Launch Date: This scheme was first opened for investment on the 23rd of May, 2008.
Fund Type: The ICICI Prudential Focused Bluechip Equity Fund is classified as an open-ended equity scheme with no entry load.
Minimum Investment: The minimum initial lump sum investment required in order to subscribe to this scheme is Rs. 5000. The minimum additional investment required for existing members of the scheme is Rs.500. Higher investment amounts are also allowed in both cases and these are provided in multiples of Re1.
Risk Category: Being an open-ended equity fund, there is an inherent risk to this investment including the possibility of loss of the principal amount invested. However, the scheme primarily invests in high-quality equities of large-cap bluechip companies, which are considered to be among the least risky equity investments. Additionally, the fund also features a high degree of diversification across sectors, which further decreases the overall risk. As a result of these strategies, the scheme is classified as a moderately high-risk investment.
Entry/ Exit Load: The entry load for investments made into the scheme is currently zero. An exit load of 1% on applicable NAV is applied in case units are redeemed or switched prior to completion of 1 year from the date of allotment. If units of the scheme are held for over a year prior to being redeemed or switched, the capital gains thus obtained are tax exempt.
Fund Manager: The fund is currently managed by Manish Gunwani who has been in the position from January 2012 onwards and he has over 17 years of relevant experience in the financial sector.