Fund Name Year Of Inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE ratios Exit Load ICICI Pru blue chip fund 2008 5 63,938 1.45 19.11 1% for redemption within 365 days Nippon India large cap fund 2007 5 35,313 1.57 20.13 1% for redemption within 7 days JM large cap fund 1995 4 495 2.36 20.52 1% for redemption within 30 days HDFC Large Cap fund 1996 4 36,587 1.61 16.44 1% for redemption within 365 days Aditya birla Frontline equity 2002 3 29,323 1.65 19.69 1% for redemption within 90 days Canara Robeco Bluechip Equity fund 2010 3 14,824 1.66 22.14 1% for redemption within 365 days SBI blue chip Fund 2006 2 50,502 1.5 22.52 1% for redemption within 365 days Mirae asset large cap fund 2008 1 39337 1.52 10.47 1% for redemption within 365 days DSP Top 100 Equity Fund Reg (G) 2003 4 4,530 1.93 15.76 1% for redemption within 364 days WhiteOak Capital Large Cap Fund Reg (G) 2022 – 661 2.33 21.74 1% for redemption within 30 days Invesco India Large cap Fund (G) 2009 4 1,317 2.09 22.88 0 ICICI Pru blue chip fund : The fund has the highest AUM in the category , launched in the year 2008, The fund enjoys CRISIL 5 star rating. The fund size is 63,938 cr, Low expense ratio of 1.45. The fund has PE of 19.11. The exit load of the fund is 1% before 365 days. Nippon India large cap fund : The fund was launched in the year 2007, is Crisil 5 star rated fund, with portfolio size of 35,313 cr. Expense ratio of 1.57. The PE of the fund is 20.13. Exit load is 1% for redemption within 7 days. JM large cap fund The fund was launched in the year 1995, Is CRISIL 4 star rated fund, with portfolio size of just 495 cr and high expense ratio of 2.36. The Current PE of 20.52. Exit load of the fund is 1% for redemption within 30 days. HDFC Large Cap fund The fund was launched in 1996, It is CRISIL rated 4 star. The fund enjoys a good portfolio size of 36,587 cr. The expense ratio of the fund is 1.61. The PE of the fund is 16.44. Exit load 1% for redemption within 365 days. Aditya birla Frontline equity The fund was launched in 2002, CRISIL rated 3. It has a good fund size of 29,323 cr. The expense ratio of the fund is 1.65. PE of the fund is 19.69. Exit laid of the fund is 1% for redemption within 90 days. Canara Robeco Bluechip Equity fund The fund was launched in 2010, Currently rated as 3 star by CRISIL. The fund size is 14,824 cr. The expense ratio of 1.66. The PE of the fund is 22.14.Exit load is 1% for the redemption within 365 days. SBI blue chip Fund The fund was launched in the year 2006, This is the second largest fund in AUM at 50,502 cr. The fund is CRISIL rated at 2. The expense ratio of the fund is 1.5. PE of the fund is 22.52. Exit load of the fund is 1% for redemption within 365 days. Mirae asset large cap fund The fund was launched in 2008, CRISIL rated 1 star. This is the 3rd largest fund by AUM in the category 39,337 cr. The expense ratio of the fund is 1.52. The PE of the fund is 10.47. Exit load of the fund is 1% for redemption within 365 days. DSP Top 100 Equity Fund Reg (G) The fund was launched in 2003, CRISIL rated 4 star. The fund size is 4,530 cr. The Expense ratio is 1.93. The PE of the fund is 15.76. Exit load of the fund is 1% for redemption within 365 days. WhiteOak Capital Large Cap Fund Reg (G) The fund was recently launched in 2022, no CRISIL rating. The fund size is 661 cr. The expense ratio is 2.33. The PE of the fund is 21.74. Exit load of the fund was 1% for redemption for 365 days. Invesco India Large cap Fund (G) The fund was launched in 2009, CRISIL rated 4 star. Fund size of 1,317 cr. The expense ratio is 2.09. The PE of the fund is 22.88. The does not have any exit load. Trailing Returns : Scheme 1 Year 3 Year 5 Year 7 Year 10 Year 15 Year Nippon India Large Cap Fund (G) 12.23 16.78 18.12 13.73 13.51 13.9 ICICI Pru Bluechip Fund Reg (G) 12.11 13.83 17.41 13.63 13.46 14.11 JM Large Cap Fund (G) 7.99 12.09 16.26 12.2 10.53 9.56 HDFC Large Cap Fund (G) 7.26 13.96 15.99 12.34 11.97 12.45 Aditya Birla SL Frontline Equity Fund Reg (G) 10.79 10.96 15.52 11.58 11.9 12.6 Canara Robeco Bluechip Equity Fund (G) 12.7 10.35 16.08 14.35 13.05 – SBI Blue Chip Fund Reg (G) 9.51 10.42 15.22 11.8 12.49 12.61 Mirae Asset Large Cap Fund Reg (G) 8.33 7.91 13.45 11.25 12.73 13.96 DSP Top 100 Equity Fund Reg (G) 16.74 13.41 13.9 11.5 10.86 10.91 WhiteOak Capital Large Cap Fund Reg (G) 15.09 – – – – – Invesco India Largecap Fund (G) 13.8 11.04 16.31 12.97 12.51 12.19 1 Year Trailing return 1st Quartile : 14-17% – DSP Top 100 Equity Fund Reg (G), WhiteOak Capital Large Cap Fund Reg (G) 2nd Quartile : 11-14% – Nippon India Large Cap Fund (G), ICICI Pru Bluechip Fund Reg (G), Canara Robeco Bluechip Equity Fund (G), Invesco India Largecap Fund (G) 3rd Quartile : 8- 11%  –JM Large Cap Fund (G), HDFC Large Cap Fund (G), Aditya Birla SL Frontline Equity Fund Reg (G), SBI Blue Chip Fund Reg (G), Mirae Asset Large Cap Fund Reg (G) 4rth Quartile : 5- 8%  – no fund 3 Year Trailing Return 1st quartile  : 14-17%- Nippon India Large Cap Fund (G) 2nd quartile : 11-14%-ICICI
