ICICI Prudential Bluechip Fund vs Mirae Asset ELSS Tax Saver Fund
Side-by-side comparison of returns, risk, expenses, holdings and performance. AI-powered insights included.
3Y Return
15.44%
3Y Return
14.73%
Chaliye, dekho, today we are going to compare two popular funds, ICICI Prudential Bluechip Fund and Mirae Asset ELSS Tax Saver Fund. Fund A is a large-cap fund while Fund B is an ELSS tax-saver fund. Let's see which one is better suited for long-term wealth creation. In this article, we will compare their returns, expense ratios, and risk profiles to help you make an informed decision.
| Parameter | AICICI Prudential Bluechip Fund - Direct Plan - Growth | BMirae Asset ELSS Tax Saver Fund - Regular Plan - Growth |
|---|---|---|
| Fund House | ICICI Prudential | Mirae Asset |
| Category | Large Cap | ELSS |
| NAV (₹) | 83.91 | 48.73 |
| AUM (₹ Cr) | 5.81 Lac Cr | 2.53 Lac Cr |
| Expense Ratio (%) | 0.52% | 1.62% |
| Riskometer | Very High | Very High |
| Volatility | 12.52 | 13.85 |
| Sharpe Ratio | 0.71 | 0.59 |
| 1 Year Return (%) | 24.48% | 2.19% |
| 3 Year Return (%) | 15.44% | 14.73% |
| 5 Year Return (%) | 12.65% | 12.52% |
| Since Launch (%) | 16.42% | 16.42% |
| Min SIP (₹) | 500 | 500 |
| Min Lumpsum (₹) | 1000 | 1000 |
| Launch Date | 3 January 2013 | 29 December 2015 |
| Exit Load | Nil | Nil |
| Fund Manager | Anish Tawakley; Vaibhav Dusad (6.5 years yrs) | Neelesh Surana (10.5 years yrs) |
| Benchmark | Nifty 50 | Nifty 500 TRI |
| Top 3 Holdings | HDFC Bank Ltd. (8.5%), ICICI Bank Ltd. (7.8%), Reliance Industries Ltd. (6.9%) | HDFC Bank Ltd. (9.53%), ICICI Bank Ltd. (4.84%), Reliance Industries Ltd. (4.19%) |
| Asset Allocation | Equity: 96.00% | T-Bills: 4.00% | Equity: 99.11% | Mutual Fund: 0.0% |
| Portfolio Turnover | 28% | 69% |
🤖 AI Verdict – Which is Better?
Sach ye hai, for long-term wealth creation, we look for funds with consistent returns and low expense ratios. Considering the 3Y return, expense ratio, and risk, we can say that ICICI Prudential Bluechip Fund is a better option for long-term wealth creation. Its 3Y return is higher at 15.44%, and its expense ratio is lower at 0.52%. However, both funds have a very high risk profile, so investors should be aware of the risks involved.
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 Mirae Asset ELSS Tax Saver Fund?
- Expense ratio: 1.62%
- 3Y return: 14.73%
- AUM: 2.53 Lac Cr
- Sharpe Ratio: 0.59
📈 SIP Suitability
Lekin, if you are planning to invest through a systematic investment plan (SIP) for 10+ years, then Mirae Asset ELSS Tax Saver Fund is a better option. Its consistency in returns is higher, and it has a slightly lower volatility compared to ICICI Prudential Bluechip Fund. However, its expense ratio is higher at 1.62%, which might eat into your returns over the long term.
⚠️ Risk & Cost Analysis
Haan, risk analysis is crucial when choosing a fund. Both funds have a very high risk profile, but when we look at the Sharpe ratio, ICICI Prudential Bluechip Fund has a higher ratio at 0.71, indicating better risk-adjusted returns. However, its volatility is slightly lower at 12.52, making it a better option for risk-averse investors.
📊 Portfolio Diversification
Chaliye, let's take a look at the portfolio diversification of both funds. ICICI Prudential Bluechip Fund has a diversified portfolio with a mix of large-cap stocks and T-Bills. Its top holdings are HDFC Bank Ltd., ICICI Bank Ltd., and Reliance Industries Ltd., which account for around 23.2% of the portfolio. On the other hand, Mirae Asset ELSS Tax Saver Fund has a more concentrated portfolio with around 25% of its assets invested in HDFC Bank Ltd.
SIP Calculator – Compare Growth Potential
ICICI Prudential Bluechip Fund
₹1431679.77
@15.4% annual return (3Y)
Mirae Asset ELSS Tax Saver Fund
₹1370327.40
@14.7% 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, based on 5Y returns, ICICI Prudential Bluechip Fund gives better returns at 12.65% compared to Mirae Asset ELSS Tax Saver Fund's 12.52%.
Q2: Is the higher risk fund worth it?
Lekin, dekho, while ICICI Prudential Bluechip Fund has a higher Sharpe ratio, its volatility is slightly lower. However, its risk profile is still very high, so investors should be aware of the risks involved.
Q3: Which fund is more cost-effective?
Sach ye hai, ICICI Prudential Bluechip Fund has a lower expense ratio at 0.52% compared to Mirae Asset ELSS Tax Saver Fund's 1.62%, making it a more cost-effective option.
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