Icici prudential bluechip fund direct-growth (₹ 120. 29) - nav, reviews & asset allocation - the economic times

About ICICI Prudential Bluechip Fund Direct-Growth 1. ICICI Prudential Bluechip Fund - Direct Plan is Open-ended Large Cap Equity scheme which belongs to ICICI Prudential Mutual Fund House.

2. The fund was launched on Jan 01, 2013. Investment objective & Benchmark 1. The investment objective of the fund is that " The scheme seeks to generate long term capital

appreciation and income distribution to investors from a portfolio that is predominantly invested in equity and equity related securities of large cap companies. " 2. It is benchmarked

against NIFTY 100 Total Return Index. Asset Allocation & Portfolio Composition 1. The asset allocation of the fund comprises around 92.49% in equities, 1.6% in debts and 5.91% in cash

& cash equivalents. 2. While the top 10 equity holdings constitute around 50.21% of the assets, the top 3 sectors constitute around 48.21% of the assets. 3. The fund largely follows a

Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies. Tax

Implications on ICICI Prudential Bluechip Fund Direct-Growth 1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment. 2.

For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax. 3. Gains of more than Rs. 1 lakh will be

taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG). 4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed

according to his/her respective tax slabs. 5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.