ICICI Pru US Bluechip Equity Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 28, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
ICICI Pru US Bluechip Equity Fund Direct Growth Plan is at ₹89.1 NAV as of 09 Sep 2026, with an AUM of ₹4,070 Cr. Its 1-year, 3-year and 5-year returns are 17.98%, 15.67% and 12.91%, and the scheme is tagged High Risk.
Our view is that the fund has delivered a steady longer-run outcome, but the latest short-term trend is softer than its 1-year figure alone suggests. The portfolio is built around overseas equities and a small cash buffer, so it may suit investors who want global large-cap exposure and can tolerate sharp swings.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹89.1 as of 09 Sep 2026 |
| AUM | ₹4,070 Cr |
| Expense Ratio | 1.17% |
| Launch Date | 02 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 1M, Nil after 1M |
| Fund Managers | Ritesh Lunawat, Sharmila Dsilva, Nitya Mishra, Venus Ahuja |
The fund is managed by Ritesh Lunawat, Sharmila Dsilva, Nitya Mishra and Venus Ahuja.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.88% | -4.06% |
| 3M | 6.54% | 1.37% |
| 1Y | 17.98% | -7.31% |
| 3Y | 15.67% | 6.07% |
| 5Y | 12.91% | 5.91% |
The one-month path has been weak, but it was still better than the benchmark over the same stretch. The three-month trend has recovered more strongly, which tells us the fund has been able to rebuild momentum after a softer patch.
Over 1 year, the fund has clearly stayed ahead of the benchmark, while the index has been negative. That gap matters because it shows the portfolio has not simply ridden a broad market tailwind; it has added return even when the benchmark was under pressure.
The 3-year and 5-year figures both point to a healthier long-term pattern than the benchmark. The longer horizon is important here because the fund has shown enough resilience to keep compounding above the index, even though its recent month-to-month path remains choppy.
We would read this as a fund that can produce stronger medium- to long-term results than the benchmark, but not in a straight line. Investors need to be comfortable with short periods of weakness if they want the longer-term pattern to play out.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD ICICI Pru US Bluechip Equity?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding ICICI Pru US Bluechip Equity? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| ICICI Pru US Bluechip Equity Fund Direct Growth Plan | 17.98% | 15.67% | 12.91% |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 73.94% | 37.12% | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 29.94% | Data not available | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 29.26% | Data not available | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 28.3% | Data not available | Data not available |
| SBI Automotive Opportunities Fund Direct Growth Plan | 27.13% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On 1-year return, the fund trails the strongest peer figures in this set, although it still shows a positive result at a time when some broader exposures have been more volatile. The longer-term picture is more balanced: its 3-year and 5-year returns are solid, but a few peers with available multi-year figures have posted materially higher 1-year and 3-year outcomes on narrower themes.
That said, the peer table also tells a different story for patience. Several peer schemes have missing longer-horizon figures, so the current fund’s 3-year and 5-year records are more useful for judging consistency than the short-term numbers alone. Our view is that the comparison favours the fund more on durability than on recent burst performance.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Net Current Assets | Cash & Cash Equivalents and Net Assets | 4.65% |
| Microsoft Corp | Overseas Equities | 2.72% |
| Estee Lauder Cos Inc | Overseas Equities | 2.55% |
| Danaher Corp | Overseas Equities | 2.53% |
| The Clorox Company | Overseas Equities | 2.52% |
| LPL Financial Holdings Inc | Overseas Equities | 2.47% |
| Broadridge Financial Solutions | Overseas Equities | 2.46% |
| Constellation Brands Inc | Overseas Equities | 2.44% |
| Tyler Technologies Inc | Overseas Equities | 2.42% |
| Zimmer Biomet Holdings Inc | Overseas Equities | 2.41% |
The top 10 holdings account for approximately 27.17% of the portfolio.
To see all holdings, visit the ICICI Pru US Bluechip Equity Fund Direct Growth Plan page
The largest disclosed holding is Net Current Assets at 4.65%, which is not a dominant single-position bet. The next nine holdings are clustered tightly between 2.41% and 2.72%, so the visible list does not show a steep drop after the first line item.
That pattern suggests the portfolio may be spread across a fairly broad set of overseas equities rather than relying on one or two outsized positions. At the same time, the top 10 disclosed holdings together account for 27.17% of the portfolio, and the full disclosed list runs to 61 holdings, so the fund appears to keep a longer tail beyond the visible leaders.
For investors, that combination can mean moderate concentration in the lead holdings but not an overly compressed structure. The overseas equity focus is still the key feature, and individual global names may have greater influence than a diversified domestic scheme would typically show.
Source data date: as of 09 Sep 2026
Who should invest
This fund suits investors who can handle High Risk exposure and who are willing to stay invested for several years. The 1-year result is strong, but the shorter-term path has still been uneven, so it is better matched with a patient horizon than with short holding periods.
The main trade-off is between the possibility of better medium- to long-term compounding and the chance of sharper interim swings. Compared with the benchmark, the fund has shown stronger return delivery across 1-year, 3-year and 5-year periods, and its overseas-heavy portfolio means the ride may feel different from a typical domestic equity scheme.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% if units are sold on or before 1 month; no exit load after 1 month.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of ICICI Pru US Bluechip Equity Fund Direct Growth Plan?
Its current NAV is ₹89.1 as of 09 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 17.98% over 1 year, 15.67% over 3 years and 12.91% over 5 years.
How has it performed versus the benchmark?
It has outpaced the benchmark across 1-year, 3-year and 5-year periods. The benchmark returns are -7.31%, 6.07% and 5.91% for those same horizons.
How does it compare with the peer funds listed here?
Its 1-year return is lower than several peer funds in the comparison set, but its 3-year and 5-year figures give a steadier long-term picture. Some peers show very strong recent gains, though several do not have longer-horizon figures available.
What is the minimum SIP amount?
The minimum SIP amount is not stated here, so we do not include one.
Who manages the fund and what is the exit load?
The fund is managed by Ritesh Lunawat, Sharmila Dsilva, Nitya Mishra and Venus Ahuja. The exit load is 1% if units are sold on or before 1 month, and there is no exit load after 1 month.
Bottom line
ICICI Pru US Bluechip Equity Fund Direct Growth Plan has a stronger longer-term record than its benchmark, while the recent month has been softer and more uneven. In the peer set shown here, its return profile is less aggressive than some recent themes, but it looks steadier on the longer horizon. The High Risk tag and overseas-equity focus mean investors need comfort with volatility, yet the portfolio’s broad spread across many holdings may help reduce dependence on any one stock.
Published on 11 September 2026 at 10:04 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.