ICICI PRU BLUECHIP: The biggest offering in its category, this large-cap fund emphasises on individual stock selection for outperformance rather than taking bold sector calls

This large cap mutual fund gave 15% returns in three years; should you invest? It avoids the ‘growth at reasonable price segment and prefers a mix of ideas from two opposing themes. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

ICICI PRU BLUECHIP
BASIC FACTS
DATE OF LAUNCH
23 MAY 2008
CATEGORY
EQUITY
TYPE
LARGE CAP
AUM*
Rs.51,554 crore
BENCHMARK
NIFTY 100 TOTAL
RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.94.91
IDCW**
Rs.30.3
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNT
Rs.100

EXPENSE RATIO# (%)
1.45
EXIT LOAD
1% for redemption within 365 days

*AS ON 29 FEB 2024
**AS ON 26 MAR 2024
#AS ON 29 FEB 2024


FUND MANAGER
ANISH TAWAKLEY
5 YEARS, 5 MONTHS


Recent portfolio changes
New entrants
Aurobindo Pharma, Vedanta (Jan). Asian Paints (Feb).
Complete exits
LIC Housing Finance, NHPC (Jan). Alkem Laboratories, Bank of Baroda, Life Insurance Corporation of India (Feb).

Should You Buy?
The biggest offering in its category, this large-cap fund emphasises on individual stock selection for outperformance rather than taking bold sector calls. It avoids the ‘growth at reasonable price’ segment and prefers a mix of ideas from two opposing themes—high quality businesses trading at a premium and distinctly value-centric opportunities. While it saw a sharp drop in performance over 2017-2020, the fund’s return profile has made a strong comeback, with even its regular plan variant beating the index consistently since 2021. This return to form retains its position as a worthy pick in the long run.

This story originally appeared on: India Times - Author:Faqs of Insurances