Prudential Mutual Fund. ICICI Prudential Bluechip Fund uses Nifty 50 Index as its benchmark index to construct its Portfolio. The scheme's objective is to attain growth in the Capital in the long-term by predominantly Investing in equity and equity-related instruments of companies belonging to the large-cap domain. The scheme follows a benchmark hugging strategy which ensures that the portfolio is well-diversified thereby reducing the overall risk. As on March 31, 2018, some of the constituents of the scheme’s portfolio included Maruti Suzuki India Limited, Eicher Motors Limited, ICICI Bank Limited, and Larsen & Toubro Limited.
HDFC Top 100 Fund (earlier known as HDFC Top 200 Fund) is an open-ended Mutual Fund scheme offered by HDFC Mutual Fund under the large-cap category. This scheme was launched in the year 1996. For constructing the portfolio, HDFC Top 100 Fund uses S&P BSE 200 as its primary benchmark and S&P BSE Sensex as its additional benchmark. The objective of HDFC Top 100 Fund is to generate capital appreciation in the long-term from a portfolio of equity and equity-related instruments from the companies belonging to BSE 200 Index. The risk appetite of the scheme is moderately high. HDFC Top 100 Fund is jointly managed by Mr. Rakesh Vyas and Mr. Prashant Jain. Some of the top 10 constituents of HDFC Top 100’s portfolio as on March 31, 2018, consisted of, State Bank of India, Reliance Industries Limited, ITC Limited, and Tata Consultancy Services.
Though both ICICI Prudential Bluechip Fund and HDFC Top 100 Fund belong to the same category of large-cap schemes, yet, there exist differences between both of them. So, let us compare and analyze the differences between both the schemes based on various parameters that are divided into four sections. These sections are basics section, performance section, yearly performance section, and other details section.
The comparable elements forming part of the basics section include Current NAV, Fincash Ratings, and scheme category. With respect to the scheme category, it can be said that both the schemes belong to the same category, that is Equity Large Cap. The comparison of Fincash Ratings reveals that ICICI Prudential Bluechip Fund is a 4-star rated fund while HDFC Top 100 Fund is rated as 3-Star. Even the comparison of current NAV reveals that there is a significant difference between the NAV of both the schemes. As on April 16, 2018, the NAV of ICICI Prudential Bluechip Fund was approximately INR 40 while of HDFC Top 100 Fund is approximately INR 444. The comparison of basics section for both the schemes is summarized in the table given below.
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 ICICI Prudential Bluechip Fund
Growth
Fund Details ₹103.22 ↑ 0.21 (0.20 %) ₹63,670 on 31 Oct 24 23 May 08 ☆☆☆☆ Equity Large Cap 21 Moderately High 1.69 2.17 1.18 5.97 Not Available 0-1 Years (1%),1 Years and above(NIL) HDFC Top 100 Fund
Growth
Fund Details ₹1,088.15 ↑ 3.16 (0.29 %) ₹36,467 on 31 Oct 24 11 Oct 96 ☆☆☆ Equity Large Cap 43 Moderately High 1.67 1.72 1.2 0.34 Not Available 0-1 Years (1%),1 Years and above(NIL)
Being the second section, here, the CAGR or Compounded Annual Growth Rate returns between both the schemes are compared. These returns are compared at different time intervals such as 3 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. The comparison of the performance section shows that at many of the time intervals, ICICI Mutual Fund’s scheme has performed better as compared to the scheme of HDFC Mutual Fund. The table given below shows the summary comparison of the performance section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch ICICI Prudential Bluechip Fund
Growth
Fund Details -5.1% -3.3% 5.3% 27.7% 15.7% 18.8% 15.2% HDFC Top 100 Fund
Growth
Fund Details -6.1% -4.9% 4.3% 23.2% 15.9% 16.9% 19%
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It is the third section in comparison of both the schemes. This section compares the absolute returns of both the schemes generated in one year. The comparison of yearly performance reveals that for certain years ICICI Prudential Bluechip Fund has performed better while in others HDFC Top 100 Fund has done well. The summary comparison of yearly performance section is tabulated as follows.
