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3 Best Bluechip Funds For SIP In 2021 Based On 5-Star Rating of Value Research
After Sectoral/Thematic Funds, large-cap funds have recorded the second-highest portfolio value of 1,13,85,481 among Growth and Equity Oriented Schemes. According to the monthly report of AMFI, large-cap funds have a Net Assets Under Management of Rs 2,18,332.30 Cr and an average Net Assets Under Management of Rs 2,17,576.75 Cr for the month of September 2021. During the market surge, equity investors may look at bluechip funds, which are large-cap funds that are mandated by SEBI to invest at least 80% of their capital in the stocks of the top 100 companies by market capitalization. This suggests that investors with long-term financial goals of more than 5 years with conservative risk tolerance capacity and who are not willing to accept high-risk volatility bets such as mid-cap and small-cap funds, can start their SIP in large-cap funds for relatively less volatile or risk-adjusted returns. So, here are three bluechip funds that have achieved a 5-star rating from Value Research and have delivered massive gains over the previous year.
Axis Bluechip Fund Direct Growth
It is an open-ended equity fund that invests mostly in large-cap stocks and was established by the fund house Axis Mutual Fund in 2013. According to the figures of the fund house, Axis Bluechip Fund Direct Plan-Growth returns over the previous year have been 54.34 percent, and it has provided 18.02 percent average annual returns since its inception as of September 30, 2021.
The fund's expense ratio is 0.48 percent, which is comparable to the other funds in the same category. The fund's top 5 equity allocations are the Financial, Technology, Services, Healthcare, and Construction sectors. Bajaj Finance Ltd., HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., and Tata Consultancy Services Ltd. are the fund's top five holdings.
The fund's Net Asset Value (NAV) was Rs 52.96 as of October 22, 2021, and its Asset Under Management (AUM) is Rs 33,153.71 Cr as of September 30, 2021. Systematic Investment Plan (SIP) can be started with as little as Rs 500, and the fund imposes a 1% exit load if units worth more than 10% are redeemed within a year of the investment date.
| Period | Annualised(%) | Nifty 50 TRI Benchmark(%) | S&P BSE SENSEX TRI Additional Benchmark(%) |
|---|---|---|---|
| Since inception 01 Jan 2013 | 18.02% | 14.61% | 14.98% |
| 5 Years | 19.64% | 16.81% | 17.60% |
| 3 Years | 22.27% | 18.58% | 19.03% |
| 1 Year | 54.34% | 58.54% | 56.96% |
| Data as of September 30, 2021. Source: axismf.com |
Canara Robeco Bluechip Equity Fund Direct Growth
It is a large-cap mutual fund scheme from Canara Robeco Mutual Fund, and the fund's 1-year returns are 56.01 percent, and it has provided 16.50 percent average annual returns since its debut. The financial, technology, energy, construction, and healthcare sectors account for the majority of the fund's equity exposure. Infosys Ltd., HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., and Housing Development Finance Corpn. Ltd. are the fund's top five holdings.
The fund has an expense ratio of 0.35% and an exit load of 1%. As of October 22, 2021, the fund's Net Asset Value (NAV) was Rs 47.13, and its Asset Under Management (AUM) was Rs 4701 Cr as of September 30, 2021. With a minimum amount of Rs 100, you can begin a systematic investment plan (SIP).
| Period | Canara Robeco Bluechip Equity Fund - Dir - Growth | Scheme Benchmark (S&P BSE 100 TRI) | Additional Benchmark (S&P BSE Sensex TRI) |
|---|---|---|---|
| CAGR since Inception | 16.50 % | 14.70 % | 14.90 % |
| 1 Year | 56.01 % | 58.92 % | 56.96 % |
| 3 Year | 23.19 % | 18.51 % | 19.03 % |
| 5 Year | 18.78 % | 16.54 % | 17.60 % |
| Data as of September 30, 2021. Source: canararobeco.com |
Mirae Asset Emerging Bluechip Fund Direct Growth
It's an open-ended equity fund with a 2010 launch date that invests in both large and mid-cap companies. The fund invests 35-65 percent of its capital in the top 100 large-cap companies and 35-65 percent in the top 250 mid-cap companies, according to the market capitalization.
Mirae Asset Emerging Bluechip Fund Direct-Growth returns over the last year have been 67.88 percent, with an average annual return of 26.11 percent since its inception, according to the date of Groww. The fund's top 5 equity allocations are allocated across the Financial, Healthcare, Technology, Automobile, Energy sectors. HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Infosys Ltd., and State Bank of India are the fund's top five holdings.
The fund has an expense ratio of 0.68% and a minimum SIP can be started from Rs 1000. The fund's Net Asset Value (NAV) was Rs 108.81 as of October 22, 2021, and its Asset Under Management (AUM) was Rs 21,263.17 Cr as of September 30, 2021.
3 Best Bluechip Equity Funds In 2021
| Funds | 1 mth returns | 6 mth returns | 1 Yr returns | 3 Yr returns | 5 Yr returns | Since inception |
|---|---|---|---|---|---|---|
| Axis Bluechip Fund | 1.13% | 26.58% | 50.71% | 25.93% | 19.96% | 18.05% |
| Canara Robeco Bluechip Equity Fund | 2.01% | 25.25% | 52.33% | 26.77% | 18.87% | 16.68% |
| Mirae Asset Emerging Bluechip Fund | 3.07% | 30.18% | 67.88% | 30.71% | 21.58% | 26.11% |
| Source: Groww |
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