Some people have just invest in a fund, because their friends or anyone else in the family is investing in it. But this nature of their behaviour does not work when you are in the investing field. Here, you have to invest as per your risk appetite, your future goals and your portfolio needs. Therefore, the people who want to invest in the large-cap companies should invest in ICICI Prudential Bluechip Fund. The fund was earlier known as ICICI Prudential Focused Bluechip Equity Fund, but change its name w.e.f. May 28, 2018.
The financial analysts of MySIPonline have researched on the fund to provide all the crucial details of it, which have been discussed as under:
ICICI Prudential Bluechip Fund- An Overview
The fund, which invests predominantly in the equity and equity-related securities of the large-cap companies has the current AUM of Rs 17,427 Cr as on May 31, 2018. ICICI Prudential Bluechip Fund was launched in the year 2008 and is following NIFTY 50 as its benchmark. The fund has expense ratio of 2.12% as on April 30, 2018.
It has the average market capitalization of Rs 138,577.44 Cr as on June 5, 2018. This capital is invested 71.65% in giant companies, 24.89% in large-cap companies, and 3.47% in small-cap companies. The fund follows the growth and value investing approach for selecting any stock. Its 90% of the portfolio comprises equity, equity-linked derivatives, 9.54% in debt securities and 0.44% in cash and cash-equities.
On the basis of sectors, the fund invests significantly in the financial and banking sector, energy, automobile, technology, FMCG, healthcare sectors, etc.
Past Performance Analysis:
Financial researchers of MySIPonline know that people invest in any fund by watching out its past performance. Therefore, they analyzed its performance details which have been provided below:
Source: Value Research
ICICI Prudential Bluechip fund growth has provided the returns of 14.78% since its launch. The fund has provided the trailing returns of 11.31% in the past three years, 17.71% in past five years, and 14.25% in the past seven years.
The fund has been consistently performing well than its benchmark and category generating the alpha of 1.40%. It has managed to incur no loss in the year 2015, when the benchmark went negative, though, it has not faced serious bear market since inception. The NAV of ICICI Prudential Bluechip Fund is Rs 40.17 as on June 25, 2018.
The fund has been managed by Mr Manish Gurnani till June 2017. Now it has been managed by Mr Sankaran Naren and Mr Rajat Chandak since July 2017. They perform a qualitative analysis of the stocks before investing in them, which helps the fund to gain high returns than its benchmark and peers.
Currently, Mr Naren is working as the CIO of the ICICI Pru AMC. He is working with the company since 2004 and looking after the equity research and fund management. He has the experience of 23 years in the financial management space.
Mr Chandak has been working with the ICICI Prudential AMC since 2008. He has been looking after the investment management of the company and has a vast knowledge of the Indian equity market. He has earlier worked as an investment manager with the company.
You may invest in the fund through lumpsum and SIP mode. The minimum amount of SIP must be of Rs 500 on a monthly basis. If you are looking for any further investment details regarding ICICI Prudential Bluechip Fund G, you can connect with our experts at MySIPonline via call or email.