One such scheme is ICICI Prudential Focused Bluechip Equity. One of the factors that works in the scheme's favour is its consistency in performance. This has been the hallmark even after its leading fund manager Manish Gunwani quit the fund house. Fund managers S Naren and Rajat Chandak have been managing the consistency in its performance quite well. In the past three-year and five-year periods, the scheme has delivered 13 per cent and 17 per cent returns, while its benchmark index Nifty50 has given 10 per cent and 14 per cent returns in the same period, respectively.

This consistency in performance can be attributed to the fact the scheme follows its benchmark index quite closely. Considering this, it is quite evident the scheme has high weight to financial services companies. In the past six months, the fund managers have enhanced exposure to companies which have not participated in the rally of the past one year but hold the promise of strong earnings' growth.