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Fincash » SBI Blue Chip Vs ICICI Pru Bluechip Fund

SBI Blue Chip Fund Vs ICICI Prudential Bluechip Fund

Updated on November 21, 2024 , 15623 views

SBI Blue Chip Fund and ICICI Prudential Bluechip 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. Large-cap companies are also known as bluechip companies and are supposed to be the market leaders in their respective Industry. A lot of people resort to large-cap companies during economic downturns as their share prices are not much volatile. These companies do provide a steady growth and returns on yearly Basis. Though both SBI Blue Chip Fund and ICICI Prudential Bluechip Fund belong to the same category of Large cap fund yet; they exhibit different attributes. So, let us understand the differences between both the schemes based on various parameters.

SBI Blue Chip Fund

SBI Blue Chip Fund is a large-cap equity fund offered by SBI Mutual Fund and was launched on February 14, 2006. SBI Blue Chip Fund uses S&P BSE 100 Index as its benchmark to build its Portfolio. This objective of this scheme is to provide investors 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 March 31, 2018, 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, Nestle India Limited, etc.

SBI Blue Chip Fund is suitable for investors seeking for long-term capital growth coupled with an exposure to Indian Blue Chip companies from a medium to long-term perspective.

ICICI Prudential Bluechip Fund (Erstwhile ICICI Prudential Focused Bluechip Equity Fund)

ICICI Prudential Bluechip Fund (earlier known as ICICI Prudential Focused Bluechip Equity Fund) is a part of ICICI Prudential Mutual Fund. This scheme was launched in the year 2008. The scheme uses Nifty 50 Index as its benchmark to construct the portfolio. Some of the key benefits of ICICI Prudential Bluechip Fund is, it invests in shares of large-cap companies having low Volatility, strong fundamentals, and capable of delivering consistent long-term returns. It follows a benchmark hugging strategy which ensures that the portfolio is well diversified and helps to reduce the overall risk. ICICI Prudential Bluechip Fund is managed by Mr. Sankaran Naren and Mr. Rajat Chandak.

The top holdings of this scheme (as on March 31, 2018) included Maruti Suzuki India Limited, Motherson Sumi Systems Limited, Larsen & Toubro Limited, and ITC Limited.

SBI Blue Chip Fund Vs ICICI Prudential Bluechip Fund

Though both SBI Blue Chip Fund and ICICI Prudential Bluechip Fund belong to the same category, yet; they differ on account of various parameters. So, let’s understand the differences between both the schemes on these parameters that are divided into four sections which are as follows.

Basics Section

It is the first section in the comparison of both the schemes. The comparable elements that form part of the basics section include Current NAV, Fincash Rating, and scheme category. Comparison of the current NAV reveals that there is a difference between the NAV of both the schemes. As on April 20, 2018, the NAV of SBI Blue Chip Fund was approximately INR 38 while the NAV of ICICI Prudential Bluechip Fund was approximately INR 40.

Fincash Rating says that both SBI Blue Chip Fund and ICICI Prudential Bluechip Fund are rated as 4-Star schemes.

Similarly, with respect to the scheme category, it can be said that both the schemes belong to the same category of Equity Large Cap. The table given below shows the summary of the basics section.

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
₹88.3122 ↑ 1.63   (1.88 %)
₹50,447 on 31 Oct 24
14 Feb 06
Equity
Large Cap
9
Moderately High
1.59
1.65
-0.32
0.54
Not Available
0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹104.79 ↑ 1.91   (1.86 %)
₹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)

Performance Section

The Compounded Annual Growth Rate or CAGR returns for both the schemes at different time intervals are compared in this section. Some such time intervals include 1 Month Return, 6 Month Return, 3 Year Return, and Return Since Inception. With respect to the performance, it can be said that for certain time intervals, the returns generated by both the schemes are same. While in certain intervals, SBI Blue Chip Fund leads the race and in others, ICICI Prudential Bluechip Fund lead the race. However, there is not much significant difference between the returns generated by both the schemes. The summary comparison of the performance section is tabulated as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Bluechip Fund
Growth
Fund Details
-2.4%
-2.7%
7.1%
22.5%
12.9%
16.6%
12.3%
ICICI Prudential Bluechip Fund
Growth
Fund Details
-2.3%
-3%
6.5%
29.2%
16.9%
19.3%
15.3%

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Yearly Performance Section

This section is the third section in the comparison and the element compared is absolute returns generated for a particular year. The comparison of yearly performance section also reveals that for certain years, ICICI Prudential Bluechip Fund leads the race while in others, SBI Blue Chip Fund leads the race. However, here too the difference between the returns generated by both the schemes is not different.

