ICICI BLUECHIP FUND is one of the best mutual funds
Bluechip funds are large companies investing funds as the name suggests invest in bluechip companies that have proven a great record in the financial sector, produce good products, are well established and capitalized for a long time. It is good for investors who want to invest more in equity funds with high return values and is a long-term capitalization having alined returns.
Since it invests in large-capitalization companies its declining rate is less compared to low-capital investors when the market crashes.
It is also known as ICICI PRUDENTIAL BLUECHIP FUND and is the 4th largest large capital fund in India.
Some aspects of ICICI BLUECHIP FUND according to the portfolio (as of May 2022) are:
- Inception date – May 2008
- AUM Size – Rs 31000+cr (constantly increasing since last 10 years)
- Expense ratio – 1.77 (for regular plan)
- Minimum investment lumpsum – Rs100
- SIP – Rs500
- Exit load – 1% (on withdrawal before 1 year and NIL after 1 year)
- Market capitalization:
Large capital – 84.45%
Mid-capital – 8.21%
Small capital – 0.59%
- Standard deviation – 20.96%
- Sharp rate – 0.58%
- Turnover ratio – 0.13%
- Portfolio turnover is very less as compared to the category average.
- Very less deviation in the return ratio due to the market disturbance since it has a less sharp ratio and turnover ratio as compared to its category ratio.
- Trailing returns
Last 1 year – 22.3%
Last 3 years – 14.9%
Last 5 years – 12.9%
Since inception – 14.2%
Most of the time it has beaten benchmark ratio and category return and is profitable when invested for a long duration of time.
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Fund managers:
- Atul Patel (joined in May 2012)
- Priyanka Khandelwal (joined in June 2017)
- AnishTawakley (joined in Sep 2018) is an IIT, IIM alumni have experience of 24 years and who previously worked with Barclays and McKinsey companies.
- VaibhavDusad (joined on Jan 2021) experience of 11 years in Indian Public Equity Markets and previously worked with Morgan and Stanly companies.
- Total stocks – 68 companies
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The top 10 stocks are:
- ICICI Bank Ltd. – 9.83%
- Reliance Industries Ltd. – 7.48%
- Infosys Ltd. – 7.44%
- HDFC Ltd. – 6.01%
- Bharti Airtel Ltd. – 5.32%
- Axis Bank Ltd. – 5.16%
- Larsen&tourbo Ltd. – 4.83%
- SBI life insurance Co. Ltd. – 3.15%
- Maruti Suzuki Ltd. – 3.04%
10.HCl technologies Ltd. – 2.82%
- Moreover, ICICI BLUECHIP FUND is one of the best mutual funds started by ICICI for those who want to invest for the long term with high returns from large capitalized companies and no exit load after 1 year.
If you know about which Funds are Taxed like Equity. Do read this topic- ICICI MULTI-ASSET FUND IS TAXED LIKE EQUITY FUNDS
From Hemant K Midha