Is ICICI Prudential 100 MF is good, if I want to continue for 50 years through SIP?
50 years is too long a period and therefore, you can not invest in a fund and sit ideal. You need to review the scheme performance at least once every one or two year and ensure that the same is out-performing at least the category and benchmark returns.
This is very important in terms of getting the desired returns from your mutual fund investments.
With regards to ICICI Prudential Top 100 Fund, please note that it could not beat the category returns in the last 1,3 and 5 years time period. Therefore, the same may not be a right fit at this point in time for your very long investment objectives.
However, ICICI Prudential Focused Bluechip Fund is the right fit for your long term investment needs. It is one of the top performing schemes from the large cap category with long term out-performance track record of more than 9 years. The fund has also got very high rating from research agencies.
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