Fincash » Kotak Standard Multicap Fund Vs ICICI Prudential Bluechip Fund
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There are numerous differences between Kotak Standard Multicap Fund and ICICI Prudential Bluechip Fund though they belong to the same large-cap category. In simple terms, Large cap funds are the schemes that invest their corpus in equity and equity-related instruments of large-sized companies. These companies have a Market capitalization of more than INR 10,000 Crores and are considered to be the market leaders in their field. Since large-cap schemes invest their corpus in big businesses, they generally give stable returns. In addition, even during economic downturns, the share prices of large-cap companies do not tend to fluctuate much. Large-cap companies are also known as bluechip companies. So, let us understand the differences between Kotak Standard Multicap Fund and ICICI Prudential Bluechip Fund by comparing various parameters through this article.
The objective of Kotak Standard Multicap Fund is to generate appreciation in the Capital invested in long-term tenure by Investing its accumulated fund money in shares of companies by focusing on few sectors. Kotak Standard Multicap Fund was launched on September 11, 2009, and is managed by Kotak Mutual Fund. As on March 31, 2018, some of the constituents of this Mutual Fund’s Portfolio consisted of HDFC Bank Limited, Larsen & Toubro Limited, Reliance Industries Limited, and ICICI Bank Limited. The benchmark index used by Kotak Standard Multicap Fund to build its portfolio of assets is Nifty 200 Index. The risk-appetite of Kotak Standard Multicap Fundis moderately high and is suitable for individuals seeking long-term capital growth. The sole fund manager managing Kotak Standard Multicap Fund is Mr. Harsha Upadhyaya.
ICICI Prudential Bluechip Fund (earlier known as ICICI Prudential Focused Bluechip Equity Fund) was incepted in the year 2008 and it uses NIFTY 50 Index as its benchmark to construct its portfolio. ICICI Prudential Bluechip Fund is suitable for individuals seeking for wealth creation in the long-term by investing in a fund that in-turn invests its corpus in stocks of large-cap companies. Maruti Suzuki India Limited, Motherson Sumi Systems Limited, Larsen & Toubro Limited, and ITC Limited are some of the top constituents of the scheme’s portfolio as on March 31, 2018. The scheme uses a benchmark hugging strategy which ensures that the portfolio is well-diversified across sectors thereby reducing the concentration risk. Mr. Sankaran Naren and Mr. Rajat Chandak jointly manage this scheme of ICICI Prudential Mutual Fund.
Though both the schemes belong to the same category, nevertheless; they differ on account of numerous parameters. So, let’s understand the differences between these schemes that are classified into four section, listed below as follows:
It is the first section in the comparison that includes elements like Current NAV, Fincash Rating, and scheme category. The comparison of current NAV states that both the schemes differ on account of NAV. As on April 24, 2018, the NAV of ICICI Prudential Bluechip Fund was approximately INR 40 while of Kotak Standard Multicap Fund is around INR 33. With respect to Fincash Rating, it can be said that Kotak’s scheme is rated as 5-Star while ICICI’s scheme is rated as 4-Star. The comparison of scheme category also shows that both the schemes belong to the same category of Equity Large Cap. The summary comparison of the basics section is as shown 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 Kotak Standard Multicap Fund
Growth
Fund Details ₹77.377 ↓ -0.08 (-0.11 %) ₹45,433 on 28 Feb 25 11 Sep 09 ☆☆☆☆☆ Equity Multi Cap 3 Moderately High 1.51 -0.22 -0.01 2.23 Not Available 0-1 Years (1%),1 Years and above(NIL) ICICI Prudential Bluechip Fund
Growth
Fund Details ₹102.92 ↓ -0.27 (-0.26 %) ₹60,177 on 28 Feb 25 23 May 08 ☆☆☆☆ Equity Large Cap 21 Moderately High 1.69 -0.28 1.15 1.11 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, 6 Month Return, 3 Year Return, and 5 Year Return. The comparison of performance section reveals that at certain time periods, ICICI Prudential Bluechip Fund leads the race, while in others; Kotak Standard Multicap Fund leads the race. The table given below shown the summary comparison of the performance section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Kotak Standard Multicap Fund
Growth
Fund Details 8.1% -3.3% -9.8% 8.3% 14.9% 23.6% 14.1% ICICI Prudential Bluechip Fund
Growth
Fund Details 6.9% -1.4% -9.6% 7% 16.8% 26.5% 14.8%
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This being the third section, compares the absolute returns of both the schemes generated for a particular year. The comparison of absolute returns reveals that in almost all the instances, Kotak Standard Multicap Fund leads the race. The comparison of the yearly performance section is tabulated as follows.
