Dear San Yad,
Many thanks for the valuable insights. I use Valueresearch Online ratings as the basis of my judgements and decision making. VROL is widely used by many experts and investors and typically serves as the benchmark.
Though moneycontrol has ratings attached, personally I don't use the same as the right yardstick to measure the performance.
Coming to ICICI Focussed Bluechip, I didn't publish my reasons before which I am collecting below:
- Performance: Performance wise, I do agree with you that it has delivered decent returns over the period of existence.
- Ratings: VROL has not rated this as compared to my original suggestion of IDFC Imperial equity (5 star rated)
- Tenure: ICICI Bluechip has been around for only 10 quarters. Interesting part is which 10 quarters. A glance at the results sheet shows that H2 2008 is when they have started delivering results which was in the peak of the bear phase. Hence, there is a high likelihood that they got a lot of good stocks at great discounts.
Not discounting their perofmrnace, they have delivered some good numbers in these 10 quarters as compared to their peers (for ex: IDFC Imperial Equity). However, I would wait for one cycle of bull - bear atleast followed by bull to know how the fund is managing the investments.
Personally for me, I would rather wait for stabilization and look at the returns delivered in a bull phase and then take a call. Currently, there is a lot of volatility and would love to watch it before investing.
To end, the suggestion is my personal feeling and something that one analyses. I would like to reiterate that the choice of investment along with the associated risk and downside lies entirely with the investor. I believe this forum is to bounce off ideas and the suggestions should be taken as a point of reference and not something cast in stone.
Happy Investing !!
