Mutual funds are one of the most popular investment tools in India.
Mutual funds are an investment tool where a fund manager pools money from different investors and invests those funds to buy securities. The returns earned from the securities are divided among different investors according to their investment portfolios.
Mutual funds are a great investment option for beginners as it can be done in two ways- Lump Sum and SIP.
Lump Sum Mutual Funds refer to investments made in bulk for a certain period. In contrast, SIP relates to monthly investments made for a certain period.
Both the above categories of mutual funds are highly reliable, but SIP is considered the most beginner-friendly type of investment. People can make lump sum investments with a bulk amount in their savings.
About Axis Bluechip Fund.
Axis Bluechip Fund is a Large Capital mutual fund scheme. The origin of the fund is the Axis Mutual Fund.
The Axis Bluechip Fund has been successfully present since 5th January 2010. Axis Bluechip Fund has Rs.36,871 Crores worth of assets under management (AUM) as per the data on 30/09/2022.
The objective of the Axis Bluechip Fund is to achieve long-term capital appreciation by investing in a diversified portfolio comprising equity and equity-related securities of Large Cap companies, including derivatives.
Axis Bluechip Fund is considered a medium-sized fund in its category. It has an expense ratio of 1.64%, which is more than the charges of other Large Capital funds. It is an open-ended fund which means that you can invest in the fund anytime.
Axis Bluechip Fund primarily invests its money in the Finance, Technology, Services, Automobile, and Materials sectors.
Axis Bluechip Fund’s top five holdings are ICICI Bank, Bajaj Finance, HDFC Bank, Avenue Supermarts Ltd., and Infosys Ltd.
The fund managers of Axis Bluechip Fund are Hitesh Das and Shreyash Devalkar. The risk of the fund is very high. The minimum SIP amount of Axis Bluechip Fund is Rs.100/-. The minimum investment amount for the first-time purchase is Rs.500/-. The minimum investment amount for additional purchases is Rs.100/-.
Growth of Axis Bluechip Fund
Axis Bluechip Fund has given 15.28% average annual returns since its launch. The fund has doubled the money invested in it every 6 yrs.
The annualized returns of Axis Bluechip Fund in three years are 12.06%, five years is 12.68%, and ten years is 14.46%.
The fund’s SIP returns of one year are 2.09%, three years is 11.82%, five years is 12.71%, and ten years is 13.44%.
Axis Bluechip Fund’s ability to deliver returns consistently is in-line with most funds of its category. However, the fund’s ability to control losses in a falling market is below average.
If you are looking for mutual funds that can give you higher returns in three to four years, then you can choose Axis Bluechip Fund. However, the performance of the Axis Bluechip Fund in the current scenario is deteriorating, especially when you compare it with similar Large Cap funds. Investors can look for a change or wait for fund returns to improve.