ICICI Prudential US Bluechip Equity Fund

If an investor is looking to invest in US-based companies, ICICI Prudential Bluechip Fund is the go-to destination. It is an open-ended equity mutual fund whose primary purpose is to generate long-term wealth for its investors. The Fund invests in the US-based equity market and American Depository Receipt (ADR), and Global Depository Receipt (GDR).

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The allocation of funds is as follows: 98.9% in equity and 1.1% in other instruments. The investment is made keeping the future perspective of five years or more by the fund house. The motive is to gain wealth slowly but substantially.

The ICICI US Bluechip fund is favourable for investors who want to diversify their portfolios by investing in global large-cap stocks to achieve goals like foreign education.

The Fund's major holdings are in Lockheed Martin Corporation, Altria Group, Philip Morris Intl Inc, Facebook Inc, Kellogg Co., Cerner ltd, Intel Corp, Alphabet Inc, Pfizer Inc, etc. ICICI US Bluechip Funds are available in four categories:

  • ICICI Prudential US Bluechip Equity Fund – Growth
  • ICICI Prudential US Bluechip Equity Fund – Direct Plan - IDCW
  • ICICI Prudential US Bluechip Equity Fund – IDCW
  • ICICI Prudential US Bluechip Equity Fund – Direct Plan-Growth

Investment Facts

Parameters

Details

Fund Name

ICICI Prudential US Bluechip Equity Fund (Direct & Growth)

Fund House

ICICI Prudential Mutual Fund

Launch Date

July 2012

Benchmark

Primary: S&P 500 TRI

Secondary: Nifty 50 Index TRI

Type

Open-Ended

Minimum Investment

Rs 5000 (plus in multiples of Rs. 1)

Minimum Additional Investment: Rs 1000 (plus in multiples of Rs 1)

Minimum SIP Investment: Rs 100

Minimum SWP Investment: Any Amount

Lock-In Period

No Lock-in Period

Entry Load

Not Applicable

Exit Load

1%: up to 1 month from the date of allotment of the applicable NAV

Nil: for more than one month of allotment

Return Performance

High

Risk Level

High

Benefits of ICICI Prudential Bluechip US Fund

There are numerous benefits if one decides to invest in ICICI Pru US Bluechip Equity Fund. With low SIP amounts, one can start investing in major US-based companies directly. Here is the list of all the advantages listed below:

Global Exposure

The Fund invests majorly in large-cap US-based companies that are listed on S&P 500. If the investor is in India and wants to invest in global businesses to diversify their investment portfolio, this Fund can be an attractive opportunity.

Two Benchmarks

The Fund follows two benchmarks: US-based S&P 500 TRI and Indian-based Nifty 50 TRI. This is done to give investors a better perspective about the Fund's performance by comparing them with each other. The main objective of the Fund is to perform better than these set benchmarks with watchful investing.

Diversified Portfolio

The Fund has a diversified portfolio, including companies from sectors like Software, Consumer Non-Durables, Aerospace and Defence, Pharmaceuticals, Healthcare Services, Retailing, Finance, Media and Entertainment, Hardware, Pesticides Banks, Auto, Gas, Commercial Services, etc. This is done to mitigate the risk and to divert the dependencies on few companies.

Equity-Based Fund

ICICI US Bluechip fund is an equity-based fund that invests almost all the capital in equity and equity-related instruments. The equity fund has the potential to beat the growing inflation and generate high wealth in the long term, and we can confirm this by looking at records.

Helps in Achieving Long Term Financial Goals

If an investor has a vision for long-term financial targets like education, marriage, health, property, retirement, etc., they can look out for this equity-based Fund. It helps generate high wealth in the long term, but investors should be cautious about the risks involved.

Easy Investment Options

The Fund house provides flexible investment options to the investors so they can invest as per the affordability and convenience. One can invest through Lump Sum and Systematic Investment Plan (SIPs). They can directly invest by visiting the official website of the Fund house. If anyone has any doubt regarding investment, they can reach out to the provider's customer service anytime.

Fund Summary

ICICI Prudential US Bluechip Equity Fund – Growth

  • Risk level - Very High
  • NAV-Rs 43.1 as of 20.05.2021
  • Expense Ratio- 2.23%
  • Fund Started- 06.11.2012

ICICI Prudential US Bluechip Equity Fund – Direct Plan – IDCW

  • Risk level - Very High
  • NAV- Rs 46.29 as of 20.05.2021
  • Expense Ratio - 1.26%
  • Fund Started- 04.01.2013

ICICI Prudential US Bluechip Equity Fund – IDCW

  • Risk level - Very High
  • NAV- Rs 43.1 as of 20.05.2021
  • Expense Ratio – 2.23%
  • Fund Started- 06.11.2012

ICICI Prudential US Bluechip Equity Fund – Direct Plan-Growth

  • Risk level - Very High
  • NAV- Rs 46.29 as of 20.05.2021
  • Expense Ratio - 1.26%
  • Fund Started- 02.01.2013

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

Funds Return Summary

ICICI Prudential US Bluechip Equity Fund – Growth – Return Summary

Period

Returns Per Year (Annualized)

6 Months

NA

1 year

37.09%

3 years

20.95%

5 years

18.29%

10-years

-

ICICI Prudential US Bluechip Equity Fund – Direct Plan – IDCW – Return Summary

Period

Returns Per Year (Annualized)

6 Months

NA

1 year

38.45%

3 years

22.07%

5 years

19.30%

10-years

-

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

ICICI Prudential US Bluechip Equity Fund – IDCW – Return Summary

Period

Returns Per Year (Annualized)

6 Months

NA

1 year

37.09%

3 years

20.95%

5 years

18.29%

10-years

-

ICICI Prudential US Bluechip Equity Fund – Direct Plan-Growth – Return Summary

Period

Returns Per Year (Annualized)

6 Months

NA

1 year

38.45%

3 years

22.07%

5 years

19.30%

10-years

-

Summative Pros and Cons Table

Pros

Cons

Maintained the high compound annual growth rate since inception.

