When it comes to diversifying your portfolio among shares of companies having a strong or large market capitalization while also having a long successful track record, Bluechip funds are an excellent place to start your SIP since they are low-volatile and may offer high returns and consistent dividends if invested for long term. Bluechip equity funds are a good choice if you want to protect your money against the bear market, inflation, and economic downturns. They provide consistent returns for investors, making them worthwhile investments.
Large-cap mutual funds are mandated by the Securities and Exchange Board of India (SEBI) to diversify a minimum of 80% of their funds in stocks of the top 100 companies by market capitalization, consequently investing in blue-chip funds is prudent. For conservative investors who have a personal financial goal of more than 5 years, here we have picked up the top 3 bluechip funds that can be a part of your portfolio for diversification in order to avoid risk and volatility when the market can be in a deplorable situation.
Mirae Asset Emerging Bluechip Fund Direct Growth
This Large & MidCap mutual fund was launched by the fund house Mirae Asset Mutual Fund in the year 2013. According to Value Research, Mirae Asset Emerging Bluechip Fund Direct-Growth returns over the last year have been 64.09 percent, with an average annual return of 25.84 percent since its debut. The fund has an expense ratio of 0.69%, which is less than other funds in the same category.
The fund has its equity sector allocation across the Financial, Healthcare, Technology, Automobile, Energy sectors. ICICI Bank Ltd., HDFC Bank Ltd., Axis Bank Ltd., Infosys Ltd., and State Bank of India are the fund's top five holdings. As of 20th September 2021, the fund has a Net asset value (NAV) of Rs 104.71, and the asset under management (AUM) of the fund is Rs 20,615.27 Cr. The fund charges an exit load of 1% if units are withdrawn within 1 year of investment and one can start SIP in this fund with a minimum amount of Rs 1000.
Canara Robeco Bluechip Equity Fund Direct Growth
In the year January 2013, this large Cap mutual fund was launched by the fund house Canara Robeco Mutual Fund and thus the fund has been in existence for the past 8 years. Canara Robeco Bluechip Equity Fund Direct-Growth returns in the previous year were 52.07 percent, according to Value Research, and it has generated 16.51 percent average annual returns since its inception. The expense ratio of the fund is 0.46 percent, which is comparable to that of most other funds in the same category.
The fund has its equity allocation across the Financial, Technology, Energy, Construction, Healthcare sectors and HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., Reliance Industries Ltd., Housing Development Finance Corpn. Ltd. are the fund's top 5 holdings. The fund's Net Asset Value (NAV) is Rs 45.91, and its Asset Under Management (AUM) is Rs 4,271.67 Cr as of September 20, 2021. If units are redeemed within one year of purchase, the fund charges a 1% exit load, and it is possible to start a SIP with a minimum of Rs 1000 in this fund.
Axis Bluechip Fund Direct Plan Growth
In a weakening market situation, the Axis Bluechip Fund Direct Plan-Growth scheme's potential to generate good returns is superior to other funds in its category. According to Value Research, Axis Bluechip Fund Direct Plan-Growth returns over the last year have been 51.41 percent, with an average annual return of 17.99 percent since commencement. The fund's expense ratio is 0.46 percent, which is comparable to the expense ratio charged by most other funds in the large cap category.
The fund's top equity allocation is diversified across Financial, Technology, Services, Healthcare, Construction sectors Bajaj Finance Ltd., Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., and Tata Consultancy Services Ltd. are the fund's top five holdings. As of September 20, 2021, the fund's Net Asset Value (NAV) is Rs 51.96 and its Asset Under Management (AUM) is Rs 32,212.63 Cr. The fund has a 1% exit load if units are liquidated within 12 months of investment, and it is allowed to start a SIP with a minimum of Rs 500 in this fund.
Best Bluechip Funds In 2021
Based on past performance and high ratings, here are the top performing bluechip funds that can be a part of your portfolio in 2021.
|Funds||1-month returns||6-month returns||1-year returns||3-year returns||5-year returns||Rating by Value Research||Rating by CRISIL||Rating by Morningstar|
|Mirae Asset Emerging Bluechip Fund Direct Growth||5.53%||24.38%||64.09%||25.36%||22.01%||5 star||1||5 star|
|Canara Robeco Bluechip Equity Fund Direct Growth||5.49%||20.09%||52.07%||22.09%||18.45%||5 star||1||5 star|
|Axis Bluechip Fund Direct Plan Growth||6.56%||21.66%||51.41%||21.11%||19.37%||5 star||2||5 star|
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