POSTED BY August 30, 2013 11:57 am COMMENTS (5)ON
I have check performance of ICICI Prudential US Bluechip Fund on Moneycontrol site & it looks impressive. They are mainly investing in top IT Companies listed in New York market.
How is this fund for long term investment?
As Rupee is going down against Dollar, is this good time to invest in this fund?
Thanks in advance…
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5 replies on this article “ICICI Prudential US Bluechip Fund”
Thanks… But why service sector is good… performance of service sector is also depends on the US Market…
current time , try to invest in service sector , icici prudential services industries fund is 1 of the good MF
you may like to have different view here :http://www.valueresearchonline.com/story/h2_storyview.asp?str=23461
Thanks Ashal… So this gain is just because of Dollar value against Rupee…
Dear Amit, actually this is not the right time to invest in any outside India fund. The depreciating rupee ‘ll create a paper profit even within few days but when the currency tide ‘ll turn or for that matter rupee recovers from 68 to 60 level, all the actual profits earned by your MF there in America ‘ll become negative return for you. That’s the impact of cross currency fluctuations.