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 : 0% 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
The Union Budget 2024 ushered in significant changes to the taxation of capital gains in India. These modifications have far-reaching implications for investors across various asset classes. Let’s delve into the key alterations: Harmonisation of Long-Term Capital Gains (LTCG) Tax Rate Uniform rate:The most prominent change is the introduction of a uniform LTCG tax rate of 12.5% for all asset classes, including property, gold, and equity. Previously, these assets had different tax rates No indexation benefit:The government has eliminated the indexation benefit, a provision that allowed taxpayers to adjust the purchase price of an asset for inflation. This means higher taxable gains. What were the major the major announcements Short term gains on certain financial assets shall henceforth attract a tax rate of 20 per cent, while that on all other financial assets and all non-financial assets shall continue to attract the applicable tax rate. Long term gains on all financial and non-financial assets, on the other hand, will attract a tax rate of 12.5 per cent. For the benefit of the lower and middle-income classes, I propose to increase the limit of exemption of capital gains on certain financial assets to ₹ 1.25 lakh per year. Listed financial assets held for more than a year will be classified as long term, while unlisted financial assets and all non-financial assets will have to be held for at least two years to be classified as long-term. Unlisted bonds and debentures, debt mutual funds and market linked debentures, irrespective of holding period, however, will attract tax on capital gains at applicable rates. ( Refer : https://www.indiabudget.gov.in/) Impact on Different Asset Classes Property: While the LTCG tax rate has reduced from 20% to 12.5%, the removal of indexation might offset this benefit, especially for older properties. Gold: Similar to property, the lower tax rate is counterbalanced by the absence of indexation. Equity: While the LTCG tax rate has increased from 10% to 12.5%, the exemption limit has been raised from Rs. 1 lakh to Rs. 1.25 lakh. Short-Term Capital Gains (STCG) Tax Higher rate: The STCG tax rate on equity-related investments has been increased from 15% to 20%. Asset Class Holding Period STCG LTCG Shares/ Equity (Listed) 12 months 20% 12.5% Equity MF 12 Months 20% 12.5% Bonds ( Listed ) 12 Months 20% 12.5% REITs/ InVITs 12 Months 20% 12.5% Silver/ Gold ETF 12 Months Slab 12.5% Gold Funds 24 Months Slab 12.5% Stock( Unlisted ) 24 Months Slab 12.5% Foreign Shares 24 Months Slab 12.5% Overseas Equity Fund 24 Months Slab 12.5% Gold 24 Months Slab 12.5% Real Estate 24 Months Slab 12.5% Debt MF/ MLD NA Slab Slab Debt ETF NA Slab Slab Bonds ( Unlisted) NA Slab Slab Key Takeaways Simplification: The new regime aims to simplify the tax structure for capital gains. Higher tax burden: For many investors, especially those with older assets, the overall tax burden might increase due to the removal of indexation. Strategic planning: Investors need to carefully evaluate the impact of these changes on their portfolios and investment strategies. Conclusion The changes in capital gains tax introduced in Budget 2024 mark a significant departure from the existing tax regime. While the intent might be to simplify the tax structure, the practical implications for investors are complex. It is crucial to consult with a tax professional to understand the full ramifications of these changes on your personal financial situation. 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) Do set you asset allocation and understand which fund would suit you the best Asset allocation: Guideline for investment
