ICICI Prudential Focused Bluechip Equity Fund

Type or nature of fund

This is an open ended focused bluechip equity fund

Investment objective

The objective of this fund is to build wealth over a longer period through a portfolio that is diverse. The investments done through this fund go for the buy and hold approach. The investments can also be made in large cap companies that have a good overall track record in terms of growth and quality. It even pegs its indicative investment horizon at at least 5 years.

Fund information

Fund manager(s)

Manish Gunwani

• Education: B.Tech from IITChennai and PGDM from IIM-Banglore
• Past experience:
• Senior Fund Manager – ICICI Prudential AMC Ltd.
• Head-India operations - Vicisoft Technologies Pvt. Ltd
• Sr. Analyst - Lehman Brothers
• Head – Midcap Team - Brics Securities
• Analyst (portfolio management) - Lucky Securities
• Co-founder - Vicisoft Technologies Pvt. Ltd
• Research Analyst – SSKI
• Other funds managed
• ICICI Prudential R.I.G.H.T. (Rewards of Investing and Generation of Healthy Tax Savings) Fund
• ICICI Prudential Balanced Advantage Fund – Equity Portion
• ICICI Prudential Equity Savings Fund Series 1
• ICICI Prudential Growth Fund – Series 1
• ICICI Prudential Growth Fund – Series 3
• ICICI Prudential Growth Fund – Series 7

Investment philosophy or strategy

The investment philosophy of this fund is to go in for a bottom up approach while giving the fund manager the freedom to select stocks from any sector.

Portfolio – Top 10 holdings

Risk measures

Performance

Returns

Expert view of the fund

This is a fund meant for wealth creation that can be done largely through investments in large cap companies. It has also, in the past, invested in some mid-cap companies and the returns that it has given since inception are in the range of 15.7% which is a return that is 6.2% higher than the returns given by its benchmark CNX Nifty. For investments that are made under SIP the ideal duration for investments can be 3 years and the investment can be made with the idea of leaving it in place for at least 5 years. There has been little to no change in the basic strategy applied to the management of this fund and it has consistently outperformed the benchmark.

How to apply

There are two ways to apply for the ICICI Prudential Focused Bluechip Equity Fund. The first is the offline method and the second is the online method. With the offline method investors can approach ICICI Prudential offices to get the application forms and submit them after having spoken to the representatives about the fund. This procedure can also be applied to investing in the fund through certified distributors of the fund. Payments for the offline option are allowed through cheques and demand drafts.

The online method is designed for convenience and quick investments where, both existing and new, investors can log into the site, provide their basic details, choose the fund the fund and then invest in it. The payments for investments through the online option can be made via NEFT/RTGS or through, debit cards and net banking.