ICICI Prudential US Bluechip Equity Fund
Direct · GrowthAI Summary
ICICI Prudential US Bluechip Equity Fund has delivered strong SIP XIRR across horizons, with 15.27% over 3Y and 15.69% over 10Y. It has dramatically outperformed NIFTY 50 on a lump-sum basis, with 10Y Fund CAGR of 17.17% versus the benchmark's 10.33%. However, against its category peers, the fund trails on longer horizons, with 3Y XIRR of 15.27% versus the category average of 16.16% and 5Y XIRR of 15.61% versus 17.43%.
The fund operates with very low correlation to Indian markets, evidenced by a 10Y Beta of just 0.21 versus NIFTY 50, making it a genuine diversifier. Risk-adjusted returns are attractive, with Calmar ratios consistently above 0.60 across all horizons and strong positive alpha of 9.86% over 10Y. Investors should note that the fund faced 9 drawdown events exceeding 10%, reflecting the inherent volatility of US equity markets.
The fund invests in US bluechip stocks, providing Indian investors indirect exposure to global mega-cap companies and currency diversification against the rupee. As a US-focused equity fund, its portfolio is concentrated in the American market, which behaves differently from Indian equities as shown by the near-zero beta to NIFTY 50. Specific top-holding and sector breakdowns are not provided in the available data, so stock-level concentration cannot be assessed here.
Within the sectoral/thematic category, the fund sits below average on recent SIP returns, with 1Y XIRR of 18.55% ahead of the peer average of 10.55% but 5Y and 10Y XIRR trailing category averages by roughly 1.8 and 0.7 percentage points respectively. Calendar year returns show reasonable consistency, with only one negative year (2022: -6.9%) in the last 14 years. Its long-term 12Y XIRR of 15.32% is close to the category average of 15.77%, indicating it remains broadly competitive over extended periods.
This fund suits investors seeking international diversification who already hold a core Indian equity portfolio and want low-correlation US bluechip exposure. A horizon of at least 5-7 years is appropriate, given currency and market cycles that can cause multi-year underperformance versus domestic funds. It is suitable for investors with moderate-to-high risk tolerance, as sectoral/thematic funds carry regulatory risk limits and overseas funds can face volatility from currency movements.
- Very low beta to the NIFTY 50 (0.21 over 10Y) with strong alpha of 9.86%, making it an effective diversifier for an Indian portfolio
- Consistent long-term SIP XIRR of 15%+ across all horizons from 1Y (18.55%) to 12Y (15.32%)
- Strong risk-adjusted returns with Calmar ratio consistently above 0.60 across all time horizons
- Trails category average SIP XIRR over 3Y (15.27% vs 16.16%), 5Y (15.61% vs 17.43%), 7Y (16.15% vs 16.59%), and 10Y (15.69% vs 16.43%)
- Nine drawdown events exceeding 10% highlight meaningful drawdown risk, and performance is vulnerable to US market cycles and INR-USD currency swings
Generated on 03-11-2026, 4:35 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.85 L | 16.1% | -28.1% | 53.4% |
| 3 Years | ₹36.00 L | ₹44.38 L | 15.1% | 1.0% | 29.9% |
| 5 Years | ₹60.00 L | ₹87.06 L | 15.7% | 5.7% | 24.3% |
| 7 Years | ₹84.00 L | ₹1.47 Cr | 16.1% | 8.0% | 20.7% |
| 10 Years | ₹1.20 Cr | ₹2.71 Cr | 15.7% | 11.8% | 17.3% |
| 12 Years | ₹1.44 Cr | ₹3.81 Cr | 15.3% | 12.1% | 16.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 16.1% | 14.3% | 10.6% | +1.8% |
| 3 Years | 15.1% | 11.0% | 16.2% | +4.1% |
| 5 Years | 15.7% | 10.4% | 17.4% | +5.4% |
| 7 Years | 16.1% | 10.6% | 16.6% | +5.6% |
| 10 Years | 15.7% | 11.4% | 16.4% | +4.2% |
| 12 Years | 15.3% | 11.3% | 15.8% | +4.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.1% | 15.2% | -15.4% | 61.7% | 0.86 | 2.96 | 94% | — | — |
| 3 Years | 15.2% | 15.1% | 5.5% | 27.5% | 2.21 | 347.27 | 100% | — | — |
| 5 Years | 15.5% | 15.4% | 8.4% | 22.0% | 3.64 | — | 100% | — | — |
| 10 Years | 15.2% | 15.2% | 12.5% | 17.4% | 9.57 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +14.70 | 0.02 | 10.8% | -14.6% | 20.8% | -10.9% |
| 3 Years | +14.59 | 0.06 | 19.7% | -7.8% | 21.1% | 6.4% |
| 5 Years | +6.70 | 0.14 | 24.3% | 7.5% | 13.0% | 5.2% |
| 7 Years | +8.99 | 0.26 | 27.0% | 9.9% | 16.4% | 10.0% |
| 10 Years | +9.86 | 0.21 | 24.4% | 5.4% | 17.2% | 10.3% |
| 12 Years | +7.99 | 0.22 | 24.5% | 7.7% | 15.0% | 9.0% |
| 15 Years | +8.12 | 0.19 | 22.0% | 3.6% | 15.2% | 9.4% |