Fincash » SBI Blue Chip Fund Vs Mirae Asset India Equity Fund
Table of Contents
SBI Blue Chip Fund and Mirae Asset India Equity 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. These companies are also known as blue chip companies and are considered to be the market leaders in their industries. They do provide a steady growth and returns on yearly Basis. A lot of people resort to large-cap companies during economic downturns as their share prices are not much volatile. Though both SBI Blue Chip Fund and Mirae Asset India Equity Fund belong to the same category of equity fund yet; they exhibit different attributes. So, let us understand the differences between both the schemes through this article.
SBI Blue Chip Fund is offered by SBI Mutual Fund under Large Cap Category and was launched on February 14, 2006. This scheme uses S&P BSE 100 Index as its benchmark to build its Portfolio. This objective of this scheme is to provide investors with 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 January 31, 2018, some of 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 and State Bank of India.
Mirae Asset India Equity Fund (earlier known as Mirae Asset India Opportunities Fund) is an open-ended Large cap fund offered by Mirae Asset Mutual Fund. This scheme was launched in the year 2008 and it uses S&P BSE 200 Index as its base for constructing its portfolio. The scheme predominantly invests its fund money in equity and equity-related securities by taking advantage of possible investment opportunities and thereby generate capital appreciation in the long-term. Mirae Asset India Equity Fund ’s portfolio is constructed using core and tactical portions where core portion takes care of investing in quality business in the long run. On the other hand, the tactical portion tries to harness the advantages of short-to-medium term opportunities. Mirae Asset India Equity Fund is jointly managed by Mr. Neelesh Surana and Mr. Harshad Borawake.
Though both the schemes belong to the same category yet; there are differences between the same. So, let us understand the differences between SBI Blue Chip Fund and Mirae Asset India Equity Fund on various parameters which are classified into Basics Section, Performance Section, Yearly Performance Section, and Other Details Section.
This section compares parameters like Scheme Category, Fincash Ratings, Current NAV, and other related ones. To begin with the Scheme Category, it can be said that both the schemes belong to the same category, that is, Equity Large Cap. The next comparable parameter is Fincash Ratings. As per this parameter, the scheme offered by Mirae leads the race with 5-Star Rating while; the scheme offered by SBI is rated as a 4-Star Scheme. Also, the Current NAV of both the schemes is different. As on February 27, 2018, the NAV of Mirae Asset India Equity Fund was approximately INR 47 and of SBI Blue Chip Fund was approximately INR 38. The table given below summarizes the comparison of Basics Section between both the schemes.
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 ₹86.7908 ↑ 0.46 (0.54 %) ₹46,140 on 28 Feb 25 14 Feb 06 ☆☆☆☆ Equity Large Cap 9 Moderately High 1.59 -0.12 -0.14 2.55 Not Available 0-1 Years (1%),1 Years and above(NIL) Mirae Asset India Equity Fund
Growth
Fund Details ₹105.029 ↑ 0.54 (0.52 %) ₹35,533 on 28 Feb 25 4 Apr 08 ☆☆☆☆☆ Equity Multi Cap 19 Moderately High 1.19 -0.23 -0.48 1.9 Not Available 0-1 Years (1%),1 Years and above(NIL)
The Performance Section compares the Compounded Annual Growth Rate (CAGR) Returns between both the schemes at different time periods. Some of the time intervals that form part of performance section for which the comparison is made include 1 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. On a hindsight, the comparison between both the schemes shows that the returns generated by Mirae Asset India Equity Fund is higher than that of SBI Blue Chip Fund at various time intervals. The table given below shows the performance comparison of both the schemes.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Bluechip Fund
Growth
Fund Details 5.2% -1.7% -9.4% 9.5% 13.7% 23.9% 12% Mirae Asset India Equity Fund
Growth
Fund Details 5% -2.3% -10.1% 9.8% 11.4% 21.9% 14.9%
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Yearly Performance Section compares the absolute returns generated by both the schemes for a specific year. The comparison of yearly performance section also states that the returns generated by Mirae Asset India Equity Fund is higher than that of SBI Blue Chip Fund. The yearly performance section of both the schemes is tabulated as follows.
