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18 March 2020

Why you Should Invest in Axis Bluechip Fund

The Axis Bluechip Fund is an open-ended equity fund that invests mostly in large-cap funds. The fund was launched on 5 January 2010. Mr. Shreyash Dewalkar manages the Axis Bluechip Fund. Axis Bluechip Fund is benchmarked for Nifty 50 total returns.

The Axis Bluechip Fund invests in a diversified portfolio to achieve capital growth over the long term. Axis Bluechip Fund invests mostly in equity and equity-related instruments. Axis Bluechip Fund comes with two options: Axis Bluechip Fund Growth and Axis Bluechip Fund Dividend. You can go for any of them, but the Axis Bluechip Fund-Growth Fund is more profitable than the Axis Bluechip Fund Dividend.

Axis Bluechip Fund has an asset size of Rs.4, 2221cr. The investment expense ratio for Axis Bluechip Mutual Fund is also low, which is 1.98%. The minimum Axis Bluechip Fund SIP is Rs. 1,000 and a lump sum for the Axis Bluechip Fund at Rs. 5,000.

Axis Bluechip Fund has 16.02 percent and 14.39 returns for the past three years and five years. The opening return of this fund is 11.95 percent. Since this fund invests in large-cap stocks, this risk is not as high as small-cap and mid-cap funds. When you redeem from your Axis Bluechip units within 365 days, you will be charged 1 percent.

Axis Bluechip Fund investment %

Axis Bluechip Fund has an investment of 82.08 percent in Indian stocks, 82.08 percent in large-cap stocks, 5.92 percent in debt, and 5.92 percent in low-risk securities. Investors looking for high returns should invest money for at least 3 to 4 years, but it also involves risk. So investors should be prepared for moderate losses.

Axis Bluechip Fund scheme detail:

  • Fund Manager- Mr. Shreyash Devalkar
  • AUM Size- Rs.4,221 cr. (29th March 2019)
  • Return Since Launch- 11.95%
  • Launch Date- 5th January 2010
  • Benchmark- NIFTY 50 Total Return
  • Expense Ratio- 1.98% (28th February 2019)
  • Risk- Moderately High
  • Tenure:-One year or seven months

If you redeem more than 10% of the investment, the exit load will be charged at 1% within 365 days.

Fund Performance       
With a 7-year return of 14.86%, the fund has surpassed the benchmark index (12.33%) and the category average (12.21%).

Why you should invest in Axis Bluechip Fund?

The fund has an outstanding outperformance track record. In its stock picks, it emphasizes quality and performance, prioritizing companies with better cash flow and higher earnings visibility. While the fund continues to maintain a compact portfolio, in recent times, it has sharply reduced the number of shares in response to current market conditions where only a select few stocks are doing well.

In some high-conviction bets, the fund manager is comfortable taking a broader position to achieve higher outperformance. The fund is more successful than its peers in reducing the downside. For a long time, this kept it in good standing; even he avoided matching peers during the market boom. The fund has proved to be a reasonable bid in this category.

Also Read: 5 Best Investment Plans for Children in India

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