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2 Profitable Mutual Fund SIPs, Given Returns Upto 92.48%, 5 Star Rated By Morningstar

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A bluechip mutual fund manager is entitled to invest at least 80% in the large-cap (large market capitalization) company stocks, as per rules set by the SEBI. On the other hand, an emerging fund means it is a large and mid-cap investment fund. This article will discuss the portfolios of 2 mutual fund SIPs, 5 star rated by a renowned rating agency - Morningstar.

 

1. Mirae Asset Emerging Bluechip Fund - Direct Plan

1. Mirae Asset Emerging Bluechip Fund - Direct Plan

Mirae Asset Emerging Bluechip Fund's NAV stood at Rs. 54.62, and its fund size is Rs. 21971.72 Crore. The Expense ratio is 0.68%, and the category average is 1.07%. Mirae Asset Emerging Bluechip Fund mutual fund's absolute returns of SIP are have been best in the long-term, as it is a bluechip investment. In the last 1 year return stood at 17.98%, in the last 2 years it has fetched 54.78% returns, in the last 3 years it has fetched 70.35% returns, and in the last 5 years, it has fetched 92.48% returns. Additionally, in the past 2 years, the Mirae Asset Emerging Bluechip Fund's annualized returns of SIP stood at 48.33%.

Mirae Asset Emerging Bluechip Fund's Equity Holding is 99.75%, and 0.25% in other sectors. This fund's Large Cap Investments are 45.53%, Mid Cap Investments are 28.4%, Small Cap Investments are 9.52%, 16.33% investments are allocated in other funds for good returns.

2. Axis Bluechip Fund – Growth
 

2. Axis Bluechip Fund – Growth

Axis Bluechip Fund's NAV stood at Rs. 48.09, and its fund size stood at Rs. 34583.67 Crore. The Expense Ratio is 1.67%, while the category average is 2.27%. Axis Bluechip Fund mutual fund's absolute returns of SIP are quite lucrative. In the last 1 year return stood at 12.89%, in the last 2 years it has fetched 35.56% returns, in the last 3 years it has fetched 45.76% returns, in the last 5 years it has fetched 67.14% returns, and in the last 10 years, it has fetched 147.5% returns. Additionally, in the past 2 years, the Axis Bluechip Fund's annualized returns of SIP stood at 32.23%.

The top 5 equity holdings of the fund are, Infosys Ltd., Bajaj Finance Ltd., ICICI Bank, Avenue Supermarts Ltd. (Retailing), and Tata Consultancy Services Ltd. This fund's Large Cap Investments are 80.29%, Mid Cap Investments are 1.85%, 11.98% in other funds, and no investment in the Small Cap stocks. Axis Bluechip Fund's Equity Holding is 92.68%, and F&O Holding is 1.44%.

Performance Comparison

Performance Comparison

Both of these 2 funds have been rated with 5 star by reputed rating agency Morningstar. Although the Mirae Asset Emerging Bluechip Fund has given better returns in the past years; the Axis Bluechip Fund has a higher fund size. It says, that the latter fund can give you a better assurance regarding liquidity. However, Mirae Asset is quite a well-established fund, and this too has a good liquidity score. On the other hand, Mirae Asset Emerging Bluechip Fund is a lower-Expense Ratio, which means the fund can fetch you better profitability.

(Also read: This Flexi-cap SIP Mutual Fund Has Given Upto 100.45% Returns In 5 Years)

 

 

Disclaimer

Disclaimer

Investing in equities/mutual funds/SIPs poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article.

(Data mentioned as on January 14, 2022)

Story first published: Sunday, January 16, 2022, 6:04 [IST]
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