The ICICI Prudential Bluechip Fund stands out for its strong performance, disciplined investment strategy, and superior risk-adjusted returns. Its focus on large-cap stocks provides a relatively stable investment option with the potential for significant long-term gains.
- Fund Category: Large Cap Fund
- Net Asset Value (NAV): ₹101.97 (as of 14th June 2024)
- Fund Size: ₹55,459.29 Cr
- Expense Ratio: 1.49% (lower than the category average of 2.03%)
- Risk Level: Very High
- CRISIL Rank: Not Ranked
ICICI Prudential Bluechip Fund – Performance Analysis
The fund has consistently outperformed its benchmark, the Nifty 100 TRI, and the category average across various time periods.
| Period | Fund Return | Benchmark (Nifty 100 TRI) | Category Average |
| 1 Month | 3.50% | 3.44% | NA |
| 3 Month | 5.57% | 5.76% | NA |
| 6 Month | 22.92% | 21.41% | NA |
| 1 Year | 41.41% | 32.72% | 34.42% |
| 2 Year | 63.64% | 27.88% | 23.85% |
| 3 Year | 78.14% | 21.20% | 16.86% |
| 5 Year | 132.17% | 18.33% | 15.65% |
| 10 Year | 312.66% | 15.21% | 13.50% |
| Since Inception | 897.40% | 15.45% | 15.85% |
SIP Returns
The Systematic Investment Plan (SIP) returns for the fund are also impressive, showcasing its ability to generate wealth over the long term.
| Period | Total Investment | Latest Value | Absolute Returns | Annualised Returns |
| 1 Year | ₹12,000 | ₹15,892.83 | 22.25% | 42.04% |
| 2 Year | ₹25,000 | ₹34,366.02 | 37.46% | 33.27% |
| 3 Year | ₹37,000 | ₹53,955.03 | 45.82% | 25.74% |
| 5 Year | ₹61,000 | ₹1,11,732.03 | 83.17% | 24.24% |
| 10 Year | ₹1,21,000 | ₹3,00,686.15 | 148.50% | 17.25% |
ICICI Prudential Bluechip Fund – Risk Ratios
The fund exhibits lower volatility compared to its category, with superior risk-adjusted returns.
| Ratio | Fund | Category Average |
| Standard Deviation | 12.07 | 12.92 |
| Beta | 0.89 | 0.95 |
| Sharpe Ratio | 0.99 | 0.65 |
| Treynor’s Ratio | 0.13 | 0.09 |
| Jensen’s Alpha | 4.37 | 0.19 |
ICICI Prudential Bluechip Fund – Portfolio
Asset Allocation
- Equity: 90.87%
- Debt: 0.19%
- Others: 8.95%
Equity Holdings
The fund holds a diversified portfolio of 66 stocks, predominantly in large-cap companies, with a smaller allocation to mid and small-cap stocks.
| Investment Type | Allocation |
| Large Cap Stocks | 81.53% |
| Mid Cap Stocks | 3.87% |
| Small Cap Stocks | 0.74% |
| Others | 4.69% |
Top Holdings
| Stock | Sector | Value (Mn) | % of Total Holdings | 1M Change | Quantity |
| ICICI Bank Ltd. | Private Sector Bank | 46,612.4 | 8.49% | 0.21% | 4.05 Cr |
| Reliance Industries Ltd. | Refineries & Marketing | 42,237.3 | 7.69% | -0.40% | 1.44 Cr |
| Larsen & Toubro Ltd. | Civil Construction | 35,496.7 | 6.47% | -0.58% | 98.76 L |
| Maruti Suzuki India Ltd. | Passenger Cars & Utility Vehicles | 26,929.7 | 4.90% | -0.05% | 21.01 L |
| Axis Bank Ltd. | Private Sector Bank | 26,067.9 | 4.75% | 0.37% | 2.24 Cr |
The low portfolio turnover ratio of 23% indicates a buy-and-hold strategy, reflecting the fund manager’s confidence in the selected stocks’ long-term performance.
Tax Treatment
- Long-Term Capital Gains (LTCG): If units are sold after 1 year from the purchase date, a 10% LTCG tax is applicable if the total gain exceeds ₹1 lakh.
- Short-Term Capital Gains (STCG): If units are sold within 1 year from the purchase date, a 15% STCG tax is applicable.
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.
