ICICI Prudential Bluechip Fund Direct-Growth
PB Recommended Equity Large Cap
PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth
1 Yr return
12.32%
3 Yrs CAGR returns
13.45%
5 Yrs CAGR returns
10.05%
NAV as on 27 Dec
₹ 48.04 by 0.46 ( 0.02%)
Expense ratio
1.19
Exit load
1%
Fund Size (Cr)
₹ 22182.14
If ₹1000 invested for 1
Estimated returns*
₹ 0
with % annual returns
* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More
The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.
The scheme seeks to generate long term capital appreciation and income distribution to investors from a portfolio that is predominantly invested in equity and equity related securities of large cap companies.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
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Equity
| Top 10 Sectors | % |
|---|---|
| Financial | 31.68 |
| Energy | 11.89 |
| Technology | 9.85 |
| Others | 9.07 |
| Automobile | 7.87 |
| FMCG | 6.72 |
| Construction | 4.49 |
| Communication | 4.31 |
| Metals | 3.92 |
| Life Insurance | 3.51 |
| Top 10 Sectors | % |
|---|---|
| Others | 10.89 |
| Banking | 8.51 |
| Banking | 7.32 |
| Computer Software | 6.13 |
| Banking | 4.83 |
| Telecom.Services | 4.09 |
| Others | 3.99 |
| Crude Oil & Natural Gas | 3.8 |
| Housing Finance | 3.55 |
| Life Insurance | 3.51 |
| Fund House | ICICI Mutual Fund |
| Fund Manager | Anish Tawakley |
| Fund Setup Date | 01 Jan 2013 |
| Address | One BKC, A Wing , 13th Floor, Bandra Kurla Complex, undefined |
| Contact | 022- 26525000, 1800 222 999, 1800 200 6666 |
| Email ID | enquiry@icicipruamc.com |
About ICICI Prudential Bluechip Fund
ICICI Prudential Bluechip Fund is an open ended mutual fund scheme that invests more than 85% of the total assets in equity stocks of large cap companies, with the investment objective of long term capital appreciation.
The fund invests in high growth blue chip companies with tested business models and quality leadership, and follows a ‘buy and hold’ approach. This essentially means that the fund manager buys a security for a long term and doesn’t give in to the temptation of selling the stock during adverse market conditions.
The investment portfolio is well-diversified across various sectors, with top performers from each industry being a part of the portfolio. The top holdings of the fund include HDFC Bank, Infosys, ICICI Bank, etc.
Who should invest in ICICI Prudential Bluechip Fund?
If you’re a conservative investor, looking for reasonable returns over a particular investment horizon (4-5 years), this fund is a good investment option that will deliver consistent returns
If you’re not well-versed with the dynamics of financial markets, or don’t have time to regularly track the market sentiment, then you can opt for this fund to invest in India’s leading companies instead of independently selecting stocks
If you’ve a good appetite for risk, it is better to opt for midcap and small-cap funds as these have delivered better returns over the years. For instance, you can opt for SBI Small Cap Fund from the small-cap category, or DSP Midcap Fund from the mid-cap category. However, it should be noted that the underlying companies of these funds are relatively less stable when compared to large cap companies.
The underlying stocks in the ICICI Prudential Bluechip Fund have a good track record of delivering quality returns in the long run. Consequently, this fund offers an opportunity to investors to grow their savings with the growth of leading companies.
Also Read: How to Calculate Mutual Fund Return?
Will You Pay Tax?
If you withdraw or redeem the units before one year of investment, Short Term Capital Gains Tax of 15% is levied. Whereas, Long Term Capital Gains Tax above ₹1 lakh will be taxed at 10% after completion of 1 year of investment.
For instance, an investor has made a capital gain of ₹50000 on investment in ICICI Prudential Bluechip Fund, Short Term Capital Gains Tax of 15% would be levied if s/he withdraws the amount within one year of investment. The payable tax would be ₹7500.
Also, if the investor has made a capital gain of ₹1.5 lakh on investment in this scheme, and withdraws the amount after 1 year of investment, Long Term Capital Gains Tax of 10% would be levied on ₹50000. ₹1Lakh is exempted from taxation. The payable tax would be ₹5000.
How to Invest in this Fund Online?
- Sign Up/Sign In to Paisabazaar.com and go to ‘Equity Funds’
- Click on the section of ‘Large Cap Funds’
- Type and search directly by the name of ICICI Prudential Bluechip Fund. Once it opens up, look at the details. You can also compare similar funds as well as use Returns Calculator to calculate future value of your investment.
- Click on ‘Invest Now’, select either Lump sum or SIP
Why Paisabazaar?
- Trusted website, no commission charges and no paperwork
- You can compare more than 1,700 Funds at one platform instead of visiting the website of each AMC and then searching for numerous funds
- Easy to browse as Funds are segregated under Equity, Debt, Large Cap, ELSS, etc. You can further add filters of ratings, returns, fund houses.
- Important scheme details such as latest Net Asset Value (NAV), expense ratio, assets under management, etc are also available on the portal, making it easier for consumers to pick a suitable fund.
FAQs
Q. What is the entry load for ICICI Prudential Bluechip Fund?
A. There is no applicable entry load on the aforementioned fund.
Q. What is the exit load for ICICI Prudential Bluechip Fund?
A. If an investor redeems the purchased units within 1 year of allotment of units, an exit load of 1% is payable by the investor. However, no exit load is levied for redemption of units after 1 year of purchase.
Q. Which is the better mode of investment for this fund, SIP or Lump-sum investment?
A. Since the aforementioned fund is an equity fund, it is advisable to invest via Systematic Investment Plan (SIP) to average out the cost of units purchased. SIPs effectively counter the risk arising out of market fluctuations.
Q. Why should one invest in Large Cap Mutual Funds?
Equity securities of large cap companies, have the ability to sail through turbulent market conditions because of their long operational history, and have proven to effectively mitigate market downside.
Q. What is the expense ratio charged by the ICICI Prudential Bluechip fund?
A. The expense ratio charged by the aforementioned fund is 1.20%. (as of October 31, 2019)
Q. What are the Best Bluechip Mutual Funds to invest in 2020?
A. Here is a list of top performing bluechip/large cap funds one can consider investing in 2020:
ICICI Prudential Bluechip Fund
SBI Bluechip Fund
Axis Bluechip Fund
Mirae Asset Large Cap Fund
Nippon India Large Cap Fund