ICICI Prudential Mutual Fund Top Equity Scheme: In the Equity Largecap Mutual Fund category, in terms of assets under management i.e. total assets (AUM), there is one scheme whose total assets have exceeded Rs 60 thousand crores. In terms of AUM, this is the top scheme of the large cap mutual fund category. The name of this scheme is ICICI Prudential Bluechip Fund.
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What is the total assets (AUM)
According to the data given on AMFI, the total asset under management of this fund is Rs 64,962.98 crore. Overall, it is included in the top 5 schemes in terms of AUM in every category. Due to the strong assets of this fund, investors have confidence in it. For this reason, the track record of giving returns of this scheme is also very strong. The benchmark of this fund is NIFTY 100 Total Return Index. In this scheme, lump sum investment can be made from at least Rs 100 and SIP can be done from at least Rs 100.
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1 crore made from SIP of Rs 10 thousand
ICICI Prudential Bluechip Fund was launched on 23 May 2008. 16 years of SIP have been completed in this fund. In 16 years, this fund has given 16.82 percent annualized return to SIP investors. In this scheme, if someone has done a monthly SIP of Rs 10 thousand with an upfront investment of Rs 1 lakh, then now the value of his investment has increased to around Rs 98 lakh.
SIP return in 16 years: 16.82% per annum
Monthly SIP: Rs 10,000
Upfront investment: Rs 1 lakh
Value of SIP in 16 years: Rs 97,73,831
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lump sum investment returns
Launch date: May 23, 2008
Returns since launch: 15.63% per annum
What did those who invested Rs 1 lakh get at the launch: Rs 10.25 lakh
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Top Holdings
ICICI Prudential Bluechip Fund mainly invests in financial, energy, utilities, industrial, technology, consumer and auto sectors. These are included in the top stocks.
ICICI Bank
Reliance Ind
Larsen & Toubro
HDFC Bank
Infosys
Maruti Suzuki
Axis Bank
Bharti Airtel
Ultratech Cement
Sun Pharmaceutical
Hero MotoCorp
(Source: Amfi, value research)
(Note: It is not guaranteed whether the past returns in any equity fund will continue or not. This may or may not continue in the future. There are risks in the market, so seek expert advice before investing.)