Parameters Yearly Performance 2023 2022 2021 2020 2019 ICICI Prudential Bluechip Fund
Growth
Fund Details 27.4% 6.9% 29.2% 13.5% 9.8% HDFC Top 100 Fund
Growth
Fund Details 30% 10.6% 28.5% 5.9% 7.7%
Being the last section in comparison, the various elements forming part of this section include AUM, minimum SIP investment, minimum lumpsum investment, and so on. With respect to the AUM comparison it can be said that, as on March 31, 2018, the AUM of ICICI Prudential Bluechip Fund is approximately INR 16,102 crores and of HDFC Top 100 Fund as on February 28, 2018, is approximately INR 15,250 crores. The minimum SIP investment amount is different for both the schemes. for ICICI Mutual Fund’s scheme the SIP amount is INR 1,000 and for HDFC Mutual Fund is INR 500. However, the lumpsum amount is same for both the schemes, that is, INR 500. The comparative summary of other details section for both the scheme is as shown in the table given below.
Parameters Other Details Min SIP Investment Min Investment Fund Manager ICICI Prudential Bluechip Fund
Growth
Fund Details ₹100 ₹5,000 Anish Tawakley - 6.16 Yr. HDFC Top 100 Fund
Growth
Fund Details ₹300 ₹5,000 Rahul Baijal - 2.26 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹9,650 31 Oct 21 ₹15,189 31 Oct 22 ₹16,004 31 Oct 23 ₹17,860 31 Oct 24 ₹24,447 HDFC Top 100 Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹8,718 31 Oct 21 ₹14,032 31 Oct 22 ₹15,013 31 Oct 23 ₹17,031 31 Oct 24 ₹22,572
ICICI Prudential Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 11.15% Equity 88.85% Equity Sector Allocation
Sector Value Financial Services 25.84% Consumer Cyclical 10.58% Industrials 9.92% Energy 8.41% Technology 7.8% Basic Materials 6.92% Consumer Defensive 5.72% Health Care 4.88% Communication Services 4.26% Utility 3.32% Real Estate 1.2% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK8% ₹5,158 Cr 40,518,440 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK7% ₹4,671 Cr 26,970,899
↑ 4,278,804 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT6% ₹4,121 Cr 11,212,422
↑ 567,805 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY5% ₹3,146 Cr 16,770,859 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE5% ₹3,082 Cr 10,435,550
↓ -4,060,250 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI5% ₹3,015 Cr 2,277,293
↑ 47,567 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL4% ₹2,821 Cr 16,502,788
↑ 411,550 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹2,790 Cr 22,640,714
↑ 282,106 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | 5325384% ₹2,507 Cr 2,124,133 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 15 | SUNPHARMA3% ₹1,939 Cr 10,062,064 HDFC Top 100 Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 3.05% Equity 96.95% Equity Sector Allocation
Sector Value Financial Services 33.24% Consumer Cyclical 10.75% Consumer Defensive 8.13% Technology 7.8% Energy 7.69% Industrials 7.56% Health Care 6.38% Utility 6.12% Communication Services 5.27% Basic Materials 3.33% Real Estate 0.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 05 | ICICIBANK11% ₹3,882 Cr 30,040,474 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK10% ₹3,493 Cr 20,126,319 NTPC Ltd (Utilities)
Equity, Since 30 Jun 15 | 5325556% ₹2,231 Cr 54,669,743 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 06 | LT6% ₹2,109 Cr 5,822,954 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 20 | BHARTIARTL5% ₹1,923 Cr 11,921,785 Infosys Ltd (Technology)
Equity, Since 31 Aug 04 | INFY4% ₹1,578 Cr 8,979,648 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 07 | 5322154% ₹1,566 Cr 13,502,714
↑ 1,800,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC4% ₹1,549 Cr 31,691,145 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 06 | RELIANCE4% ₹1,279 Cr 9,601,236
↓ -1,200,000 Coal India Ltd (Energy)
Equity, Since 30 Sep 17 | COALINDIA3% ₹1,246 Cr 27,557,721
Thus, in a nutshell, it can be said that there are differences between both the schemes. As a result, individuals should understand the functioning of a scheme completely before investing in it. They also should check and assure themselves whether the scheme is suitable as per their investment objective or not. This will help them to attain their objectives on time and in a hassle-free manner.
Good Comparison but conclusion / Final analysis Evaluation not done for investors to choose from these two