ICICI Pru Bluechip Cap fund Vs Axis Bluechip Cap fund
Fund Details :
| Fund Name | Year Of Inception | Fund rating ( Crisil rated ) | Portfolio Size ( In Cr ) | Expense ratio | PE ratios |
| ICICI Pru blue chip fund | 2008 | 5 | 54,904.23 | 1.49 | 19.18 |
| Axis blue chip fund | 2010 | 1 | 33,351.61 | 1.56 | 20.88 |
ICICI Pru blue chip fund :
ICICI Pru blue chip fund is one of the large funds of the category , 5 star rated fund. The has expense ratio in line with the category and Low PE of 19.18.
Axis blue chip fund :
Fund made entry in 2010, is currently rated as 1 star. The fund has a very decent size , as it was also favoured by a lot of people. Low expense ratio of 1.56 . The fund PE 20.88 is very decent.
Trailing Returns :
1 Year Trailing return
ICICI large cap is beating the axis large by big margin
3 Year Trailing Return
ICICI Pru large cap has a whooping margin lead on Axis blue chip fund . Axis blue chip gave a return of 10% but ICICI blue chip was 20% almost double. And this has been the rally years.
5 years trailing returns
ICICI Pru large cap again has been 7% higher in 5 years trailing returns.
10 Years Trailing returns
ICICI blue chip gave a returns of 15.37%
Axis Blue chip gave return of 13.58 %
Since the difference in terms of percentage is just 1.78 , we check the value of investment after 10 years of investment if we had invested Rs1,00,000/-
ICICI blue chip gave a returns of Rs 4,17,762/-
Axis Blue chip gave return of Rs 3,57,288/-
Difference of Rs 60,474 approx 60% of the invested value.
13 Years Trailing returns
ICICI blue chip gave a returns of 15.8%
Axis Blue chip gave return of 14.38%
Since the difference in terms of percentage is just 1.42% , we check the value of investment after 10 years of investment if we had invested Rs1,00,000/-
ICICI blue chip gave a returns of Rs 6,73,304/-
Axis Blue chip gave return of Rs 5,73,523/-
Difference of Rs 99,781 approx 99.7% of the invested value.
Rolling returns :
We have considered rolling returns of 3 years since 2012 , as a large cap Any fund with 12% should be good enough. The recent run up has added to a little push in returns so 15 % is what we see in the first category of stability returns.
>15% Rolling returns
ICICI Pru BlueChip cap fund was able to deliver results in this category for 49.83% of times as compared to Axis Blue Chip fund 38.56 % of times.
>12% Rolling returns
ICICI Pru Bluechip fund was 71.77% times delivered results in 12% above whereas as Axis blue chip was able to deliver 65.62%
<than 8%
ICICI Pru Blue chip was 10.3% times less than 8% and even negative zone in period of 3 years rolling returns. The Axis Bluechip fund was 3.83% of time in this zone.
VS benchmark :
| Fund Name | 1-Yr Ret (%) | Beat the benchmark | 3-Yrs Ret (%) | Beat the benchmark | 5-Yrs Ret (%) | Beat the benchmark | 10-Yrs Ret (%) | Beat the benchmark |
| ICICI Pru blue chip fund | 36.97 | Yes | 20.47 | Yes | 23.13 | Yes | 15.37 | Yes |
| Axis blue chip fund | 28.24 | No | 10.74 | No | 14.99 | No | 13.48 | No |
| NIFTY 100 TRI | 30.49 | – | 16.39 | – | 18.99 | 14.22 |
Axis blue has not been able to beat the index in trailing returns.
Ratios:
| Fund Name | Alpha 3 yr | Alpha 5 yr | Beta 3 yr | Beta 5 yr | Std deviation | Sharpe Ratio | Sortino Ratio |
| ICICI Pru blue chip fund | 4.26 | 1.97 | 0.87 | 0.94 | 11.54 | 1.27 | 2.8 |
| Axis blue chip fund | -5.01 | -1.15 | 0.97 | 0.82 | 13.25 | 0.49 | 1.04 |
ICICI Pru blue chip fund : The fund has generated a decent Alpha, and risk adjust sharpe ratio as per category is decent. The fund has a beta of 0.87 which it has improved to 0.94 and std deviation of 11.54 , which shows the fund is very stable. Fund has a great downside protection ratio of 2.8.
Axis blue chip fund : Fund is negative alpha for both 3 yr and 5 yr . Low risk adjusted returns. High volatility , high market correlation at beta 0.97 for 3 years and 0.82 at 5 years and std deviation at 12.82 . Sortino ratio is low.
Fund managers Longevity :
ICICI Pru blue chip fund :
The fund is being managed by 3 fund managers ,Anish Twakely deputy CIO of the ICICI Pru amc and has been managing the fund for about 6 years now. Other managers are 3 and 2 years old in the fund.
Axis Blue chip fund :
The Axis Blue chip fund is being managed by 3 fund managers. Mr Shreyash Devalkar, the head of equity for Axis MF has been managing the fund for last 8 years. Along with the two fund managers.
Portfolio :
| Fund Name | Strategy | Top Sectors | Top Stock | No of Stocks | Portfolio Churn | Caps Allocation |
| ICICI Pru blue chip fund | Growth | Financial : 25.79 Energy : 12.59 Automobile : 12.02 Industrial : 11.17 | ICICI Bank Ltd. : 7.85% Reliance Industries Ltd. : 6.96% Larsen & Toubro Ltd. : 5.12% HDFC Bank Ltd. : 5.12 | 64 | 27% | Large Cap : 89.29% Mid Cap: 0.87% Small Cap : Cash :9.73% |
| Axis blue chip fund | Growth & Quality | Financial services- 30.58 Automobiles and components – 13.97 Technology – 10.50 Consumer defensive – 10.15 |
HDFC Bank Limited 8.71% ICICI bank ltd. 7.73% Reliance Industries Limited 6.31% Avenue Supermarts Limited 4.97% | 55 | 39% | Large Cap: 95.59 % Mid Cap: 0.0% Small cap: 0% Others : 4.41% |
As in line with the index the financial makes the highest contribution to the funds and HDFC makes a major chunk of that allocation.
The allocation to consumer defensive and avenue supermart is leading, The portfolio from ICICI Pru makes much more sense and seems they are placing bets very according to the cycles as of now. HDFC highest allocation may play out well in future.
Axis seems to be working on the portfolio. So i think much stable portfolio of ICICI makes much more sense to stock around.
This segment has also shown that the funds which were the top performing in the category are not able to deliver results. And the investors who are looking to invest in this category , again my advise take help of your advisor or wealth manager
You can reach us to help you design the bets fund portfolio , so that you get best results according to your need and assessment.( you can reach us : https://wa.me/message/LC5W5ZNTPSJ5L1)
