ICICI Pru US Bluechip Equity

About ICICI Prudential US Bluechip Equity Fund

The ICICI Prudential US Bluechip Equity Fund is an open-ended equity scheme. It seeks to provide long-term capital appreciation to investors by primarily investing in equity and equity-related instruments of companies which are listed on recognized stock exchanges in the United States of America. It also invests in American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) issued by Indian foreign companies.

Pros & Cons of ICICI Prudential US Bluechip Equity Fund

1. The scheme invests in large-cap companies which may be a part of the S&P 500 Index. Further, it follows a blended approach of value and growth investing while choosing stocks to build its portfolio.
2. As on September 30, 2018, the scheme is ranked 3 under CRISIL’s Sectoral/ Thematic Fund category.
3. Further, it has generated returns of 9.6% per years over the last 5 years (as on January 09, 2019). However, the returns in the last six months have been negative (-3.48%).

Fund Information and Statistics of ICICI Prudential US Bluechip Equity Fund

i) Inception / Launch date

The scheme was launched on 06 July 2012 by ICICI Prudential Mutual Fund.

ii) Risk level

According to the investment objective and asset allocation of the scheme, it has a High risk-level associated with it.

iii) Redemption

The minimum redemption amount is Rs. 500. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager

The Fund Managers of the ICICI Prudential US Bluechip Equity Fund are: 1. For the US portion – Ms. Priyanka Khandelwal (since June 2017) 2. For the India Debt portion – Mr. Rohan Maru (since September 2013)

v) Entry / Exit load

There is no entry load in this scheme. The exit load structure is as follows: 1. If the units are redeemed after the completion of 1 year from the date of allotment of the said units, then the exit load = Nil 2. If the units are redeemed after 3 months but before the completion of 1 year from the date of allotment of the said units, then the exit load = 1% of the applicable NAV 3. If the units are redeemed within the period of 3 months (including the last day of the third month) from the date of allotment of the said units, then the exit load = 3% of the applicable NAV

Tax benefits of investing in ICICI Prudential US Bluechip Equity Fund

The following taxes are applicable to income arising from investing in this scheme: 1. STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab. 2. LTCG component is taxed at 20% with indexation benefits.

About ICICI Mutual Fund

ICICI Prudential Balanced Advantage Fund is managed by ICICI Mutual Fund AMC, one of India’s largest Fund houses with a proven track record of delivering returns. The fund has been on the forefront of financial innovation leading to a well-diversified portfolio of around 47 mutual fund products, across equity and debt.