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ICICI Prudential US Bluechip Equity Fund

ICICI Prudential US Bluechip Equity Fund is an open-ended equity scheme primarily investing in select ‘Bluechip Companies’ listed on stock exchanges of the United States of America. It aims to bring you the benefit of investing in well established companies and targets growth, over a long term investment horizon.

Investment Philosophy

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. ICICI Prudential Asset Management Company Limited has tied up with Morningstar Equity Research Services - MERS (one of the largest equity research groups in the world) for research services to carefully select stocks that offer the best possible growth opportunities. The AMC intends to benefit from MERS’s expertise, efficiency, quality, a consistent and disciplined research approach.

Key Benefits

  • It seeks to strengthen your portfolio by investing in equity and equity related securities of market with low correlation to Indian markets.
  • It provides you access to established industries and global leaders that may not be available in India.
  • The US is a critical component of any broadly diversified asset allocation given the size and depth of its equity markets.
  • The fund allows you to buy shares in American companies in Rupees.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • An equity scheme investing predominantly in equity and equity related securities of companies listed on New York Stock Exchange and/or NASDAQ.
  • High risk.(BROWN)

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Note: Risk is represented as:


Key Features

Type

Open-ended Equity Scheme

Plans

Regular & Direct

Options

-

Default Option

Growth.
Under Dividend option - If sub-option not specified then Dividend Reinvestment.

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiples of Re.1)

Entry Load

Nil. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load

Up to 3 Months (including the last day of the third month) from the date of allotment - 3% of the applicable NAV, more than 3 Months but before 1 Year (including the last day of a year) from the date of allotment - 1% of the applicable NAV, more than 1 Year from the date of allotment – Nil

Redemption Cheques Issued

-

Minimum Redemption Amt.

Rs.500 (plus in multiples of Re.1)

Systematic Investment Plan

Monthly SIP: Rs. 1,000/- (plus in multiple of Re. 1/-), Minimum installments: 6. Quarterly SIP: Rs. 5,000/- (plus in multiple of Re. 1/-), Minimum installments – 4.

Systematic Withdrawal Plan

Not available


Fund Manager

US Portion - Mr. Ashwin Jain
India portion - Mr. Rohan Maru