If you are looking at SIP Investments, there are a few investments from ICICI Prudential Mutual Fund that have the potential to deliver. We have selected some of the best SIP Plans from ICICI Prudential. Take a look. We have kept in mind past track record and the portfolio of the fund.
ICICI Prudential Multicap Fund
ICICI Prudential Multicap Fund has generated average returns of 23.84 per cent each year, in the last three years. It is amongst the better multi-cap funds in the country. The fund has generated a good long term returns of more than 15 per cent on an average each year, since its launch in 1994. The growth plan of the fund has a NAV of Rs 237.03, while the NAV under the dividend plan is Rs 23.02. The fund has generated a 1 year return of near 30 per cent.
SIP plans for ICICI Prudential Multicap Fund
You can invest in the ICICI Prudential Multicap Fund with a small SIP of Rs 1,000 every month. Initially, you need an investment of Rs 5,000. The fund has a very strong portfolio with stocks like Infosys, Cipla, Thomas Cook among the top draws at the fund. Interestingly, the fund is among the few funds not to have HDFC Bank in its portfolio. The only thing that one needs to note is that the expense ratio of the fund is rather high at 2.35 per cent. There is also an exit load if you exit the fund before a period of 540 days. The exit load is 1 per cent.
ICICI Prudential Focused Bluechip Equity Fund
This is another fund from the ICICI Prudential Mutual fund stable that has done well in the last many years. The fund has delivered returns of close to 19 per cent on an average each year, in the last three years. The returns of the fund since launch in 2008, is close to 15 per cent on an average each year. The growth scheme has a net asset value of Rs 33, while the dividend plans has an NAV of Rs 20.91. Remember that dividends are tax free in the hands of the investors.
SIP for ICICI Prudential Focused Bluechip Equity Fund
There is an initial investment of Rs 5,000 that would be needed for the SIPs of the fund. Thereafter every month you can invest a small sum of Rs 500 each. The portfolio of ICICI Prudential Focused Bluechip Equity Fund comprises some really blue chip stocks including the likes of HDFC Bank, ICICI Bank and Infosys. Invest in this fund if you have a long term perspective for investment. You may also wait to invest in ICICI Prudential Focused Bluechip Equity Fund after a decline in the net asset value.
ICICI Prudential Value Discovery Fund
In this fund as well you can start with an initial amount of Rs 5,000 and then a small SIP of Rs 500 every month. Again, there is nothing remarkably different with ICICI Prudential Value Discovery Fund as compared to the Bluechip Equity Fund, as the performance is more or less in line with it, though the fund has a different portfolio. The good track record of funds, which makes it among the best SIPs from ICICI Prudential Mutual Fund. The one year returns have been 24.21 per cent. The NAV under the growth plan is Rs 126.88, while the NAV under the dividend plan is Rs 33.03.
The article is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author do not accept culpability for losses and/or damages arising based on information in this article. The author and his family do not own any units in the above mentioned schemes.