ICICI Pru Technology Fund – Direct Growth

ICICI Prudential Mutual Fund offers a large-cap mutual fund scheme called the ICICI Prudential Bluechip Fund Direct-Growth. This fund has existed for ten years, having been established on January 1, 2013, and is now managed by Sharmila D’mello, Anish Tawakley, and Vaibhav Dusad. The fund invests 92.78% of its assets in domestic equities, of which 78.64% are in Large Cap companies, 4.78% are in Mid Cap stocks, and 0.3% are in Small Cap stocks. Government securities account for 0.43% of the fund’s debt holdings.

The scheme aims to provide long-term capital appreciation and income distribution for participants via a portfolio that is primarily invested in equity and equity-related instruments of big-size businesses. However, there is no assurance or guarantee that the investing goal of the Scheme will be accomplished.

Pros & Cons

Who should invest in the ICICI Prudential Bluechip Fund?

ICICI Prudential Bluechip fund may help investors achieve financial success if they want to invest money for at least 3 to 5+ years. Capital appreciation could be used by investors to help their kids with life’s major expenses like weddings, college tuition, etc. In addition to building wealth, the investor may use this money to eventually retire comfortably. However, these investors must also be prepared to sustain a little loss.

What are the benefits of investing in the ICICI Prudential Bluechip Fund?

There are several benefits of ICICI Bluechip funds, such as:

Investment with acceptable risk

The returns from the ICICI Bluechip Fund are protected against market fluctuations. The fund only backs firms with solid track records and balance sheets, giving its investors peace of mind. The fund’s focus is on financially stable businesses with strong cash flow. Investors in the IDCW plan are supported by the fund house’s selection of firms that provide generous dividends. A liquidity crisis may be avoided thanks to the fund’s efforts.

Credibility

Due to the fund’s continuous performance in terms of returns and risk management without risking its capital, the typical investor is confident in the fund’s long-term performance. There has been a fund established to meet the demands of investors for more than a decade.

Cross-sector investing

The fund makes investments across a wide range of industries without favouring anyone in particular. The fund’s holdings include banks, fintech firms, software service providers, motorcycle manufacturers, utilities (including electric and gas companies), telecommunications providers, chemical product producers, and more. Risks associated with a downturn in the industry are well-mitigated thanks to the portfolio’s diverse stock holdings.

Asset allocation mantra

An important portion of the assets of the open-ended ICICI Prudential Bluechip Fund is invested in stocks and stock derivatives. For regular and reliable returns regardless of the state of the economy, the fund also employs futures that may protect against inflationary and deflationary trends.