This Top-Rated Bluechip Fund Has Outperformed The Category Average In Returns

The most common way of selecting a mutual fund is to invest in the plan with the highest recent returns. The concern is that the best-performing funds in the previous year may not be the best-performing or will offer good returns in 2022 or any coming years. This makes it a concerning issue. So, where should one invest? Invest in a stable fund that has provided above-average returns during bull markets and has declined less during negative markets. It is also important to remember, earning above-average profits on a sustained basis is a statistical challenge.

ICICI Prudential Bluechip Fund -Direct Plan-Growth

NAV	Fund Size	Expense Ratio
₹71.60	₹ 30898.94 Cr	1.08%

NAV as on 04 February 2022

ICICI Prudential Bluechip Fund Direct-Growth is an ICICI Prudential Mutual Fund Large Cap mutual fund plan. As of 31 December 2021, the AUM of the Fund was at Rs 30,899 crores, making it a medium-sized fund in its category. The fund invests 95.66% of its assets in Indian stocks, with 80.61% in big-cap stocks, 6.02% in mid-cap stocks, and 0.4% in small-cap equities. The fund has a 0.37% debt position, of which 0.37% is in government securities. 

It has provided 15.47% average yearly returns since its inception. The fund's expense ratio, 1.08%, is lower than the Large Cap funds category average expense ratio, 1.12%. The has been given 3 Star, and rated 3 by the CRISIL. 

The majority of the fund's assets are invested in the financial, technology, energy, construction, and automobile industries. In comparison to other funds in the category, it has acquired less exposure in the financial and technology industries.

 The top five holdings of the fund are ICICI Bank Ltd., HDFC Bank Ltd., Infosys Ltd., Reliance Industries Ltd., and Larsen & Toubro Ltd.

Performance - Returns Over The Years

Lump-Sum Investment Returns - On Investment of Rs 10,000

Period Invested for	Absolute Returns	Annualised Returns	Category Avg
1 Year	22.75%	22.75%	19.81%
2 Year	53.58%	23.89%	21.45%
3 Year	70.80%	19.52%	18.56%
5 Year	109.54%	15.93%	15.01%
Since Inception	285.98%	16.00%	15.47%

SIP Investment Returns - On Investment of Rs 1,000

Period Invested for	Absolute Returns	Annualised Returns
1 Year	12.15%	23.09%
2 Year	38.74%	34.91%
3 Year	46.21%	26.21%
5 Year	59.18%	18.62%

 

Should You Invest in the Fund?

The fund aims to offer long-term capital growth and income distributions for investors through a portfolio primarily invested in large-cap equities and equity-related securities. In addition, the ability of the fund to provide consistent returns is comparable to that of other funds in its category. It has an above-average capacity to control losses in a sinking market. Investors seek excellent returns on their investments for at least three to four years. However, at the same time, you should be prepared for moderate losses in your investments.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, Terms and Conditions carefully before investing. The above-mentioned information is purely informational and carried forward from MoneyControl and CRISIL. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.