Parameters
Yearly Performance2023
2022
2021
2020
2019
SBI Bluechip Fund
Growth
Fund Details
22.6%
4.4%
26.1%
16.3%
11.6%
ICICI Prudential Bluechip Fund
Growth
Fund Details
27.4%
6.9%
29.2%
13.5%
9.8%

Other Details Section

It is the last section in the comparison of both the schemes. It includes elements like AUM, minimum SIP and lumpsum investment. To begin with the AUM, it can be said that the AUM of both the schemes is different with SBI Blue Chip Fund leading the race.

As on March 31, 2018, the AUM of SBI Blue Chip Fund was approximately INR 17,724 Crores while of ICICI Prudential Bluechip Fund was approximately INR 16,102 Crores.

The minimum lump sum amount for both the schemes is same, that is, INR 5,000. However, the minimum SIP investment for SBI’s scheme is INR 500 while of ICICI’s scheme is INR 1,000. The comparison summary of other details section is tabulated as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Bluechip Fund
Growth
Fund Details
₹500
₹5,000
Saurabh Pant - 0.59 Yr.
ICICI Prudential Bluechip Fund
Growth
Fund Details
₹100
₹5,000
Anish Tawakley - 6.16 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 19₹10,000
31 Oct 20₹9,583
31 Oct 21₹15,002
31 Oct 22₹15,434
31 Oct 23₹16,840
31 Oct 24₹21,726
Growth of 10,000 investment over the years.
ICICI Prudential Bluechip Fund
Growth
Fund Details
DateValue
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

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash5.14%
Equity94.86%
Equity Sector Allocation
SectorValue
Financial Services27.82%
Consumer Cyclical16.04%
Consumer Defensive11.27%
Technology9.04%
Industrials8.24%
Health Care7.1%
Basic Materials5.66%
Energy4.68%
Communication Services2.69%
Real Estate2.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK
8%₹4,244 Cr24,450,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | ICICIBANK
7%₹3,748 Cr29,000,000
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
5%₹2,459 Cr50,300,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 17 | INFY
5%₹2,407 Cr13,700,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 09 | LT
4%₹2,245 Cr6,198,441
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 15 | RELIANCE
4%₹2,078 Cr15,600,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 24 | TCS
4%₹1,811 Cr4,562,331
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 12 | DIVISLAB
3%₹1,609 Cr2,731,710
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 16 | KOTAKBANK
3%₹1,593 Cr9,200,000
Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 Oct 14 | 500825
3%₹1,490 Cr2,601,838
Asset Allocation
ICICI Prudential Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash11.15%
Equity88.85%
Equity Sector Allocation
SectorValue
Financial Services25.84%
Consumer Cyclical10.58%
Industrials9.92%
Energy8.41%
Technology7.8%
Basic Materials6.92%
Consumer Defensive5.72%
Health Care4.88%
Communication Services4.26%
Utility3.32%
Real Estate1.2%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | ICICIBANK
8%₹5,158 Cr40,518,440
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
7%₹4,671 Cr26,970,899
↑ 4,278,804
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 12 | LT
6%₹4,121 Cr11,212,422
↑ 567,805
Infosys Ltd (Technology)
Equity, Since 30 Nov 10 | INFY
5%₹3,146 Cr16,770,859
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
5%₹3,082 Cr10,435,550
↓ -4,060,250
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI
5%₹3,015 Cr2,277,293
↑ 47,567
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
4%₹2,821 Cr16,502,788
↑ 411,550
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
4%₹2,790 Cr22,640,714
↑ 282,106
UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 17 | 532538
4%₹2,507 Cr2,124,133
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 15 | SUNPHARMA
3%₹1,939 Cr10,062,064

Thus, from the above points, it can be concluded that both the schemes differ from each other on account of various parameters. As a result, individuals should be very careful while choosing a scheme to invest. They should understand the modalities of the scheme completely before investing in it. Also, if required, investors can get an opinion from financial advisors. This will help them to ensure that their objectives are attained along with the money being safe.

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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Preeti, posted on 2 Nov 18 4:48 PM

Very nice comparison of top funds. I like the details being displayed in the article.

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