ICICI Prudential Bluechip Fund Direct

ICICI Prudential Bluechip Fund, an open-ended equity mutual fund scheme, primarily invests in equity shares of companies classified as large market capitalization companies. The Fund’s investments comprise 85.79% in large-cap and 6.58% in mid-cap stocks.

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Fund in Brief

ICICI Prudential Bluechip Fund has a diversified portfolio across sectors like finance, technology, energy, and construction. Some of the stocks in the portfolio comprise ICICI Bank, Infosys Technologies, HDFC Bank, and Reliance Industries. While most of the stocks selected are common with the benchmark (Nifty 100 TRI), the proportion of the stocks in the portfolio may vary with that of Nifty 100 TRI.

ICICI Prudential Bluechip Fund – Direct Plan is available in 2 categories:

  • Growth
  • Income Distribution cum Capital Withdrawal (IDCW) as and when

Direct plan refers to the plan in which investors purchase mutual fund units directly from the fund. Under IDCW, ICICI Prudential Bluechip Fund Direct offers only annual frequency payment depending on when distributable surplus is available based on extant SEBI guidelines.

Investment Facts

Parameter

Details

Fund Name 

ICICI Prudential Bluechip Fund Direct

Fund House

ICICI Prudential Mutual Fund

Launch Date 

Jan 2013

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 Prudential Bluechip Fund aims to create wealth over the long term by primarily investing in equity shares of large market capitalization companies. However, there it cannot be assured that the investment objective would be met over long periods.

Fund Summary

  1. ICICI Prudential Bluechip Fund Direct Plan-Growth

    • Risk level - Very High
    • NAV - Rs 62.92 as of 28.07.2021 
    • Expense Ratio - 1.11% (As of 30.06.2021)
    • Fund Started - 01.01.2013
  2. ICICI Prudential Bluechip Fund Direct Plan IDCW

    • Risk level - Very High
    • NAV - Rs 40.35 as of 28.07.2021 
    • Expense Ratio - 1.11% (As of 30.06.2021)
    • Fund Started - 01.01.2013

Fund Manager(s)

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

Fund Returns Summary

  1. ICICI Prudential Bluechip Fund Direct Plan-Growth

    Period

    Returns Per Year (Annualized)

    6 Months

    16.45%

    1 year

    44.05%

    2 years

    19.66%

    3 years

    13.14%

    5 years

    13.94%

    Since Inception

    15.31%

  2. ICICI Prudential Bluechip Fund Direct Plan IDCW

    Period

    Returns Per Year (Annualized)

    6 Months

    16.45%

    1 year

    43.53%

    2 years

    18.92%

    3 years

    12.29%

    5 years

    13.22%

    Since Inception

    14.73%

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

Summative Pros and Cons

Pros

Cons

Over a long term period of over 5 years, the fund has provided returns that are higher than fixed deposits.

Unlike fixed deposits, the fund does not have contracted interest payment or repayment terms.

The fund has outperformed its benchmark over 6 months to 7 year period.

This fund is not suitable for investing less than 5 years.

Benefits of ICICI Prudential Bluechip Fund

Investment in ICICI Prudential Bluechip Fund provides several advantages to the investor over the long term.

  • Wealth Creation Tool: The fund is a proven investment option to achieve long term wealth creation goals. Since this is a large-cap equity fund, an investor should deploy money in this fund for a period exceeding five years.
  • Equity Asset Class Benefit: Equity as an asset class has provided better returns than the traditional asset classes viz. gold and fixed income. Moreover, ICICI Prudential Bluechip Fund invests in equity shares of large-cap companies whose prices are relatively stable in a volatile market as compared to those of mid-cap and small-cap companies.

Fund House Details

ICICI Prudential Bluechip Fund is housed under the Fund House, ICICI Prudential Mutual Fund. Its AMC is the SEBI registered ICICI Prudential Asset Management Company Limited which acts as the Investment Manager to all the Schemes of ICICI Prudential Mutual Fund.

The AMC operates as the Investment Manager for all the schemes of the Fund. The fund has a diversified product basket of over 68 schemes with active investors exceeding 60 lakhs across 300 locations in India.

The promoter shareholders of the Fund House are:

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

Who Can Invest in ICICI Prudential Bluechip Fund Direct?

The fund scheme is best suited for investors who seek:

  • Long term wealth creation

    The fund invests in a diversified portfolio comprising equity shares of companies classified as large cap companies as per extant SEBI Regulations to generate long-term capital appreciation and income distribution. By pursuing this objective, the fund is an effective tool of long term wealth creation for its investors.

  • Aggressive Investment Strategy

    The fund falls in the high risk category and would be prone to fluctuations in NAV movements in the short to medium term. This fund is suited for investors who prefer an aggressive equity investment style.

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

In Conclusion

Although ICICI Prudential Bluechip Fund Direct primarily invests in large-cap companies which would be common with the benchmark Nifty 50 and Sensex, it provides reasonable returns for its investors over long periods. These large-cap stocks are known to be the most liquid stocks and would be less prone to volatility in comparison to small-cap and mid-cap stocks.

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