Large-cap funds are a type of mutual fund that invests in stocks of companies with the largest market capitalizations. These companies are typically well-established and have a long history of profitability. Large-cap funds are generally considered to be less risky than other types of equity funds, such as mid-cap and small-cap funds. This is because large-cap companies are more likely to be able to weather economic downturns. However, they also tend to offer lower potential returns than other types of equity funds. Here are some of the benefits of investing in large-cap funds: Lower risk: Large-cap stocks are generally less volatile than stocks of smaller companies. This means that the value of your investment is less likely to fluctuate significantly over time. Steady returns: Large-cap companies have a long history of paying dividends to shareholders. This can provide you with a steady stream of income from your investment. Diversification: Large-cap funds typically invest in a variety of different companies across different sectors of the economy. This can help to reduce the risk of your investment being affected by a downturn in any one sector. This category faces the biggest competition with the index funds with index fund companies always promoting their funds as if they do not carry risk, which is not the true case, the index has the same amount of risk as these funds. 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 17.01 Nippon India large cap fund 2007 5 26,137.65 1.61 18.40 JM large cap fund 1995 5 144.17 2.41 15.36 HDFC top 100 fund 1996 4 33,170.08 1.62 14.53 Aditya birla Frontline equity 2002 3 27,192.15 1.66 17.70 Canara Robeco Bluechip Equity fund 2010 3 12,830.12 1.69 17.66 Kotak Blue chip fund 1998 3 8,027.99 1.76 20.44 SBI blue chip Fund 2013 2 45,410.51 1.53 24.12 Axis blue chip fund 2010 1 33,351.61 1.56 17.92 Mirae asset large cap fund 2008 1 37,631.07 1.53 19.98 Bank of india Bluechip cap fund 2021 – 144.86 2.46 18.65 Quant Large cap fund 2022 – 997.48 2.17 20.53 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 17. Nippon India large cap fund : The fund is a 5 star rated fund. The fund size is not that large. The fund expense ratio is a bit on the higher side because of the small size. Decent PE of 18. JM large cap fund : It is one of the oldest funds in the category with 5 star rating. The fund size is very small, just 144 cr. Since the size is small the expense ratio is 2.41 and PE very low at 15.36. HDFC top 100 fund : It’s another oldest fund of the category , and is rated 4 star. The fund has a decent fund size. The Expense ratio is in line with the category. The fund has the lowest PE in the category. Aditya birla Frontline equity : Once a darling of all the investment advisors , the fund now is rated 3. Fund size is decent and not too large. Expense ratio in line with category. PE of 17.70 is also decent. Canara Robeco Bluechip Equity fund: The fund was launched in 2010, so fairly new in the category is now rated 3 star. Fund size is not big. Expense ratio is a bit high . PE of 17.66 Is decent. Kotak Blue chip fund: Is another old fund, currently rated as 3. Not a big size fund. The expense ratio is a bit high at 1.76. The PE is also high of 20.44. SBI blue chip Fund : This is the second largest fund of the category as the name and distribution muscle of SBI can be seen. The fund is just 2 star rated. Size of above 45,000 cr. Very low expense ratio in the category. The PE of 24.2 seems in line with the index and a bit of concern. 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 17.92 is very decent. Mirae asset large cap fund : Made its debut in 2008, the fund is rated as 1. The fund has a very decent size in the category and was also favoured by lot advisors. Fund has a low expense ratio. PE 19.98 is a bit high. Bank of India Bluechip cap fund : A very new entrant to the category in 2021 , launched during covid times, so the fund is still not rated. Very small size of just 144 cr. Of Course the expense ratio is very high. The PE is at 18.65 is decent. Quant Large cap fund : Launched in 2022, it’s the latest one in the category. Not rated yet. Small fund size of about 997.48. Expense ratio is high of 2.17. High PE of 20.53 Trailing Returns : 1 Year Trailing return First quartile,> 46% as always is taken by none other than Quant Large Cap fund 2nd quartile, 44-46% we have BOI Bluechip fund and JM Large Cap fund. 3rd quartile , 35-40%, ICICI Pru Bluechip fund and Nippon India Large cap fund 4th quartile, 30-35%, HDFC Top 100 fund, Kotak Bluechip fund, Aditya Birla SL Frontline Equity, Canara Robeco Bluechip Equity Fund. 5th quartile 25-30%, Axis bluechip fund , SBI blue Chip fund 6th quartile 20-24%, Mirae asset Large cap fund 3 Year Trailing Return 1st Quartile, >24% Nippon Large cap fund took lead in the last 3 years 2nd quartile 20% -24% , The lead was taken by JM large cap fund, ICICI Pru Bluechip