ICICI Prudential Focused Bluechip Equity Fund renamed to ICICI Prudential Bluechip Fund : Fund Review

ICICI Prudential Focused Bluechip Equity Fund has been renamed to ICICI Prudential Bluechip Fund. As the name suggests, the fund is classified as a large-cap fund under the SEBI guidelines. With assets of Rs 20,115Cr, ICICI Bluechip fund is one of the largest and best performing large-cap funds. The fund is managed by  Rajat Chandak and Anish Tawakley.

 

ICICI Bluechip Fund Performance

ICICI Prudential Bluechip Fund. has beaten both the category and benchmark in eight of the nine years since its launch. In 2017, while its peers have slipped below the benchmark, this fund stayed ahead of its benchmark by 1% outperformance. In the last 5 years, the fund has outperformed NIFTY 100 by 3% points.

Among its peers, the fund has given better and consistent returns. Also, the fund has beaten its category average by 1 percentage points in the 3-year returns.

Fund1 Year Return (%)3 Year Return (%)5 Year Return (%)
ICICI Pru Bluechip Fund-4.86%13.53%15.18%
Reliance Large Cap Fund-5.30%14.08%17.76%
Axis Bluechip Fund 3.11%13.52%15.16%
HDFC Top 100 Fund-3.29%15.89%15.81%
SBI Bluechip Fund-7.27%9.85%15.69%

Fund Information

ICICI Bluechip Fund has always been a large-cap fund with a mandate to invest more than 65% in large companies. Post SEBI guidelines, the fund now invests 80% of its assets in top 100 companies in India. This increase from 65% to 80% has restricted the fund manager’s ability to experiment. The fund typically invests in close to 60 companies. The fund managers follow a benchmark conscious approach. They align portfolio sector weights to those of its benchmark, NIFTY 100. ICICI Bluechip Fund is a good choice for conservative investors.

Also, the top five holding sectors constitute 73% of the portfolio. These include financials (30.16%), energy (17.08%), automobile (10.19%), technology (8.42%), and FMCG (7.24%).

Recommendation

It is recommended to invest in ICICI Bluechip Equity Fund through SIP. ICICI Prudential Focused Bluechip Equity Fund is ideal for long-term goals to maximize your returns for a foreseeable future.

Smart Tip: This fund has lower ups and downs (volatility) than other equity funds but can yield much better returns. Invest in this fund for an investment horizon of at least 5 years to give the best results.

Fund NameICICI Prudential Bluechip Fund Growth
Original Fund NameICICI Prudential Focused Bluechip Equity Fund
Launch DateMay 23rd, 2008
AUMRs 20,115Cr,
Return (Returns greater than 1 year are annualized)Since Launch: 13.77%
1 Year: -4.86%
3 Year: 13.53%
5 year: 15.18%
Expense Ratio2.10%
Fund Category RiskHigh
Investment PlanGrowth
Minimum Investment Horizon5+ years
Minimum InvestmentRs 100
Minimum Additional InvestmentRs 100
Exit Load1% if withdrawn within 1 year
Fund ManagerRajat Chandak
Anish Tawakley
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