ICICI Prudential Bluechip Fund: There are many ways for investment. But which one will prove more profitable and sustainable for a long-term investment? Today we’re talking about an years-old investment plan that was launched in 2008 and has been given an average of 15.92% annual return.
What if someone invest 12,000 per month?
Investing Rs 12,000 monthly for a year in the mutual fund scheme would result in an increase of the corpus to Rs 1.58 lakh from an initial investment of Rs 1.44 lakh. Likewise, an investment of Rs 4.32 lakh would have grown to Rs 6.07 lakh over a 3-year period if an investor had put in Rs 12,000 every month. According to the AMC’s portal, investing Rs 12,000 monthly for 5 years would result in Rs 12.77 lakh, using only Rs 7.2 lakh.
ICICI Prudential Bluechip Fund came into existence in May 2008. This fund has now been in existence for a total of 16 years. Since its inception, this large-cap scheme has provided a 15.92 percent annual return. Had an investor consistently put in Rs 12,000 per month since the scheme started, the total investment would have grown from Rs 23.64 lakh to Rs 1.05 crore.
Similarly, if an investor had invested Rs 12,000 every month for 10 years, the total investment would have increased by Rs 14.40 lakh to approximately Rs 34.17 lakh. The scheme was launched on May 23, 2008. Its assets under management (AUM) are Rs 66,206 crore. Its main constituents are ICICI Bank, HDFC Bank, L&T, Infosys, RIL, Maruti Suzuki, Bharti Airtel, Axis Bank, UltraTech Cement, Sun Pharma and Hero MotoCorp. The fund managers of this scheme are Anish Tawakale and Vaibhav Dusad.
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