Parameters Yearly Performance 2023 2022 2021 2020 2019 SBI Bluechip Fund
Growth
Fund Details 12.5% 22.6% 4.4% 26.1% 16.3% Mirae Asset India Equity Fund
Growth
Fund Details 12.7% 18.4% 1.6% 27.7% 13.7%
Other Details Section is the last section in the comparison of both the schemes. The comparable elements forming part of this section include Minimum SIP Investment, Minimum Lumpsum Investment, AUM, Exit Load, and other parameters. To being with Minimum SIP Investment, it can be said that the SIP investment amount is different for both the schemes. For Mirae’s scheme, the minimum SIP amount is INR 1,000 and for SBI’s scheme, it is INR 500. However, the Minimum Lumpsum Amount for investment in both the schemes is same, that is, INR 1,000. The comparison of AUM portrays different AUM for both the schemes. As on January 31, 2018, the AUM of Mirae Asset India Equity Fund was approximately INR 6,612 crores while of SBI Blue Chip Fund was approximately INR 18,151 crores. The comparison summary of both the schemes 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 - 0.91 Yr. Mirae Asset India Equity Fund
Growth
Fund Details ₹1,000 ₹5,000 Gaurav Misra - 6.08 Yr.
SBI Bluechip Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹13,345 28 Feb 22 ₹15,037 28 Feb 23 ₹15,982 29 Feb 24 ₹19,990 28 Feb 25 ₹20,887 Mirae Asset India Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹12,872 28 Feb 22 ₹14,769 28 Feb 23 ₹15,159 29 Feb 24 ₹18,840 28 Feb 25 ₹19,368
SBI Bluechip Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.61% Equity 94.25% Debt 0.14% Equity Sector Allocation
Sector Value Financial Services 30.02% Consumer Cyclical 15.25% Consumer Defensive 10.26% Technology 9.79% Industrials 8.22% Health Care 6.32% Basic Materials 5.16% Energy 5.15% Communication Services 2.79% Real Estate 1.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK10% ₹4,698 Cr 27,655,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | ICICIBANK7% ₹3,633 Cr 29,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 09 | LT5% ₹2,640 Cr 7,400,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 17 | INFY5% ₹2,575 Cr 13,700,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 15 | RELIANCE5% ₹2,391 Cr 18,900,937
↑ 3,300,937 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 24 | TCS4% ₹1,876 Cr 4,562,331 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC4% ₹1,790 Cr 40,000,000
↓ -10,300,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 16 | KOTAKBANK4% ₹1,749 Cr 9,200,000 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 Oct 14 | 5008253% ₹1,580 Cr 3,080,000
↑ 478,162 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 12 | DIVISLAB3% ₹1,524 Cr 2,731,710 Mirae Asset India Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.59% Equity 99.41% Other 0% Equity Sector Allocation
Sector Value Financial Services 34.36% Technology 12.81% Consumer Cyclical 9.86% Industrials 9.37% Basic Materials 8.48% Consumer Defensive 7.27% Energy 5.33% Health Care 4.01% Communication Services 3.86% Utility 3.14% Real Estate 0.92% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹3,643 Cr 21,443,565 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹2,727 Cr 21,763,754
↓ -415,406 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY6% ₹2,394 Cr 12,733,584
↓ -183,240 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE5% ₹1,802 Cr 14,242,518 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS4% ₹1,470 Cr 3,575,191
↓ -142,639 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,461 Cr 8,986,530
↓ -108,244 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹1,456 Cr 14,768,985 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹1,376 Cr 3,856,728
↓ -50,024 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK3% ₹1,056 Cr 5,552,471
↓ -699,662 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹1,047 Cr 23,391,560
↑ 2,842,994
Thus, from the above pointers, it can be said that there is a difference between both the schemes. As a result, individuals should be careful while choosing any of the schemes. They should understand the modalities of the scheme completely before investing in it. In addition, they should also ensure whether the scheme’s approach is in-line with their investment objectives or not. If required, you can even consult a financial advisor. This will help you ensure that your investment is safe and your objectives are met in a timely manner.
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