Parameters Yearly Performance 2023 2022 2021 2020 2019 Kotak Standard Multicap Fund
Growth
Fund Details 16.5% 24.2% 5% 25.4% 11.8% ICICI Prudential Bluechip Fund
Growth
Fund Details 16.9% 27.4% 6.9% 29.2% 13.5%
It is the last section in the comparison of the schemes. The comparable elements forming part of other details section include AUM, minimum SIP investment, and minimum lumpsum investment. The minimum lumpsum investment for both the schemes is similar, that is, INR 5,000. However, there is a difference in the minimum SIP investment of both the schemes. In case of Kotak Mutual Fund’s scheme, the SIP amount is INR 500 and for ICICI Prudential Mutual Fund’s scheme, it is INR 1,000. The comparison of AUM also shows a difference in both the schemes. As on March 31, 2018, the AUM of Kotak Standard Multicap Fund is approximately INR 17,853 Crores while of other is nearly INR 16,102 Crores. The table given below summarizes the comparison of the other details section.
Parameters Other Details Min SIP Investment Min Investment Fund Manager Kotak Standard Multicap Fund
Growth
Fund Details ₹500 ₹5,000 Harsha Upadhyaya - 12.58 Yr. ICICI Prudential Bluechip Fund
Growth
Fund Details ₹100 ₹5,000 Anish Tawakley - 6.49 Yr.
Kotak Standard Multicap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹12,489 28 Feb 22 ₹14,036 28 Feb 23 ₹14,734 29 Feb 24 ₹19,562 28 Feb 25 ₹20,079 ICICI Prudential Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹13,046 28 Feb 22 ₹15,492 28 Feb 23 ₹16,355 29 Feb 24 ₹22,815 28 Feb 25 ₹23,416
Kotak Standard Multicap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 2.02% Equity 97.98% Other 0% Equity Sector Allocation
Sector Value Financial Services 24.22% Industrials 21.55% Basic Materials 13.78% Consumer Cyclical 10.48% Technology 9.93% Energy 6.04% Health Care 3.47% Utility 2.87% Communication Services 2.84% Consumer Defensive 2.78% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | ICICIBANK7% ₹3,320 Cr 26,500,000 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Aug 14 | BEL6% ₹2,839 Cr 97,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹2,718 Cr 16,000,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY5% ₹2,256 Cr 12,000,000
↑ 500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 13 | LT4% ₹2,033 Cr 5,700,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 14 | 5325384% ₹2,010 Cr 1,750,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 12 | SBIN4% ₹1,840 Cr 23,800,000 SRF Ltd (Industrials)
Equity, Since 31 Dec 18 | SRF4% ₹1,756 Cr 6,250,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 12 | 5322153% ₹1,578 Cr 16,000,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5322863% ₹1,504 Cr 19,000,000 ICICI Prudential Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 8.23% Equity 91.77% Equity Sector Allocation
Sector Value Financial Services 27.84% Industrials 10.24% Consumer Cyclical 9.83% Energy 8.4% Technology 8.29% Basic Materials 7.62% Consumer Defensive 5.26% Health Care 4.97% Communication Services 4.59% Utility 3.57% Real Estate 1.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK9% ₹5,826 Cr 34,294,013
↑ 1,751,819 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK8% ₹5,076 Cr 40,518,440 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT6% ₹4,100 Cr 11,492,922
↑ 88,500 Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY5% ₹3,116 Cr 16,573,722
↓ -197,137 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI5% ₹2,918 Cr 2,370,209 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE5% ₹2,891 Cr 22,854,559 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL5% ₹2,850 Cr 17,522,281
↑ 7,331 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | 5325384% ₹2,731 Cr 2,377,728
↑ 70,189 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹2,348 Cr 23,807,059
↑ 356,875 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 15 | SUNPHARMA3% ₹1,786 Cr 10,239,095
↑ 177,031
Thus, based on the above pointers, it can be said that both the schemes differ on account of various parameters though they are a part of the same category. As a result, individuals should be very careful while investing their money in any of the schemes. They should understand its modalities completely and ensure that the scheme matches their investment objective. If required they can even take an opinion of a financial advisor. This will help them to attain their Financial goals on time and in a hassle-free manner.