ICICI Prudential Bluechip Fund Direct-Growth

ICICI Prudential Bluechip Fund Direct-Growth is a direct plan available only on the official website of the fund house. ICICI Prudential Bluechip Fund Direct-Growth Plan delivers robust capital gains to its investors. It's an all-weather fund that outperforms the market irrespective of the market sentiments.

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The ICICI Prudential Bluechip Fund Direct-Growth invests in large companies that are leaders in their respective businesses. These large companies are known to be monopolies in their industry and are far ahead in competition from their peers. The term Blue Chip in mutual funds usually refers to such large companies. The ICICI Bluechip funds are of four types, as given below.

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

The ICICI Prudential Bluechip Fund Direct-Growth Plan is unavailable with intermediaries and third parties. It needs to be bought directly from the fund house branch offices, the mobile app, or the website. The ICICI Prudential Bluechip Fund Direct-Growth invests in growth-oriented companies with an efficient management team in place. The fund managers allocate more than eighty per cent of their cash to large-cap companies with a significant market share.

The money managers invest the rest of the cash in small-cap and medium-cap companies. Experienced managers manage the ICICI Prudential Bluechip Fund Direct-Growth over two decades in the stock-picking industry. The fund managers are also experts in the debt industry and have a proven track record in investment strategy.

Investment Facts

Parameter

Details

Fund Name

ICICI Prudential Bluechip Fund Direct-Growth

Fund House

ICICI Prudential Asset Management Company Ltd

Launch Date

01 Jan 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

Benefits of ICICI Bluechip Fund Direct-Growth

The ICICI Bluechip Fund Direct-Growth has rewarded long-term investors who are disciplined and patient in holding their mutual fund units. Some of the key benefits of the ICICI Bluechip Fund Direct-Growth are as follows:

Balanced Risk Investment

The  ICICI Bluechip Fund Direct-Growth has generated high returns without much downside. The stocks are vulnerable to market sentiments and perform inconsistently in the more extended period. The  ICICI Bluechip Fund Direct-Growth has equities in companies with a strong balance sheet, high profits, and less debt to withstand testing times and unpredictable market behaviour. The companies are picked after considering various factors such as the percentage of market share, new product releases, and the popularity of the products.

Better Returns in Comparison to Benchmark Indices

The  ICICI Bluechip Fund Direct-Growth guarantees returns with a percentage higher than the benchmark indices. The  ICICI Bluechip Fund Direct-Growth has given more weightage to the best-performing stocks in the indices such as NIFTY 50, NIFTY 100, NIFTY 500, and SENSEX 100. The fund is known for its risk-adjusted returns and has withstood market dips since its inception. The fund replicates the performances of the indices in the worst-case scenario. The risk-adjusted returns are credited to investment strategies in the fund house to encounter market conditions.

Dependability

The  ICICI Bluechip Fund Direct-Growth comes with an excellent track record. It has performed consistently irrespective of market chaos and delivered bullish returns to its unitholders. The  ICICI Bluechip Fund Direct-Growth is headed by experienced money managers with expertise in stock picking. Investors have relied on ICICI Bluechip Fund Direct-Growth plan because of its consistent double-digit returns in the past decade.

Fund Allocation Strategy

The  ICICI Bluechip Fund Direct-Growth is best known for its diversified portfolio consisting of various companies from multiple sectors such as the biotech, oil-refinery, and other government entities related to power generation and distribution. The fund house invests the capital across various asset classes other than equities such as bonds and futures to encounter inflationary and deflationary economic conditions.

Road to Financial Security

The  ICICI Bluechip Fund Direct-Growth lays the road to financial sufficiency by utilizing the compounding effect. The investor's capital gains are appreciated exponentially in real-time. A disciplined and focused investor with a long-term investment plan can achieve financial freedom at ease. The investor can use gains from the fund to finance their children's school and college education, meet their marriage expenses and assist financially in their future business endeavours.

Investments Across Different Sectors

The  ICICI Bluechip Fund Direct-Growth invests across multiple sectors to ensure returns to its investors. For instance, a downturn in manufacturing sectors need not necessarily affect other sectors such as IT and pharmaceuticals. Companies in such sectors are shielded from economic collapse and tend to continue with their stellar growth performance. The  ICICI Bluechip Fund Direct-Growth takes advantage of a diversified portfolio to generate consistent returns and sail through uncertainty.

