If you are among the mass that expects minimal risk from pure equity mutual fund, then ICICI Prudential Bluechip Fund is what you are looking for. This large-cap fund invests only in the best of equities in India and is considered as the safest equity schemes as almost every stock present in the portfolio possess a ‘bluechip’ quality which makes the portfolio more promising and less risky for the investors. The experts at MySIPonline recommend the scheme to a number of conservative equity investors seeking long term capital gains. Read till the end to find out the reasons which make it an optimum choice for low-risk equity investments.
ICICI Prudential Bluechip Fund; Know Before Investing
This bluechip fund follows the mandate of a large-cap fund and was launched in 2006 by ICICI Prudential Mutual Fund with an aim to deliver long term gains to the investors from the stocks of leaders of Indian economy. The fund has strategically utilised every positive opportunity in the equity market to deliver better gains than peers while the negative returns have always been limited above the benchmark and category average. Following are reasons which makes it an optimum choice for conservative equity investors.
- Least Risk in The Category
The risk stats of ICICI Prudential Bluechip Fund are among the best in the category. The risk is measured by standard deviation and beta for the past performance of the scheme and it has maintained least deviation from mean for a long time. Hence it is considered as the least risky scheme in the category.
- Most Chosen Scheme in the Category
It has the highest assets under management in the large-cap category of equity mutual funds, despite coming later than most of the peers. ICICI Prudential Bluechip Fund was launched in 2006 but has been chosen by more number of investors due to impressive and satisfactory performance at a consistent rate.
- Well Structured Portfolio
The portfolio of ICICI Prudential Bluechip Fund is well diversified and has stocks from various sectors to reduce the volatility. Most of the companies in the portfolio are leaders of their respective sectors and are well-established entities with a superior track record. They are financially stable and can resist smaller fluctuations in the market easily.
- Experienced Managers
ICICI Prudential Bluechip Fund is managed by Mr Anish Tawakley and Mr Rajat Chandak who are highly experienced in asset management business and take concerned calls considering the mandate of the scheme. They have years of experience and hold prestigious degrees with them.
- Defensive Investment Strategy
The fund managers do not involve mid-cap and small-cap stocks in the portfolio as they bring unwanted risk. The growth style of investment is strictly followed even if attractive valuations are available in the market. Maintaining low risk and consistency in returns is the top priority of the managers.
ICICI Prudential Bluechip Fund has provided best returns in the category in the long term while maintaining low risk in the short term. This unique ability of the scheme has been successful to attract millions of investors. It is an ideal choice for the investors with low-risk appetite seeking pure equity mutual fund for long term capital gains. To start investing today or to know more about the scheme, connect with the financial experts at MySIPonline.