The high expense ratio of 2.23%

Invests money in work class companies like Facebook and Lockheed Martin

1-year returns are lower than the average returns in this category.

5-year returns higher than average returns in this category

 

Fund House Details  

ICICI Prudential Asset Management Company Ltd. manages ICICI Prudential US Bluechip Equity Fund. It is a well-known asset management company in India that works towards creating long-term wealth for its investors through a wide variety of investment solutions.

It is a joint venture between ICICI Bank and Prudential Plc, one of the UK's largest companies in the financial services sector. With their respective expertise in the financial sector, they have established themselves as a significant player in the mutual fund market.

The Fund house manages significant assets under management in the mutual fund segment. They also offer portfolio management services to national and international investors.

With their unique customer-centric approach, the Fund house is working arduously to provide simple investment solutions so that the investors can meet their financial goals while also managing the risk at the same time.

Chief Shareholders of the Fund House are:

ICICI Bank

ICICI Bank is one of the biggest private sector banks in India. They have a consolidated total asset worth Rs. 13.77 trillion. The bank currently has 5324 branches across India.

Prudential Plc

Prudential Plc is an Asia-led group that offers a wide range of financial solutions. They help individuals manage their most prominent financial worries about life, health, retirement, and asset management solutions. Prudential Plc has a huge customer base and is listed on some of the biggest stock exchanges in the world like London, Hong Kong, Singapore, and New York.

Prudential Corporation Asia

Prudential is a leading life insurance provider which offers its services in countries including Cambodia, China, Hong Kong, India, Indonesia, Laos, Malaysia, Myanmar, Philippines, Korea, Singapore, Taiwan, Thailand, and Vietnam. They offer their services through omnichannel platforms providing an abundance of savings, investment and protection products.

They offer their services not only in Asian markets but also across North America and Europe. They have $241 billion in assets under management (as of December 31, 2019) and manage funds across different classes, including equity, fixed income, multi-asset, quantitative and alternative strategies.

Jackson Holdings LLC

Established over 50 years ago, Jackson Holdings carries a long and successful record of providing much-needed advice regarding products and tools to their clients for effective retirement solutions. Jackson is one of the largest life insurance companies in the US; they offer income and retirement solutions so that their clients can have financial freedom in their life.

Who Should Invest in ICICI Prudential Bluechip US Fund?

Global Investment Solutions

 If an investor is looking to invest in large-cap companies listed on US stock exchanges, it is the Fund for them. This Fund will provide much-needed diversification to the investor's portfolio. With this, they can get global exposure and benefits.

Long Term Capital Gain

It is an equity-based fund that invests in equity and related venues. It is suitable for those investors who are looking for five or more years for investment. This much time is required to gain sufficient returns from equity-based funds.

Investors are advised to exercise discretion while going in for investment across these large-cap equity funds. They should be prepared for fluctuations in their investment value along with the investment tenure.

Conclusion

With the ICICI US Bluechip fund, investors can invest in world-class companies with as low as a hundred rupees. This equity-based Fund helps investors to generate high returns in long-term vision. Prominent investment in large-cap companies helps maintain market fluctuations and allows for consistent returns over the long horizon. Years of financial expertise assist the Fund in vigilant planning and risk management.

FAQs

  • Q. What are Large Cap Companies?

    Companies are often classified as small, medium, and large-cap based on their market cap. Market capitalization is determined by multiplying the outstanding shares of the company by its stock price per share. This is done to give investors a rough idea of the size of the company. In the US stock market, a Large Cap company has a market capitalization of 10 billion dollars.  

  • Q. What does NAV mean?

    Nav stands for Net Asset Value. It is a tool to check the performance of a particular mutual fund. Mutual funds collect money from n-number of investors and form a pool of capital to invest in various financial instruments. Since the market value of these financial instruments changes daily, so does the value of NAV of that Fund. The NAV is calculated by dividing the market value of securities held by the Fund by the total number of units of that Fund.

  • Q. How Can I Invest in ICICI Prudential US Bluechip Equity Fund?

    One can invest in the Fund by visiting the official website of the insurer. One has to first create an account, and then they can start investing. They can invest via lump sum or SIPs as per their wish. It is advised to go through all the necessary details before starting investing in the Fund.

  • Q. What is the way to redeem my investment in ICICI Pru US Bluechip fund?

    If one has bought the mutual Fund online, they can redeem it by logging into the portal from where they have made the purchase and then select the Fund and number of units they want to redeem.

  • Q. How Can I Check My Account statements?

    One can visit the official website of the fund house, and then they will be required to enter their Folio number to check the account statement. Investors can also give a miss call from their registered mobile number to obtain the account statement.

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

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

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

Disclaimer: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets.

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