Table of Contents
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 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 (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.
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.
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 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 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)
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 Performance 1 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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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 Performance 2023 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%
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 Details Min 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.
SBI Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 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 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
SBI Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.14% Equity 94.86% Equity Sector Allocation
Sector Value Financial Services 27.82% Consumer Cyclical 16.04% Consumer Defensive 11.27% Technology 9.04% Industrials 8.24% Health Care 7.1% Basic Materials 5.66% Energy 4.68% Communication Services 2.69% Real Estate 2.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK8% ₹4,244 Cr 24,450,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | ICICIBANK7% ₹3,748 Cr 29,000,000 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC5% ₹2,459 Cr 50,300,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 17 | INFY5% ₹2,407 Cr 13,700,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 09 | LT4% ₹2,245 Cr 6,198,441 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 15 | RELIANCE4% ₹2,078 Cr 15,600,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 24 | TCS4% ₹1,811 Cr 4,562,331 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 12 | DIVISLAB3% ₹1,609 Cr 2,731,710 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 16 | KOTAKBANK3% ₹1,593 Cr 9,200,000 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 Oct 14 | 5008253% ₹1,490 Cr 2,601,838 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
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.
Very nice comparison of top funds. I like the details being displayed in the article.