ICICI Prudential Bluechip Fund has accomplished 15 years. Launched amidst the worldwide monetary disaster in Could 2008, the scheme has delivered a compounded annual development price (CAGR) of 13.98%. Rs 10 lakh invested through the NFO of the scheme have grown to Rs 71.5 lakh. The benchmark of the scheme would have fetched the investor Rs. 46.8 lakh in the identical interval.

A SIP within the scheme since its inception would have delivered a CAGR of 14% to traders. If Rs 10,000 have been invested within the scheme each month for 15 years, an funding of Rs 18 lakh would have grown to Rs 56.4 lakhs.

The scheme’s five-year return has been greater than 12% round 69% of the time since inception. Within the case of its benchmark, the determine stands at 60.7% of the time. (Knowledge Supply: MFI Explorer. MFI Explorer is a software supplied by ICRA On-line Ltd.)

As on Could 31, 2023, the scheme has outperformed the Nifty 100 TRI throughout all timeframes: since inception, 1 12 months, 3 years, 5 years, 10 years and 15 years.

Anish Tawakley, fund supervisor of the Scheme and Deputy CIO-Fairness and Head of Analysis, ICICI Prudential Asset Administration Firm, notes, “Through the years, selecting excessive conviction shares with purchase and maintain strategy in large-cap firms with confirmed observe document, high quality administration, good development potential has labored nicely for the scheme.”

As in comparison with the benchmark, at the moment, the portfolio is chubby in auto, industrial merchandise & capital items, and telecom. By constructing a portfolio that holds shares and sectors with very totally different weightages from its benchmark, the scheme has demonstrated that with lively administration, one can purpose to defy the percentages and endeavour to ship alpha within the largecap class, mentioned a launch.

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