ICICI PRU BLUECHIP: The biggest offering in its category, this large-cap fund emphasises on individual stock selection for outperformance rather than taking bold sector calls. It avoids the ‘growth at reasonable price segment and prefers a mix of ideas from two opposing themes. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
In 2023, the large-cap funds have drawn the maximum investment with total AUMs (assets under management) amounting to Rs 2,76,639 crore, as per AMFI data.
"Investing in mid and small cap segments may be a risky proposition given the elevated valuations. Therefore, from an investment perspective, one can look for names/ assets which are relatively cheap or fairly valued in this market," says S Naren, ED & CIO, ICICI Prudential AMC.
"Globally, inflation and elevated interest rates were a major cause of worry in 2023, but the worst seems to be behind us," says S Naren, ED & CIO, ICICI Prudential AMC.
Following Sebi s recent order to use uniform nomenclature for tax saving mutual funds, prominent ELSS have changed their names to help investors in identifying schemes in the same league.