ICICI Focused Bluechip Equity Fund

ICICI Focused Bluechip Fund is a large-cap open-ended equity mutual fund scheme formed primarily to invest in equity shares of large market capitalization companies. The Fund’s investments comprise 84.55% in large-cap and 6.49% in mid-cap stocks.

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The portfolio is diversified across financial, energy, technology, and construction sectors. Some of the stocks in the portfolio comprise ICICI Bank, Infosys Technologies, HDFC Bank, and Reliance Industries. While the stocks selected are common with the benchmark Nifty 100 TRI, the proportion of the stocks in the portfolio may vary.

ICICI Focused Bluechip Fund offers investment in these categories:

  • Direct – Growth
  • Direct – Income Distribution cum Capital Withdrawal (IDCW) 
  • Regular – Growth
  • Regular – IDCW

Investment Facts

Parameter

Details

Fund Name 

ICICI Focused Bluechip Fund

Fund House

ICICI Prudential Mutual Fund

Launch Date 

May 2008

Benchmark

NIFTY 100 TRI 

Type

Open-Ended

Minimum Investment 

Rs. 100/-

Minimum Additional Investment: Rs.100/-

Minimum SIP Investment: Rs.100/-

Lock-in Period

None

Entry Load

Not applicable

Exit Load

1% for redemption within 365 days

Return Performance

Average

Fund Consistency

Below Average

Risk Level

Very High

Investment Objective

ICICI Focused Bluechip Fund aims to create long-term wealth by primarily investing in large market capitalization companies. Investors would appreciate that there can be no guarantee of achievement of the investment objective over long periods.

The Fund operates under ICICI Prudential Asset Management Company, which has previously helped investors generate long-term wealth for decades. 

Fund Summary

  1. ICICI Focused Bluechip Fund Direct Plan-Growth

    • Risk level-Very High
    • NAV-Rs.62.05 as of 02.07.2021 (As of 31-May-2021)
    • Expense Ratio-1.14%
    • Fund Started-02.01.2013
  2. ICICI Focused Bluechip Fund Direct Plan IDCW

    • Risk level-Very High
    • NAV-Rs.39.79 as of 02.07.2021 (As of 31-May-2021)
    • Expense Ratio-1.14%
    • Fund Started-02.01.2013
  3. ICICI Focused Bluechip Fund Regular Plan-Growth

    • Risk level-Very High
    • NAV-Rs.57.87 as of 02.07.2021
    • Expense Ratio-1.73% (As of 31-May-2021)
    • Fund Started-23.05.2008
  4. ICICI Focused Bluechip Fund Regular Plan IDCW

    • Risk level-Very High
    • NAV-Rs.24.12 as of 02.07.2021
    • Expense Ratio-1.73% (As of 31-May-2021)
    • Fund Started-23.05.2008

Fund Returns Summary

  1. ICICI Focused Bluechip Fund Direct Plan-Growth - Returns Summary

    Period

    Returns Per Year (Annualized)

    6 Months

    14.74%

    1 year

    50.06%

    2 years

    15.89%

    3 years

    14.43%

    5 years

    14.65%

    Since Inception

    15.26%

  2. ICICI Focused Bluechip Fund Direct Plan IDCW - Returns Summary 

    Period

    Returns Per Year (Annualized)

    6 Months

    14.35%

    1 year

    49.55%

    2 years

    15.18%

    3 years

    13.55%

    5 years

    13.93%

    Since Inception

    14.67%

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

  3. ICICI Focused Bluechip Fund Regular Plan-Growth - Returns Summary

    Period

    Returns Per Year (Annualized)

    6 Months

    14.41%

    1 year

    49.15%

    2 years

    15.17%

    3 years

    13.64%

    5 years

    13.73%

    10-years

    13.23%

    Since Inception

    14.32%

  4. ICICI Focused Bluechip Fund Regular Plan IDCW - Returns Summary

    Period

    Returns Per Year (Annualized)

    6 Months

    13.41%

    1 year

    47.84%

    2 years

    13.78%

    3 years

    12.03%

    5 years

    12.25%

    10-years

    12.22%

    Since Inception

    13.52%

Summative Pros and Cons

Pros

Cons

The Fund provides a higher return than fixed deposits.

The Fund is riskier than fixed deposits and is vulnerable to price volatility.

The fund returns have outperformed its benchmark over a 7-year period.

The fund returns have underperformed its benchmark over the 1 to 5 years period.

The Fund has a sizable corpus of Rs 27,723 crore, in line with the corpus of the top two best performing funds.

This Fund is not advisable for individuals who don't have an appetite to invest for more than 5 years.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Benefits of ICICI Focused Bluechip Fund

Investment in ICICI Focused Bluechip Fund provides several benefits as follows:

  • Wealth Creation Tool: The Fund is a proven investment tool to fulfil long-term wealth creation goals. Being a large-cap equity fund, one should invest in this Fund for a period not less than five years.
  • Good Track Record: The Fund House has a proven track record of 20+ years, with a good history of successful investment. Mr Sankaran Naren - Chief Investment Officer - is associated with the Fund House for more than 15 years and has industry experience of over 30 years.
  • Equity Benefit: The asset class of equity is known to perform better in beating inflation than gold and debt class. ICICI Focused Bluechip Fund invests in shares of large-cap companies, which offer more stability in the volatile market as compared to small-cap and mid-cap companies.

Fund House Details

ICICI Focused Bluechip Fund is managed by the Fund House, ICICI Prudential Mutual Fund, which is set up as a Trust. Its AMC is ICICI Prudential Asset Management Company Limited that manages all the schemes of the Fund. 

The shareholders of the Fund House are:

  • ICICI Bank: 51% holdings
  • Prudential Plc: 49% holdings

Fund Managers

  • Mr Rajat Chandak (since 14-Jul-2017)
  • Mr Vaibhav Dusad (since 16-Jan-2021)
  • Mr Anish Tawakley (since 05-Sep-2018)

Who Should Invest in ICICI Focused Bluechip Fund?

The ICICI Focused Bluechip Fund provides capital wealth creation in the long term for its investors. It is suitable for the following investors who look for:

  • Aggressive Investment: The Fund is a high-risk category fund. This makes it vulnerable to NAV fluctuations in the short to medium term. Hence, it will be suitable for investors who look for aggressive equity investment. 
  • Long-term wealth creation:  The Fund generates long-term capital growth as it invests primarily in more prominent companies. It invests in a diversified portfolio of equity shares of large-cap companies as per SEBI Regulations.

In Conclusion

ICICI Focused Bluechip Fund - a large-cap fund - has the potential to create good returns for its investors. The Fund mainly invests in large-cap companies common with the benchmark Nifty 50 and Sensex. It has the most liquid stocks that are less prone to market volatility than other stocks.

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