ICICI Prudential Bluechip Fund completes 15 years

ICICI Prudential Bluechip Fund has completed 15 years. Launched amidst the global financial crisis in May 2008, the scheme has delivered a compounded annual growth rate (CAGR) of 13.98%. Rs 10 lakh invested during 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 same period.

A SIP in the scheme since its inception would have delivered a CAGR of 14% to investors. If Rs 10,000 were invested in the scheme every month for 15 years, an investment of Rs 18 lakh would have grown to Rs 56.4 lakhs.

The scheme’s five-year return has been more than 12% around 69% of the time since inception. In the case of its benchmark, the figure stands at 60.7% of the time. (Data Source: MFI Explorer. MFI Explorer is a tool provided by ICRA Online Ltd.)


As on May 31, 2023, the scheme has outperformed the Nifty 100 TRI across all timeframes: since inception, 1 year, 3 years, 5 years, 10 years and 15 years.

Anish Tawakley, fund manager of the Scheme and Deputy CIO-Equity and Head of Research, ICICI Prudential Asset Management Company, notes, "Over the years, picking high conviction stocks with buy and hold approach in large-cap companies with proven track record, quality management, good growth potential has worked well for the scheme."

As compared to the benchmark, currently, the portfolio is overweight in auto, industrial products & capital goods, and telecom. By building a portfolio that holds stocks and sectors with very different weightages from its benchmark, the scheme has demonstrated that with active management, one can aim to defy the odds and endeavour to deliver alpha in the largecap category, said a release.

SIP Investment	Since Inception SIP	10 Years SIP	7 Years SIP	5 Years SIP	3 Years SIP	1 Year SIP
Total Amount invested (Rs '000)	1810	1200	840	600	360	120
Market value as on month end (Rs '000)	5808.96	2421.36	1366.34	877.29	453.88	128.03
Scheme return (% CAGR)	14.17	13.46	13.66	15.2	15.67	12.7
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	14.7	12.89