ICICI Prudential Bluechip Fund: Details, Risk Ratios, Performance Since 2008

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

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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.