This fund was launched on May 23, 2008. Its benchmark index is the BSE 100 TRI. The NAV was Rs 106.71 on August 16, 2024. The risk-o-meter indicates it is a fund with very high risk. The fund size is Rs 62717.11 crore. The expense ratio is 1.47% which is lower than the category average of 2.01%.
Lumpsum returns
An amount of Rs 10,000 invested in this fund 5 years ago would have risen to Rs 26,419. If invested 10 years ago, it would have increased to Rs 41,473. The same amount would have gone up to Rs 106,710 if invested on May 23, 2008 (the day ti was launched).
SIP returns
Let’s consider systematic investment plans or SIPs. If one began an SIP of Rs 1,000 1 year ago, it would have generated a total value of Rs 14,294. If started 2 years ago, the same SIP would have become Rs 32,717. The amount came to Rs 52,678 if began 3 years ago. If began 5 years and 10 years ago, the same SIP would have generated Rs 110,875 and Rs 303,461 respectively.
Sectors the fund is bullish on
The sectors where ICICI Blue Chip Fund is bullish are financial, energy and utilities, technology, consumer discretionary. The fund manager has invested 23.28%, 13.44%, 11.99% and 10.94% of its funds into these sectors. There is no other sector where more than 10% of its funds have been committed.
Scanning the portfolio of this fund it has reported that 78.25% of their investments is in giant stocks (category average: 72.27%). As much as 17.43% is in large cap stocks (category average: 24.30%) while 4.01% is in midcap stocks (category average: 5.41%) and just 0.31% investments are in smallcap stocks (category average: 3.41%).
Top stocks
Some of the stocks this fund has put their money in are ICICI Bank, RIL, L&T, HDFC Bank, Infosys, Maruti Suzuki, Axis Bank, Ultratech Cement, Bharti Airtel, Sun Pharmaceutical, Hero Motocorp, ITC, NTPC.
ICICI Pru Bluehip fund suffers a lower degree of volatility compared to the category average. The fund as also generated better returns for the same degree of risk.
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Large-cap mutual funds are regularly recommended by almost all investment strategists since they are the least to suffer a high degree of volatility. ICICI Pru Bluechip Fund is one of the better performers of the large-cap funds. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
