These days we have several analysts rating equity mutual fund schemes, but, the premier ones remain Value Research, CRISIL and Morningstar.
All are known to rate equity mutual funds on stringent parameters. CRISIL for example has been rating mutual funds since the year 2000, based on global parameters. Morningstar on the other hand is a global player, which is known to adopt best practices wherein rating mutual funds. Value Research too has an impeccable track record on mutual funds.
Canara Robecco Bluechip Fund: A Favourite Of Most Analysts
Canara Robecco Bluechip Fund, a largecap equity mutual fund scheme has been rated as "5-star" by Morningstar, Crisil and Value Research. To get a "5-star" rating from all three in the large cap space is a pretty rare feat.
The fund is promoted by from the Canara Robecco Mutual Fund which is managed by Shridatta Bhandwaldar and Vishal Mishra.
This has been a consistent performer with a solid portfolio, prompting all of the three to rate it 5-star in the largecap category. CRISIL for many quarters has now rated it 5-star, in fact, data from CRISIL, shows that Canara Robecco Bluechip Fund has been rated 5-star Sept 2019.
Canara Robecco Bluechip Fund is not a very large fund when compared to peers and has assets under management of Rs 3,300 crores as on June 30, 2021. Thus fund now has a track record of 11 years.
Solid returns Canara Robecco Bluechip Fund
An amount of Rs 1,000 invested every month over the last 36 months by way of SIP would have today fetched more than Rs 51,000. The fund has generated a returns of 47% in the last 1-year, while the 3-year returns is 17% and the 5-year returns is 16.84% on an annualized basis.
Being a large cap fund the investment objective of the fund is to provide capital appreciation by predominantly investing in companies having a large market capitalization. The top 10 stocks form almost 50% of the portfolio and include names like HDFC Bank, ICICI Bank, Infosys and Reliance Industries. The expense ratio of the fund is also reasonable with the direct plan having an expense ratio of just 0.42%.
Should you buy the Canara Robecco Bluechip Fund?
It really depends on your own outlook for the stock markets. With the Nifty fast approaching the 16,000 points mark, you ask yourselves, how much of an upside on the markets is left.
There honestly is not much steam left in the markets. This means if you put lumpsum in the markets, you can be in trouble if the markets fall. Therefore it would be only sensible for you to put money in the Canara Robecco Bluechip Fund by way of Systematic Investment Plans or SIPs as they call it. We at goodreturns.in are strongly against folks putting large sums of money by way of lumpsum. So tread with discretion as we all know discretion is a better part of valour.
About the author:
Sunil Fernandes, the author of the article is a stock market expert and has spent about 27 years covering stock markets and mutual funds. He has worked with various publications including Hindustan Times, Deccan Herald, Oman Economic Review and Dalal Street Investment Journal. He was also engaged in equity research analysis.
We know that mutual funds are subject to market risks, so be careful. Invest in the scheme above only if you are able to bear losses. Greynium Information Technologies and the author should not be held liable for any losses suffered on account of the decisions based on the above article. Please consult a professional advisor as markets have gone-up substantially.