Investor-friendly Investment Options

The  ICICI Bluechip Fund Direct-Growth provides multiple ways to invest. Some of the options provided by the fund house are SIP which stands for Systematic Investment Plan, and SWP, which stands for Systematic Withdrawal Plan. The investor can buy units monthly or quarterly irrespective of the market sentiments and corrections or choose to withdraw a certain amount from time to time according to his convenience.

Fund Summary

ICICI Prudential Bluechip fund-Direct Plan-Dividend

  • Risk level-Very High
  • NAV-Rs 37.01as on 19 May 2021
  • Expense Ratio-1.16%
  • Fund Started-02 Jan 2013

ICICI Prudential Bluechip fund-Direct Plan-Growth

  • Risk level-Very High
  • NAV-Rs 58.65 as of 19 May 2021
  • Expense Ratio-1.16%
  • Fund Started-01 Jan 2013

Fund Returns Summary

ICICI Prudential Bluechip Fund-Direct Plan-Dividend Returns

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%

ICICI Prudential Bluechip Fund-Direct Plan-Growth Returns

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%

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

Summative Pros and Cons Table

Pros

Cons

The expense ratio of 1.16 is 0.5 times lower than the regular growth plan

AUM is larger than Rs.15,000 crores which result in reduced returns.

The fund generates robust returns for three years

The scheme produces average one-year returns

The fund generates robust returns for five years

It uses a diversified approach

The fund generates consistent returns for ten years

The scheme’s performance is very ordinary during the bull market.

Insulation from market corrections

The scheme does perform well during a bear market as It utilizes futures as a hedge.

asset allocation is done across various money instruments

The ICICI fund misses out on the growth potential of small-cap companies, precious metals, and commodities.

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

Fund House Details

The ICICI Bluechip Fund is managed by ICICI Prudential Asset Management Company Ltd, a pioneer in the mutual fund industry with more than a decade of expertise in managing funds and retail investments. The company is jointly held by the ICICI bank, one of India's best performing private banks, and Prudential Plc, a leader in financial services with its head office in the United Kingdom. The company is known for its services to international clients offering Portfolio Management schemes and International Advisory Mandates. The company's expertise also includes portfolio management of equities, debts, and real estate businesses.

ICICI Bank

The ICICI Bank is a renowned private bank in India famous for its financial services and corporate lending activities. The ICICI Bank is publicly traded in Indian stock exchanges such as the NSE and the BSE. The bank has won accolades for its transparency and quality services offered to its customers.

Prudential Plc

Prudential Plc is a company known for its superior quality services in the area of finances. It blends finance with the use of technology to provide significant financial assistance to its customers. The company is publicly traded across popular stock exchanges globally, such as the London stock exchange, the New York stock exchange, the Singapore stock exchange, and the Hong Kong stock exchange. The subsidiaries of Prudential Plc are Prudential Corporation Asia, Jackson Holdings LLC, and Prudential Africa. These finance companies have a global presence and offer their services worldwide to international clients and retail investors.

Who Should Invest in ICICI Bluechip Fund Direct-Growth?

The ICICI Bluechip Fund is for investors with a long-term investment mindset. The scheme document recommends a minimum five-year tenure to reap the benefits of this mutual fund scheme. The Bluechip fund is for those who are seeking:

Wealth Creation

Investors who desire to build wealth and create a blueprint for financial freedom can opt for this plan. The fund has lived up to its expectations of generating double digits returns annually, making it an attractive plan for retail investors. The retail investor must understand the nature of the market before deciding to invest in mutual funds.

Less Appetite for Risks

The fund is suitable for a conservative investor who cannot handle a falling market. The fund provides peace of mind to such investors and ensures a good night's sleep. The ICICI fund's strategy to hedge the market comes in handy during market corrections and market crashes, thereby protecting its investors' capital against unprecedented losses. The novice investor with a basic understanding of the share market can park his money in the Bluechip fund to generate significant returns in the long run.

Conclusion

The ICICI Bluechip Fund Direct-Growth has made the right investment decisions by holding on to the large companies with tremendous growth potential irrespective of the economic factors in play. It is well suitable for investors who are looking to create wealth over a long period. The fund has rewarded patient investors with wealth and surplus capital to secure their financial future.

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“The investment risk in the investment portfolio is borne by the policyholder.”

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

“Tax benefit is subject to changes in tax laws. Standard T&C apply.”

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