ICICI Prudential Bluechip Fund Growth

The ICICI Prudential Bluechip Fund-Growth allocates a considerable portion of its cash in large-cap companies; the fund house allocates less than ten per cent of its cash in medium-cap companies and a percentage of its cash small-cap companies that have the potential to grow and mature in the long run.

The ICICI Prudential Bluechip Fund-Growth variant of the flagship ICICI Bluechip fund has more than one variant. The ICICI Bluechip funds are classified as follows.

• ICICI Prudential Bluechip Fund-Dividend
• ICICI Prudential Bluechip Fund-Direct Plan-Dividend
• ICICI Prudential Bluechip Fund-Direct Plan-Growth
• ICICI Prudential Bluechip Fund-Growth

Investment Facts

Benefits of ICICI Bluechip Fund Growth  

The ICICI Bluechip Fund-Growth scheme is built to suit the needs of long-term investors who are serious about building wealth. Some of the critical benefits of ICICI Bluechip Fund-Growth are as follows:

Risk-Mitigate Investment

ICICI Bluechip Fund-Growth uses a conservative approach in picking the right stocks. The fund managers invest in particular companies with a proven track record of generating excellent profits and dividends. The unpredictable movement of markets is a cause of concern for most investors, and they spend sleepless nights worrying about their invested capital. ICICI Bluechip Fund-Growth addresses the concern of the unpredictable nature of the markets by spreading their investments across asset classes such as equities, debt, futures, and other money instruments, which guarantees returns even during a market crash.

Outperforms the Benchmark Indices

The ICICI PruBluechip Fund-Growth has a ten-year track record that outperformed the benchmark indices on several occasions. The fund gives a higher weightage to the best stocks listed in the NIFTY 50, NIFTY 100, SENSEX 500 indices that help the fund replicate the indices' performances or even outperform them in the long run. The experienced fund managers ensure appropriate weightage is given to the best stocks in the portfolio.

Reliability

Novice investors with limited knowledge of investments have shown faith in the fund house. The ICICI Pru Bluechip Fund-Growth has produced attractive returns over the last decade despite market turmoil. The reliability of the fund house is evident in their decade-long track record of annualized returns and exponential rise of their Net Asset Value.

The Diversification Strategy

The ICICI PruBluechip Fund-Growth is an open-ended mutual fund scheme that prioritizes equity investments over other forms. The fund is well-diversified when it comes to the allocation of capital and reinvestment of dividends. The ICICI PruBluechip Fund-Growth invests across all asset classes and sectors, ensuring returns to the investors.

Ability to Achieve Financial Freedom

The investors can use the exponential returns of the fund for their children's marriage, higher education, or entrepreneurship. The fund is designed to beat inflation due to higher prices and ensures that the investor's capital doesn't lose value in liaison with inflation.

Sectoral Investments

The fund delivers growth by investing in all possible sectors in a value-driven manner. The ICICI PruBluechip Fund-Growth mutual fund invests in financial institutions, software services, the Engineering sector, manufacturing companies, insurance companies. For instance, a sectoral slowdown in the manufacturing sector can be neutralized by a boom in other sectors, ensuring consistent returns.

Investment Choices

The ICICI Bluechip Fund-Growth offers various investment options such as SIP, SWP, dividend reinvestment, etc. The risk-averse investor can invest his monthly savings in a Systematic Investment Plan which requires him to deposit a fixed sum every month or a quarter to understand or get exposed to the market conditions.

Fund Summary

ICICI Prudential Bluechip fund-Direct Plan-Growth

• Risk level-Very High
• NAV-Rs 59.95 as of 21 May 2021
• Expense Ratio-1.16%
• Fund Started-01 Jan 2013

ICICI Prudential Bluechip Fund-Growth

• Risk level-Very High
• NAV-Rs 55.81 as of 21 May 2021
• Expense Ratio-1.76%
• Fund Started-23 May 2008

Fund Returns Summary

ICICI Prudential Bluechip fund-Direct Plan-Growth Returns

ICICI Prudential Bluechip Fund-Growth Returns

Summative Pros and Cons Table

Fund House Details

The ICICI Bluechip Fund-Growth is managed by ICICI Prudential Asset Management Company Ltd, a well-known brand in mutual funds. The company offers encouraging and less-risky plans for the customers to start their investment journey with hope and confidence. The company is a shared formation of the ICICI Bank Ltd, a private bank known for its financial services, and Prudential Plc, a kingpin in the financial sector based in the United Kingdom. The Asset Management company has a considerable percentage of AUM under its wings and runs the mutual fund business with dedication and energy.

The company also serves clients globally through its services such as Portfolio Management Services and International Advisory Mandates. The company has a track record in managing the portfolio of elite clients to sustain their wealth by actively creating and managing their portfolios. The AMC also manages markets worldwide that are in liaison with debt, equity, and real estate. The AMC has its presence in more than 300 locations and has won the hearts of over 6 million investors who are now their customers. The parent company and its sponsors are given below.

ICICI Bank

The ICICI bank is one of the most preferred private banks in the country. It is a publicly traded bank (listed in the Indian Stock exchange such as NSE and BSE)with total assets valued at Rs.13.77 trillion as of March 2020. The bank has a vast network of branches nationwide and has installed ATMs across urban and rural areas of the country. The bank gives high priority to its customers and works incessantly in addressing their grievances. The bank is also known to provide some of the government schemes to its account holders

Prudential Plc

Prudential Plc includes other entities such as Prudential Corporation Asia, Jackson Holdings LLC, and Prudential Africa. The company is known for its prowess in financial services such as insurance, lending, borrowing, etc. The company is also known for its services related to managing portfolios of their clients such as equities, debt, and real estate. It also provides excellent value to its customers who look for retirement and pension-related solutions. The company is built on the foundation of the services provided to its 20 million customers globally. The company is publicly traded in some of the most popular stock exchanges in the world, such as the London stock exchange, Hong Kong Stock Exchange, New York stock exchange, and Singapore stock exchange.

Who Should Invest in ICICI Bluechip Fund-Growth?

ICICI Bluechip fund growth provides an excellent opportunity for patient and disciplined investors looking to maximize their gains. The ICICI fund is best suited for investors who are seeking:

Capital Appreciation

Investors who are serious about achieving their financial goals must consider investing in the ICICI Bluechip Fund-Growth to enhance and sustain their wealth. The fund managers recommend a long-term investment approach with a minimum tenure of five years to enjoy the capital gains irrespective of the market chaos.

Cautious Attitude to Investment

The fund helps investors who are anxious about losing their invested capital. The fund uses a conservative approach ensuring market risks are mitigated by generating steady returns over a more extended period. The fund manager's asset allocation strategy is the key in handling market turmoil and unpredictable market corrections. The asset allocation ensures that at least one asset class generates returns during testing times such as an economic downturn or a recession.

Conclusion

The ICICI Bluechip Fund-Growth has delivered annualized returns of over ten per cent for the past decade by firmly anchoring its investments in large-cap companies with excellent growth potential.

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