ICICI Prudential Bluechip Fund 2020 – Reviewed


ICICI Prudential Bluechip Fund Hindi, 2020- Amongst the largest and of the best mutual funds is the ICICI Prudential Bluechip Fund. This is an active fund, which aims to invest 80% of the total corpus in shares of companies with a large market capitalization., i.e. in the top 100 in terms of market capitalization. The funds strategy is to follow a benchmark hugging approach, which is stocks are diversified across sectors. Some of the facts of the ICICI Bluechip Fund are as follows: 1. Total Assets Under Management (AUM) on 31st March 2020 – Rs. 18,900 crores 2. Expense Ratio – 2.05% 3. NAV on 31st March 2020 – Rs. 31.79 4. NAV on 30th April – Rs. 36.23 5. Returns on ICICI Prudential Bluechip Fund a. 1 Year - -18.77% b. 3 Years – 0.10% c. 5 Years – 4.05% 6. Minimum investment – Rs. 100 7. Maximum investment – No Limit 8. Exit Load – 1% if sold within 1 year This ICICI Prudential Fund is taxed like equity. If units are sold within 1 year the gains are taxed at 15%. In case of sale after 1 year, gains are taxed at 10%. For more details about taxes on mutual funds, you may watch https://www.youtube.com/watch?v=RZDlswFBbJE. This fund is suitable for an investor with a moderate risk profile and looking to invest in shares of large cap companies. 


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