3 Top Rated Bluechip Mutual Funds That Gave Up To 27% Annualised Return In 3 Yrs

In the context of the equity market, we frequently hear the terms bluechip stocks and bluechip mutual funds. A bluechip stock is typically defined by its pedigree and performance over time, rather than its high returns. Bluechip mutual funds are mutual funds that invests in bluechip stocks. These are large-cap funds that invest the majority of their assets in stocks of well-established companies listed on the Indian stock exchange also known as bluechip stocks. These funds are regarded as among the safest equity investments, with a strong track record of dividend payments.

Top Rated 5 Bluechip Funds Given Highest Return in 3 Years Annualized Returns (In %)

Name of Fund	1-Month	3-Months	6-Months	1-Year	3-Years	5-Years	7-Years	10-Years
Mirae Asset Emerging Bluechip Fund	-3.38	-6.25	-4.32	-1.92	27.7	14.8	18.85	22.68
ICICI Prudential Bluechip Fund	-3.77	-5.02	-0.01	3.07	26.85	12.13	14.81	14.72
Kotak Bluechip Fund	-4.41	-4.96	-1.91	2.17	25.5	12.44	13.93	14

Note - The Annualised returns are considered under the "Direct Plan-Growth" of the funds.

Courtesy - Value Research

1. Mirae Asset Emerging Bluechip Fund

The fund has delivered 27.70% annualised return in 3 years on lump-sum investments. The fund has been rated 5-star by rating agency Value Research. It is the majority of holding, around 99.78% in equity and the rest 0.22% in debt instruments. In terms of top investments in sectors, the fund has major exposure to Financial (28.15%), Energy (9.3%), Automobile (9.06%), Technology (7.96%), and Healthcare (7.92%). The top holdings include HDFC Bank (5.95%), ICICI Bank (4.91%), Axis Bank (4.27%), Reliance (3.80%) and SBI (3.21%).

2. ICICI Prudential Bluechip Fund

In three years, the fund delivered a 26.78% annualised return on lump-sum investments. Value Research has awarded the fund a 4-star rating. It is the majority of the holding, with approximately 93.83% in equity, 5.75% in Cash & Cash Equivalent, and the remaining 0.42% in debt. Financial (28.03%), Energy (12.97%), Technology (1.83%), Automobile (7.85%), and Construction (7.31%). The fund's top 5 holdings include ICICI Bank (9.341%), Reliance (8.02%), HDFC Bank (7.08%), Infosys (6.65%), Larsen & Toubro (6.55%).

3. Kotak Bluechip Fund

The fund has delivered a 25.50% annualised return in past three years on lump-sum investments. Value Research has rated the fund 5-star, however, it is a very risky fund for investments. In terms of asset allocation, the fund has invested a majority of around 98.55% in equity, and the rest 1.45% in Cash & Cash Equivalent instruments. The fund has major exposure to the following 5 holdings, which include Financial (27.88%), Technology (13.99%), Automobile (11.59%), Consumer Staples (9.83%) and Energy (9.46%). Whereas the fund has major, the top 5 holdings are in ICICI Bank (7.07%), HDFC Bank (6.54%), Reliance (6.14%), Infosys (5.66%), and ITC (4.01%).

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.