Should I start SIP in ICICI Prudential Bluechip Fund?

I am currently 20 years old and want to start investing for long term. I want to start with SIPs and from what I have learnt after researching a bit, ICICI Prudential Blue Chip Fund is currently the best SIP to invest in under large cap. Any suggestions?

--- Abir Bardhan

Answered by Shifali Satsangee, Founder, Funds Ve'daa, a mutual fund advisory firm, based in Agra:

We always recommend investors to start investing early and to adopt a goal oriented approach. As we have always reiterated that there is no such thing as the best scheme to invest in. Instead an investor should seek to look for the right scheme which best suits his requirements taking into consideration goals, liquidity, age profile, risk profile etc. In case, you want to start investing only in large caps, you could choose between Mirae Large Cap Fund or Axis Bluechip Fund.


Though looking at your age profile and the goal of long term wealth creation, we instead suggest you to start with a Flexicap scheme. Alternatively, you may choose between Parag Parikh Flexi cap Fund (since it also gives you geographical diversification- both domestic and international equity) and DSP Equity Fund to start with and later add an index fund like UTI Nifty Index Fund to your portfolio.