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- ThisPageDoesNotContainIconFund Of The Month
ICICI Prudential Bluechip Fund
Fund of the Month: Fund of the Month: ICICI Prudential Bluechip Fund
Fund Manager: Anish Tawakley, Sharmila D mello, Vaibhav Dusad
SEBI Categorisation: Large Cap Fund
Type & Investment Objective :The fund aims to achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of large cap companies. The fund is a large cap equity fund that invests minimum 80% in large caps and can take upto 20% exposure in mid cap stocks. The fund manager maintains a portfolio of large cap stocks with bottom up investment approach and invests in quality companies which have high growth potential.
- AMC continue to remain selectively positive in global space. With major developed economies facing stagflation and financial sector instability, AMC believes China and Japan may do well. AMC is cautious on US, however, keeping aside the near-term hazy picture, long term prospects look good given the fact that US is a leader when it comes to tech innovations, skilled labor, strong position in pharma space, innovation across multiple sectors.
- As on 31st March 2025, Nifty 50 was trading at 21.53x, FY25E price to earnings at 18.88x, FY26E price to earnings at 18.03x. Ongoing rally in equity markets has pushed country's market cap to GDP to 136% v/s historical average of 95%. Valuations of Large-cap stocks look relatively cheaper leaving more headroom for margin of safety.
- AMC continues to believe in India’s long-term structural story despite global uncertainties. The Union Budget 2025-26 has reaffirmed AMC view as it focuses on consumption revival, fiscal prudence, export promotion, tax rationalization and boosting domestic manufacturing. believe the rejig in income tax slabs should help the middle class with additional disposable income. AMC believes the rejig in income tax slabs should help the middle class with additional disposable income. (Estimates are as per the AMC)
Sectoral Overweights
- Auto: Consistent demand, Positive Catalysts, New Model Launches.
- Industrials: Increased capex focus for boosting manufacturing in India and China plus one theme playing out well.
- Telecom: Capex overshoots are more likely for 5G Capex Monetization, rising mobile data subscribers in India provide for faster 5G penetration.
Sectoral Underweights
- Consumer Non-Durables: - Muted demand, margin pressure, Price hike.
- Software: - Digital transition to take time, Macro uncertainties & rising interest rates have impacted client sentiments on tech spending, Weakness in global manufacturing and BFSI sector continues to dampen demand.
Sectoral Attribution – Fund Vs Benchmark – 1 Year Performance
- The top outperformers in this scheme for the last one year have been Telecom, Cement, Auto, Industrial products and capital goods, while the underperformers for the fund have been Software, metals and mining, Consumer non-durables.
This fund is recommended for investors with an investment horizon of 2-3 years, in line with investors’ individual risk profile and product suitability.
Top Holdings (As 31 March 2025)
Company | % Allocation | Sector | % Allocation |
HDFC Bank Ltd. | 9.76 | Banks & Finance | 28.98 |
ICICI Bank Ltd. | 8.88 | Oil & Gas, Energy | 13.38 |
Larsen & Toubro Ltd. | 6.28 | Auto & Auto Ancillaries | 9.26 |
Reliance Industries Ltd. | 6.16 | Housing & Construction | 7.41 |
Bharti Airtel Ltd. | 4.36 | IT | 6.32 |
Total | 35.44 | Total | 65.35 |
Returns (%)
( As on 30 April 2025 )
Period | Fund | Nifty 100 TRI |
3 Months | 4.00 | 3.43 |
6 Months | 0.41 | -0.55 |
1 Year | 9.00 | 7.22 |
3 Years | 18.28 | 13.69 |
5 Years | 24.07 | 21.23 |
Since Inception | 14.98 | -- |
Absolute for <= 1 year and compounded annualized for > 1 year
Scheme Features
- Options: Growth and Income Distribution cum capital withdrawal (IDCW)
- Minimum Investment amount: Rs. 100
- Load Structure Exit Load: "If redeemed bet. 0 Year to 1 Year; Exit Load is 1%;
- Benchmark Index: Nifty 100 TRI
- Mar 2025 [Fund Size in Crs] 64,962.52
- NAV: 52 Week High / Low: Rs. 113.98 / 94.68
Product Label
This product is suitable for investors who are seeking^:
*Investors should consult their financial advisers if in doubt |
Source for entire data stated above is ICRA Analytics Ltd. (For Disclaimer of ICRA Analytics Ltd, refer https://icraanalytics.com/home/disclaimer)
Disclaimer: This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. HDFC Bank Limited ("HDFC Bank") does not warrant its completeness and accuracy. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument / units of Mutual Fund. Recipients of this information should rely on their own investigations and take their own professional advice. Neither HDFC Bank nor any of its employees shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the information contained in this material. HDFC Bank and its affiliates, officers, directors, key managerial persons and employees, including persons involved in the preparation or issuance of this material may, from time to time, have investments / positions in Mutual Funds / schemes referred in the document. HDFC Bank may at any time solicit or provide commercial banking, credit or other services to the Mutual Funds / AMCs referred to herein.
Accordingly, information may be available to HDFC Bank, which is not reflected in this material, and HDFC Bank may have acted upon or used the information prior to, or immediately following its publication. HDFC Bank neither guarantees nor makes any representations or warranties, express or implied, with respect to the fairness, correctness, accuracy, adequacy, reasonableness, viability for any particular purpose or completeness of the information and views. Further, HDFC Bank disclaims all liability in relation to use of data or information used in this report which is sourced from third parties.
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