The objective of this study was to determine the physicochemical properties of olein and stearin fractions obtained from non-interesterified (NIE), chemically interesterified (CIE) and enzymatically interesterified (EIE) 50:50 palm oil and palm kernel oil blend. The potential applications of both olein and stearin fractions were also identified. Stearin and olein fractions were obtained through a single stage dry fractionation at 25°C. The physicochemical properties analysed include percent yield, fatty acid composition (FAC), iodine value (IV), smoke point, cloud point, slip meting point (SMP) and solid fat content. Results indicated that the percent olein yield was higher from the EIE (85%) and NIE blends (82.2%) than in CIE blend (41.8%). The EIE blend produce liquid fraction with the highest amount of unsaturated fatty acid (~50%). Hence, the olein fraction of EIE blend best met the requirement to be used as frying oil based on the highest smoke point (265.1°C) and lowest cloud point (6.2°C). On the other hand, the stearin fraction of CIE blend might be suitable to be used in margarine formulation as it has SMP close to body temperature.