• Wed. Feb 28th, 2024
This mutual fund turns an investment of Rs 10 lakh into Rs 71.5 lakh in 15 years.

A SIP would have given investors a CAGR of 14 per cent since the inception of the scheme. If you had invested Rs 10,000 every month in the scheme for 15 years, the investment of Rs 18 lakh would have grown to Rs 56.4 lakh.

Since its inception on May 23, 2008, ICICI Prudential Bluechip Fund has delivered a compound annual growth rate (CAGR) of 13.98 percent. In perspective, this return means that the Rs 10 lakh invested during the scheme’s New Fund Offer (NFO) will currently grow to Rs 71.5 lakh. In the same year, the fund house said that an investor would get Rs 46.8 lakh if ​​he invests in the scheme’s criteria.

A SIP would have given investors a CAGR of 14 per cent since the inception of the scheme. The mutual fund house added that if Rs 10,000 were invested in the scheme every month for 15 years, an investment of Rs 18 lakh would grow to Rs 56.4 lakh.

The scheme’s five-year return has increased by more than 12 per cent from 69 per cent over the period since inception. In terms of its benchmark, this figure is 60.7 percent over time. (Data Source: MFI Explorer. MFI Explorer is a tool provided by ICRA Online Ltd.)

As on 31 May 2023, the scheme outperformed the Nifty 100 TRI in all time frames: inception, 1 year, 3 years, 5 years, 10 years and 15 years.

About the fund

ICICI Prudential Bluechip is one of the largest actively managed large cap funds with assets of Rs 37,016 crore (as of May 31, 2023). It has completed 15 years of investment experience. Launched in May 2008 amid the global financial crisis, the fund house said it has managed through market turbulences such as trade wars, recessions, geopolitical tensions and interest rate cycles.

Wealth Creation Journey of the Scheme-SIP

SIP investment Since the beginning of SIP 10 years SIP 7 years SIP 5 years SIP 3 years SIP 1 Year SIP
Total amount invested (in Rs.’000) 1,810 1,200 8,40 600 360 120
Market value at the end of the month (Rs.’000) 5,808.96 2,421.36 1,366.34 877.29 453.88 128.03
Scheme Return (% CAGR) 14.17 13.46 13.66 15.20 15.67 12.70 p.m
Scheme* Benchmark Return (% CAGR) 12.94 13.03 13.28 14.11 13.52 10.59
Nifty 50 TRI (% CAGR) 12.83 13.32 14.01 14.91 14.70 12.89

(Source: ICICI Prudential)

Fund Manager

Anish Tawakli is the fund manager of the scheme and Deputy CIO-Equity and Head of Research at ICICI Prudential Asset Management Company.

Tawakli said, “Over the years, picking high-conviction stocks with a buy-and-hold approach in large-cap companies with a proven track record, quality management and good growth potential has worked well for the scheme. Compared to the benchmark, currently, the portfolio is overweight in auto, industrial products, capital goods and telecom.”

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