I have started monthly SIP for Rs 2,000 for the next three years in ICICI Pru Focused Bluechip. How much will I get in return after five years?
Amarjeet Kaypee, Gurgaon
You are investing in a fund which is almost a decade old and has seen the bad and the good phase of the market. The fund has consistently done better than its benchmark, the Nifty 50. In the last one year, it posted 18.2 per cent returns and over the past five years it has posted 18.80 per cent, making it a consistently performing fund. You can continue investing in the fund for the three years that you are planning for. However, like every other equity diversified fund, the performance of this fund is also linked to the overall stock market performance and one cannot arrive at a specific return that it will earn in the next five years.
