ICICI Prudential Bluechip Fund vs Axis Midcap Fund
Side-by-side comparison of returns, risk, expenses, holdings and performance. AI-powered insights included.
3Y Return
15.44%
3Y Return
19.19%
Today, we dekho at two popular funds - ICICI Prudential Bluechip Fund and Axis Midcap Fund. Both funds have their own strengths and weaknesses. In this article, we will compare these two funds on various parameters like returns, risk, expense ratio, and portfolio diversification. Our purpose is to help you make an informed decision about which fund is better for your investment goals and risk tolerance.
| Parameter | AICICI Prudential Bluechip Fund - Direct Plan - Growth | BAxis Midcap Fund - Direct Plan - Growth |
|---|---|---|
| Fund House | ICICI Prudential | Axis Mutual Fund |
| Category | Large Cap | Mid Cap |
| NAV (₹) | 83.91 | 136.27 |
| AUM (₹ Cr) | 5.81 Lac Cr | 3.23 Lac Cr |
| Expense Ratio (%) | 0.52% | 1.58% |
| Riskometer | Very High | Very High |
| Volatility | 12.52 | 14.48 |
| Sharpe Ratio | 0.71 | 0.88 |
| 1 Year Return (%) | 24.48% | 7.41% |
| 3 Year Return (%) | 15.44% | 19.19% |
| 5 Year Return (%) | 12.65% | 16.41% |
| Since Launch (%) | 16.42% | 18.68% |
| Min SIP (₹) | 500 | 500 |
| Min Lumpsum (₹) | 1000 | 1000 |
| Launch Date | 3 January 2013 | 2 January 2013 |
| Exit Load | Nil | Nil |
| Fund Manager | Anish Tawakley; Vaibhav Dusad (6.5 years yrs) | Krishnaa Narayan; Nitin Arora; Shreyash Devalkar (9.5 years yrs) |
| Benchmark | Nifty 50 | Nifty Midcap 150 TRI |
| Top 3 Holdings | HDFC Bank Ltd. (8.5%), ICICI Bank Ltd. (7.8%), Reliance Industries Ltd. (6.9%) | The Federal Bank Ltd. (3.87%), Fortis Healthcare Ltd. (3.56%), Multi Commodity Exchange Of India Ltd. (3.43%) |
| Asset Allocation | Equity: 96.00% | T-Bills: 4.00% | Equity: 89.53% | Mutual Fund: 0.94% | Futures: 0.21% |
| Portfolio Turnover | 28% | 12% |
🤖 AI Verdict – Which is Better?
Sach ye hai, Axis Midcap Fund takes the cake for long-term wealth creation. With a 3Y return of 19.19%, it outperforms ICICI Prudential Bluechip Fund's 3Y return of 15.44%. Moreover, the expense ratio of 1.58% is slightly higher but not a major concern. However, the riskometer rating of both funds is Very High, which requires careful consideration.
Why consider ICICI Prudential Bluechip Fund?
- Expense ratio: 0.52%
- 3Y return: 15.44%
- AUM: 5.81 Lac Cr
- Sharpe Ratio: 0.71
Why consider Axis Midcap Fund?
- Expense ratio: 1.58%
- 3Y return: 19.19%
- AUM: 3.23 Lac Cr
- Sharpe Ratio: 0.88
📈 SIP Suitability
For a monthly SIP for 10+ years, Axis Midcap Fund is a better choice. The fund has shown consistency in returns over the past 3 years, with a lower volatility of 14.48. This makes it more suitable for long-term investments. ICICI Prudential Bluechip Fund, on the other hand, has a higher volatility of 12.52, making it riskier for SIP investors.
⚠️ Risk & Cost Analysis
The riskometer rating of both funds is Very High, indicating high risk. However, in terms of volatility, Axis Midcap Fund has a slightly lower score of 14.48 compared to ICICI Prudential Bluechip Fund's 12.52. The Sharpe ratio, which measures risk-adjusted returns, is higher for Axis Midcap Fund at 0.88 compared to ICICI Prudential Bluechip Fund's 0.71. The expense ratio of 1.58% for Axis Midcap Fund is slightly higher than ICICI Prudential Bluechip Fund's 0.52%, but the difference is not significant.
📊 Portfolio Diversification
ICICI Prudential Bluechip Fund has a more concentrated portfolio with a large allocation of 96% to equity, primarily invested in HDFC Bank Ltd. (8.5%), ICICI Bank Ltd. (7.8%), and Reliance Industries Ltd. (6.9%). Axis Midcap Fund, on the other hand, has a more diversified portfolio with a 89.53% allocation to equity, invested in The Federal Bank Ltd. (3.87%), Fortis Healthcare Ltd. (3.56%), and Multi Commodity Exchange Of India Ltd. (3.43%). This makes Axis Midcap Fund more diversified and less dependent on any one sector or stock.
SIP Calculator – Compare Growth Potential
ICICI Prudential Bluechip Fund
₹1431679.77
@15.4% annual return (3Y)
Axis Midcap Fund
₹1814321.04
@19.2% annual return (3Y)
*Projected returns are illustrative based on historical 3‑year returns. Past performance does not guarantee future returns.
❓ Frequently Asked Questions (Comparison)
Q1: Which fund gives better returns in the long run?
Sach ye hai, Axis Midcap Fund has a higher 3Y return of 19.19% compared to ICICI Prudential Bluechip Fund's 15.44%. Moreover, its 5Y return of 16.41% is also higher. This makes it a better choice for long-term wealth creation.
Q2: Is the higher risk fund worth it?
Haan, if you are willing to take on higher risk, Axis Midcap Fund may be worth it. Its Sharpe ratio of 0.88 is higher, indicating better risk-adjusted returns. However, you should carefully consider your risk tolerance and investment goals before investing in a high-risk fund.
Q3: Which fund is more cost-effective?
Axis Midcap Fund has a slightly higher expense ratio of 1.58% compared to ICICI Prudential Bluechip Fund's 0.52%. However, the difference is not significant, and you should consider other factors like performance and risk when making a decision.
Mahendra Maurya
6+ Years in Banking, Wealth Management & Financial ServicesFounder & Author of ShareTargetPrice.in. 6+ years in Banking, Wealth Management & Financial Services.
📊 Author & Founder at Share Target Price