ICICI Prudential US Bluechip Equity Fund

ICICI Prudential US Bluechip Equity Fund is managed by Atul Patel and Avinash Jain. The scheme seeks to provide long term capital appreciation by primarily investing in equity and equity related securities (including ADRs/GDRs issued by Indian and foreign companies) of companies listed on New York Stock Exchange (NYSE) and/or NASDAQ. This is a newly launched fund in this category, investors can skip this fund for a better performing fund in this category.

Where does ICICI Prudential US Bluechip Equity Fund invest your money?

The fund follows a stock selection strategy that comprises a combination of both a top down and bottom up approach, without any sector preference. The Scheme will invest in securities of large cap companies that are part of S&P 500 listed on NASDAQ and NYSE.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home purchase
How has ICICI Prudential US Bluechip Equity Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in July 2012, your value of investments would be around Rs 1.02 lakhs. The performance has been similar to that of the other mutual funds in this category. 

Assume you had invested Rs 10,000 every month in it through SIP since inception today you would have just around Rs 1.08 lakhs..

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within 3 months from the date of allotment an exit load of 3% is charged while if units are sold after 3 months but within a year from the date of allotment than an exit load of 1% is charged. No exit load applies for units withdrawn post one year. Expense ratio of ICICI Prudential US Bluechip Equity is 3.02%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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