ICICI Prudential US Bluechip Equity Fund (Growth)

ICICI Prudential US Bluechip Equity Fund (Growth) is an open ended equity scheme investing predominantly in securities of large cap companies listed in the United States of America. The fund’s objective is to provide long term capital appreciation to investors. The fund provides its Indian investors with an opportunity to invest in US companies through an investment in the fund. Bluechip mutual funds are funds that invest in blue-chip companies or large market capitalisation companies. Such companies have excellent historical performance and better potential for growth in future. The ideal minimum investment horizon for these funds is 5 years. The fund is suitable for an investor whose aim is to build long term wealth through exposure to equities listed on the US stock market. 

Investment Objective of ICICI Prudential US Bluechip Equity Fund (Growth)

The investment objective of ICICI Prudential US Bluechip Equity Fund (Growth) is to provide long term wealth creation and appreciation. Owing to its investment objective the fund invests in blue-chip companies listed on the US stock market. Such companies are global leaders and renowned brands. They may also have a presence in India but are not listed on Indian stock exchanges. Along with investment in US stocks, the scheme invests in ADRs/GDRs issued by Indian and foreign companies. 

While selecting these companies the scheme employs both top-down as well as bottom-up approaches without restricting to a particular sector. The fund invests a minimum of 95% of its assets in equity and equity-related instruments and securities across sectors including technology, healthcare, consumer services, industrials, and financial services. 

Scheme Details of ICICI Prudential US Bluechip Equity Fund (Growth)

On 6th July 2012, ICICI Prudential Asset Management Company Limited had launched ICICI Prudential US Bluechip Equity Fund (Growth). The fund has been in existence for the past 10 years. 

NAV and Returns – The NAV of the fund as of 4th April 2022 is Rs  46.44. The risk-o-meter of the fund is very high risk. Hence, an investor must understand that their principal investment amount will be at very high risk. Owing to the fund’s exposure to US equities, an investor may expect volatility in their investments over the short term. ICICI Prudential US Bluechip Equity Fund (Growth) is a 10-year-old fund. Since its inception, the scheme has delivered a return of 17.10%.

Minimum Investment – The minimum amount for a lump sum investment is Rs 5,000

Expense Ratio and Exit Load – The fund charges an expense ratio of 2.25% on the units of the mutual funds. The fund charges an exit load of 1% for units if the investment is redeemed or switched within 1 year from the date of allotment of units of the fund. 

Fund Manager – The fund is managed by Priyanka Khandelwal, Rohan Maru. Ms Khandelwal is a Company Secretary and Chartered Accountant. Since October 2014, she has been with ICICI Prudential Mutual Fund. Mr Maru holds a master’s degree in commerce and a master’s degree in business administration in finance. Prior to joining ICICI Prudential Mutual Fund, he worked as a Fixed Income Dealer for Kotak Mahindra AMC and as a Research Associate for Integreon Managed Solutions.

Other Details – There is no lock-in period for the scheme. So, an investor can redeem an investment anytime without any redemption limit. As of 4th April 2022, the AUM of ICICI Prudential US Bluechip Equity Fund (Growth) is Rs 2,074.026 cr. The fund benchmarks to S&P 500 TR USD. This fund is meant for investors with a minimum investment horizon of 5 years. 

Growth Review

Scripbox recommends ICICI Pru US Bluechip Equity Fund (Growth) for investment within the US Equity mutual fund category. US equity mutual funds provide exposure to international markets. Additionally, it provides long-term appreciation over the investment horizon. US equity mutual funds are suitable for a diversified investment in US markets coupled with wealth creation. Moreover, the fund is suitable for an investment duration of 5 years or longer to fulfil these investment goals.

This fund primarily invests in shares of US companies that are listed on a recognized stock exchange in the USA. The fund has delivered 21% average rolling return in both one year and three-year periods. The fund has the second highest AUM in this category. The fund AUM has increased 4 times within two years. The funds AUM stood at Rs 2097 Cr as in Feb 2022.

The Quarterly outperformance count of this fund was good among international funds. The quarterly outperformance count measures the number of quarters that fund outperformed its category average. In addition to that fund.

The funds information ratio was quite good compared to its peers. This Fund also recommends the diversification of the portfolio.

1. With a past performance of 10 years, the fund has an excellent history for analysis. Moreover, the fund’s track record has been good over these years. 
2. With an AUM or relative size of Rs 2,075 cr, the scheme’s relative size is large within the category of US Bluechip Equity Fund.
3. Over these years, the fund has performed well providing inflation beating return on investment over the long term in agreement with its investment objectives.

Fund Performance

Annualised Returns

Period	Returns
5 Years	18%
3 Years	19.70%
1 Year	10.90%

Performance Ratio

Standard Deviation	20.25%
Portfolio Beta	0.76
Treynor’s Ratio	0.22
Sharpe Ratio	0.82

Asset Allocation

Asset Allocation as per Asset Type

Asset Type (Equity vs Debt)	Weightage
Equity	98.90%
Debt & Cash	1.10%

Asset Allocation As per Sector

Sector	Percentage of Holding
Technology	20%
Industrials	16.50%
Healthcare	16.40%
Consumer Defensive	15.40%
Consumer Services	10.30%
Financial Services	7.20%
Consumer Cyclical	7.10%
Energy	2.30%
Basic Materials	2%
Utilities	1.50%

Frequently Asked Questions

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