Investing in mutual funds has become a popular long-term strategy for Indian investors. Systematic investment plans (SIPs), in particular, are favored for their disciplined approach. A noteworthy example is the ICICI Prudential Bluechip Fund, which has shown strong growth since its launch on May 23, 2008.
Impressive Growth with SIPs – ICICI Prudential Bluechip Fund
This large-cap mutual fund has delivered an annualized return of 15.92% since inception. For example, an investor who committed to a ₹12,000 monthly SIP from its launch date would see their investment grow to around ₹1.05 crore today, from a total contribution of ₹23.64 lakh. This result underscores the power of compounding and the benefits of a consistent, long-term investment strategy.
Investment Growth Breakdown
The fund’s performance through SIPs highlights its consistent growth:
- 1 Year: Investment of ₹1.44 lakh, with a corpus of ₹1.58 lakh.
- 3 Years: Investment of ₹4.32 lakh, reaching ₹6.07 lakh.
- 5 Years: Investment of ₹7.2 lakh, growing to ₹12.77 lakh.
- 10 Years: Investment of ₹14.4 lakh, building to ₹34.17 lakh.
- Since Inception (16 Years): Total investment of ₹23.64 lakh, resulting in a corpus of ₹1.05 crore.
The fund has outperformed its large-cap peers. Its ability to surpass the benchmark index (Nifty 100 TRI), which had a CAGR return of 12.56%, illustrates its strategic investment approach.
ICICI Prudential Bluechip Fund Highlights
As of now, the fund manages ₹66,206 crore in assets. It holds a diversified portfolio, including major companies like ICICI Bank, HDFC Bank, Reliance Industries, and Infosys. Managed by experienced professionals Anish Tawakley and Vaibhav Dusad, the fund caters to high-risk profiles, as indicated by its risk-o-meter.
Conclusion
Regular SIPs in the ICICI Prudential Bluechip Fund emphasize the benefits of compounding and disciplined investing. For those seeking long-term wealth creation, this fund offers a solid opportunity that balances tradition with performance.
Also, Read: What is Portfolio Overlap in Mutual Funds & How Can It Be Reduced?