Best SIP Funds to Invest Online
ICICI Prudential AMC has decided to change fundamental attributes of ICICI Prudential Focused Bluechip Equity Fund to comply with Sebi's re-categorisation norms for mutual funds. The scheme will be renamed as ICICI Prudential Bluechip Fund. The change will be effective from May 28.
The scheme has been categorised as an open-ended equity scheme, predominantly investing in largecap stocks. In its earlier avatar, the scheme was supposed to invest in equity and equity-related securities of about 20 companies, belonging to the largecap domain and the balance in debt securities and money market instruments.
The scheme will now invest a minimum 80 per cent of the corpus in equity and equity-related securities belonging to the largecap domain.
The scheme will now invest a minimum 80 per cent of the corpus in equity and equity-related securities belonging to the largecap domain.
It will invest the balance in equity and equity-related securities falling outside the largecap domain, as prescribed by Sebi or Amfi from time to time, and in debt securities and money market instruments. The scheme manages assets worth Rs 16,102 crore as on March 31.
What to do with ICICI Prudential Bluechip Fund ?
Technically, there is no change in the scheme. Only the name has changed. We advise investors to hold back and continue with the scheme
Technically, there is no change in the scheme. Only the name has changed. We advise investors to hold back and continue with the scheme
The scheme continues to be a largecap category. This scheme had a provision which allowed the fund manager to increase the number of stocks beyond 20 if the assets of the fund grew beyond Rs 1,000 crore. This limit was crossed many years ago. The scheme on an average had 47 stocks in its portfolio in the the past three years.
Scheme has attractive performance record. It is not a very aggressive fund and aims to deliver returns which are two-three per cent above Nifty returns and the fund has been doing that very well. Unless your financial goals have changed, you need not do anything to your investments in ICICI Prudential Focused Bluechip Equity Fund
Sebi has issued a circular on categorisation and rationalisation of open-ended mutual fund schemes in October 2017. To ensure uniformity among the schemes belonging to the same category, Sebi mandated largecap schemes to invest minimum 80 per cent of total assets in largecap companies. Largecap companies have been defined as top 100 companies in terms of market capitalisation.
SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich - Best ELSS Funds
For more information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300
OR
You can write to us at
Invest [at] SaveTaxGetRich [dot] Com
Popular Posts
-
Buy Gold Mutual Funds Invest Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Call 0 94 83...
-
Invest Birla Sun Life Debt Funds Online Scheme The Average Maturity Of Complete Portfolio YTM Mark to Mkt Modified ...
-
Bajaj Allianz Life has launched Young Assure, a non-linked, participating plan to help people fund their children's education....
-
Buy Gold Mutual Funds Invest Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 83...
-
Birla Sun Life Mutual Fund has announced dividend under the dividend option of Birla Sun Life MNC Fund. The quantum of dividend shall b...
-
Invest Mutual Funds Online Download Mutual Fund Application Forms Buy Gold Mutual Funds Gold Savings Funds An int...
-
Top SIP Funds Online The government of India has paved the way for the launch of India's first corporate bond ETF called as Bharat B...
-
Top SIP Funds Online Mirae Asset Focused Fund (MAFF ) is a new fund from the stable of Mirae Asset Mutual Fund. It is an open-ended ...
-
Buy Gold Mutual Funds Invest Mutual Funds Online Download Mutual Fund Application Forms Call 0 94 8300 8300...
-
Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Ca...
Posts
0 comments:
Post a Comment