ICICI Prudential Bluechip Fund is a mutual fund investment scheme that invests the unit holder's capital in twenty companies' equity and equity-related securities. The companies chosen by the investment fund house are companies with a significant market share in the Indian stock market. The remaining capital is wisely invested in debt securities and other money market schemes.
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The benchmark used in choosing the company is the top two hundred stocks listed in NSE India Ltd regarding market capitalization. The money manager decides the percentage of capital to be allocated in various assets.
ICICI Prudential Bluechip Fund invests more than 80% of its capital in equities of large companies; the rest of the capital is equally invested in small or medium cap companies and debt instruments. The ICICI Bluechip fund invests in various sectors such as banking and financial institutions, technology-based companies, manufacturing companies, automobile sectors, pharmaceutical companies, and telecom companies.
The ICICI Bluechip Fund is known for its risk-adjusted returns and protects against the potential downside of the market.
The ICICI Bluechip Fund scheme has four different options are:
The ICICI Prudential Bluechip fund-Dividend fund is renamed IDCW, which stands for Income distribution cum withdrawal.
Parameter | Details |
Fund Name | ICICI Prudential Bluechip Fund |
Fund House | ICICI Prudential Asset Management Company Ltd |
Launch Date | 01/01/2013 |
Benchmark | Nifty 100 TRI |
Type | Open-Ended |
Minimum Investment | Rs.100 |
Lock-in Period | No |
Entry Load | No |
Exit load | 1% if redeemed within 365 days |
Return Performance | Average Returns |
Fund Consistency | Average |
Risk Level | Very High |
ICICI Prudential Bluechip Fund is a predominant Equity Scheme that enhances investors' capital by parking their funds in equities of large companies that operate in India. The main aim of the ICICI Pru Bluechip fund is long-term capital appreciation and wealth creation.
The fund recommends an investment horizon of five years for all investors to achieve their financial goals. The fund house is best known to seize market opportunities and invests across all sectors without any bias. The ICICI Bluechip fund managers adopt a disciplined approach while picking stocks. The stocks with long-term growth potential are the only ones added to the portfolio.
The scheme is also flexible in the field of investments. The fund also generates returns from Global Depository Receipts, foreign bonds, and stock lending activities. The ICICI Pru Bluechip fund is also a diversified fund with asset allocation involving debt instruments to tackle inflation-related stagnation. The fund is best suited for conservative and risk-averse investors who want stable returns.
The ICICI Pru Bluechip fund arrests the market's downside potential and insulates from market crashes by a diversified allocation of funds. The fund also uses derivatives such as Futures to hedge inflation and protects investor's capital.
The fund house operates under ICICI Prudential asset under management company ltd. The fund house has a team of dedicated researchers who study macroeconomic conditions and other influencing factors, which work in tandem with the fund managers.
Time Period | Returns Per Year(Annualized) |
6 Months | 18.25% |
One year | 61.87% |
Three years | 10.19% |
Five years | 13.05% |
10-years | 13.20% |
Time Period | Returns Per Year(Annualized) |
6 Months | 18.62% |
One year | 62.94% |
Three years | 11.71% |
Five years | 14.74% |
10-years | 14.17% |
Time Period | Returns Per Year(Annualized) |
6 Months | 18.62% |
One year | 62.94% |
Three years | 12.56% |
Five years | 15.47% |
10-years | 14.76% |
Time Period | Returns Per Year(Annualized) |
6 Months | 18.62% |
One year | 62.94% |
Three years | 11.77% |
Five years | 14.53% |
10-years | 14.00% |
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Pros | Cons |
Lower Expense Ratio of 1.16 | AUM is larger than Rs.15,000 crores |
The fund produces higher returns for three years | The scheme does not produce higher one-year returns |
The fund produces higher returns for five years | It uses an overly conservative approach |
The fund produces higher returns for ten years | The scheme’s performance is average during the bull market. |
Less market volatility | The scheme does considerably well during a bear market as It utilizes futures as a hedge. |
Diversified asset allocation | The bluechip fund misses out on the growth potential of small-cap companies. |
The ICICI Bluechip scheme is designed for a wide variety of investors. Some of the critical benefits of ICICI Bluechip funds are as follows:
The ICICI Bluechip Fund is managed by ICICI Prudential Asset Management Company Ltd, one of the most renowned mutual fund houses in the country. The company's primary aim is to encourage commoners to invest in equities for the creation of wealth. The company is co-owned by ICICI Bank Ltd, a well-known private bank in India, and Prudential Plc, a private player in the financial sector with its base in the United Kingdom.
The AMC has under its belt a large chunk of AUM (Asset Under Management) in the mutual fund business. It also provides other services such as Portfolio Management Services and International Advisory Mandates for customers across global markets linked to debt, equity, and real estate.
The AMC has its presence in over 300 locations serving a customer base of over 6 million investors. The parent company and its sponsors are given below:
ICICI bank is one of the leading private banks in the country in the banking space. It is a publicly listed bank with total assets valued at Rs.13.77 trillion as of March 2020. The bank has its presence nationally with 5,324 branches and 15,688 ATMs. The bank is known for its customer-centric approach and provides utmost priority for the satisfaction of its customers.
The company is known for its financial services such as life and health insurance. It also provides services related to asset management and solutions related to retirement. The company serves around 20 million customers worldwide and is publicly listed in London, Hong Kong, New York, and Singapore.
The Prudential plc Group consists of subsidiaries, including Prudential Corporation Asia, Jackson Holdings LLC, and Prudential Africa.
ICICI Bluechip fund provides great returns if invested for a more extended period. The fund is tailored for investors who are seeking:
The main advantage of the ICICI Bluechip Fund is its ability to adjust risk and provide returns without capital loss. The investor who is disciplined and remains calm in the face of market volatility over a long period can accumulate a significant corpus.
The fund house recommends a time horizon of five years to its investors to reap the scheme's benefits. The investors can also take advantage of dividend funds to generate regular income during retirement and pension years. The investor must understand the risk factors before purchasing units of the fund.
Investors who constantly worry about market volatility can opt for the ICICI Bluechip Fund. The bluechip fund is well diversified across all asset classes ensuring steady returns irrespective of the market volatility. The bluechip fund invests a significant portion of its cash in large-cap companies which are matured, accomplished, and non-cyclical.
The large-cap companies become less volatile over a more extended time, reducing unwanted stress off the investors. The Bluechip fund also invests a small portion of its capital in debt instruments that come in handy during rising inflation.
The practice of spreading the capital across all asset classes and various industries can result in hedging during market crashes and protects the investor's capital from downside risks. Investors can choose the ICICI Bluechip fund to avoid sleepless nights during market corrections. It also ensures the growth of one's portfolio without exposing one to the risk of capital loss.
The ICICI Bluechip is designed to meet the needs of investors with limited knowledge of the workings of the equities and equities market. The fund serves investors who opt for growth and those who opt to receive a fixed income. The scheme is structured in a well-planned manner, suiting the needs of the young and the old alike. One can also invest in this scheme monthly.