March 28, 2026
RA Jainee
ICICI Prudential US Bluechip Equity Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 85.48 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 85.47 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | S&P 500 TRI |
| AUM Rs. | 3,693 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.14% |
| 1 Year Return (%) | 17.15 |
| 3 Year Return (%) | 16.59 |
| 5 Year Return (%) | 12.91 |
| 10 Year Return (%) | 15.55 |
| Return Since Launch | 16.29% |
⚖️ Sahifund Review – ICICI Prudential US Bluechip Equity Fund ✔
PLUS: Stability, track record, cost efficiency
ICICI Prudential US Bluechip Equity Fund stands out as a credible international diversification option with a solid long-term track record, having delivered over 15% CAGR across 10 years. The fund has shown strong return consistency, especially over the 1-year and 3-year period, making it relevant for investors seeking exposure to the US equity market. Its portfolio offers access to global bluechip businesses and innovation-led sectors, which can strengthen portfolio diversification beyond Indian equities. With 60-stock diversification, the fund avoids excessive single-stock concentration risk. The scheme is also SIP-friendly with just Rs. 100 minimum SIP, making global investing accessible for retail investors. Backed by the credibility of ICICI Prudential Mutual Fund, it suits investors looking for geographical diversification and dollar-linked growth opportunities over the long term.
MINUS: Large AUM, large-cap bias, momentum lag
The biggest drawback is its high expense ratio of 1.14%, which is on the expensive side compared to passive international alternatives and FOF options. The fund also carries a high turnover of 71%, indicating a relatively active strategy that may not always translate into superior alpha. Since it is a US large-cap focused fund, upside may remain moderate compared to more aggressive Nasdaq or thematic global funds during strong tech rallies. Over the 5-year period, returns are respectable but not category-leading, especially when compared with high-growth US-focused alternatives like Nasdaq-linked funds. Currency movements can also significantly impact investor returns, adding an extra layer of volatility beyond market performance. Investors should remember that this is a diversification fund, not a fast-return fund, and near-term performance may fluctuate sharply with US market cycles and Fed policy.
Sahifund View (Decisive Line):
A strong SIP-worthy international diversification fund, best suited as a satellite allocation, but not the ideal choice for investors chasing aggressive global alpha.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
International funds are suitable for investors:
1. Seeking exposure in shares of foreign companies for diversification
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The investment objective of ICICI Prudential US Bluechip Equity Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies listed on recognized stock exchanges in the United States of America. The Scheme shall also invest in ADRs/GDRs issued by Indian and foreign companies.
Fund Manager:
1) Nitya Mishra
Education: Ms. Mishra has done B.Tech, MBA (Finance) and CFA
Experience: Prior to joining ICIC Prudential Mutual Fund, she has worked with SBI Capital Markets and CRISIL Ltd.
2) Ritesh Lunawat
Education: Mr. Lunawat is B.Com and Chartered Accountant.
Experience: He has been Working with ICICI Prudential AMC Since September 2013.
3) Sharmila D’Silva
Education: Ms. D’Silva is CA and BAF
Experience: She joined ICICI Prudential AMC Limited in September 2016.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 30 days |
Basic Details of ICICI Prudential US Bluechip Equity Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 16.29% |
| Benchmark | S&P 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 3,693 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.14% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 71.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru US Bluechip Equity Dir | -0.52 | 0.54 | -2.92 | -0.69 | 7.86 | 17.15 | 16.59 | 12.91 | 16.09 | 15.55 |
| BSE 500 TRI | -9.26 | 0.79 | -8.00 | -7.84 | -7.54 | 7.32 | 15.26 | 12.93 | 13.68 | 14.53 |
Peer Comparison of ICICI Prudential US Bluechip Equity Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ICICI Pru US Bluechip Equity Dir | Unrated | 17.15 | 16.59 | 12.91 | 1.14 | 3,693 | 16.29 | 1.00 (30) | 13Y 2M | 71.00 |
| Nippon India US Equity Opportunities Dir | Unrated | 9.42 | 20.14 | 10.85 | 1.25 | 703 | 14.10 | 1.00 (30) | 10Y 7M | 4.00 |
| Nippon India Taiwan Equity Dir | Unrated | 127.96 | 48.84 | — | 1.04 | 520 | 24.48 | 1.00 (90) | 4Y 3M | 66.00 |
| Franklin Asian Equity Dir | Unrated | 32.91 | 16.03 | 4.06 | 1.60 | 427 | 9.07 | 1.00 (365) | 13Y 2M | 58.76 |
| Motilal Oswal Nasdaq 100 FOF Dir | Unrated | 20.65 | 28.96 | 17.97 | 0.22 | 5,882 | 23.33 | 1.00 (15) | 7Y 3M | — |
Portfolio Analysis of ICICI Prudential US Bluechip Equity Fund
| No. of Stocks | 60 |
| Top 10 Stocks | –% |
| Top 5 Stocks | –% |
| Top 3 Sectors | 66.36% |
| Portfolio P/B Ratio | 4.51 |
| Portfolio P/E Ratio | 24.81 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 5,10,276 | 32,35,398 |
| Giant (%) | — | — |
| Large (%) | — | 85.36 |
| Mid (%) | — | 14.64 |
| Small (%) | — | — |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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