ICICI Prudential Bluechip Fund

Anish Tawakley and Rajat Chandak jointly manage this fund. The investment team is remarkably large and collaborative, comprising 10 research analysts and 12 portfolio managers. The portfolio managers ply a benchmark-conscious strategy, and sector weightings are aligned to those of the IISL Nifty 100 Index, subject to a deviation of plus or minus 5%. Hence, the top-down approach has little relevance. They use the in-house large-cap model portfolio as the initial reference point when choosing stocks. Although the managers also use the firm’s internal fair value approach and the alpha alert, the model portfolio remains the most important part of the security-section process. Within a sector, the managers perform business analysis to identify the best ideas. In addition, they use free cash flow/enterprise value ratio (three-year average) as an appropriate parameter, along with...