With Major Holding In Banking Stocks, This Bluechip Fund Given 18.40% Annualised Returns In 2-Years

Updated: Friday, July 15, 2022, 18:17 [IST]

Stock trading, also known as share trading, is a great way to make money. Stock trading and equity investing are very similar. However, the main distinction is that in stock trading, you buy and sell stocks on a stock exchange, whereas in equity investing, you buy shares directly from companies or individual shareholders.

This bluechip fund, Axis Bluechip Fund we highlighted here is an equity fund with promising returns over the years. The fund outperformed the benchmark on long-term investment, particularly 3-5 years. This fund is good for investing in the long term as it has offered good returns on long-term investments.

Axis Bluechip Fund

This 12-year-old Bluechip Fund From the house of Axis Mutual Fund is a Large Cap Equity Mutual Fund launched on 05 January 2010.

This fund is rated 2-star by CRISIL and 5-star by Value Research, respectively. It is a highly risky open-ended equity mutual fund. The benchmark of this fund is S&P BSE 100 TRI.

Under the fund's Direct Plan Growth Option, its Assets Under Management (AUM) is Rs 32322.11 crore. Its Net Asset Value (NAV) declared on 14th July 2022 is Rs 44.72. While the expense ratio is 0.44%. It is worth noting that the find's expense ratio is less than the category average expense ratio which is 1.07%.

This mutual fund scheme aims to generate long-term capital growth by investing in a diversified portfolio predominantly consisting of equity & equity-related instruments of large-cap companies.

Investment

To begin investing in this fund, investors can opt for two ways, lump-sum and SIP. For Lump sum investing, the minimum amount required is Rs 5000, whereas, for investing via SIP, the minimum amount required is Rs 500. Fund also allows additional investing, for that the minimum amount required is Rs 100.

This fund doesn't have any lock-in period, however, it charges 1% for redemption for units in excess of 10% of the investment within 365 days or 1 year.

Annualised Returns

The fund has given negative returns in 1 year on both Lump-sum and SIP investments.

Lump-Sum Investment Returns

Since its inception, the fund under the Direct Plan Growth option has given 14.52% annual average returns.

1-Year	2 Year	3 Year	5 Year
-4.40%	18.40%	12.39%	13.15%

SIP Investment Returns

1-Year	2 Year	3 Year	5 Year
-9.18%	2.63%	15.08%	33.51%

Portfolio

As mentioned this is an equity large cap equity mutual fund, with a major holding, around 86.43% in domestic equities. Out of these equity investments in domestic equities, 74.07% are in large-cap, 2.05% in mid-cap and 2.45% in small-cap stocks, respectively.

It has a major holding in the financial sector followed by technology, service, energy, healthcare, materials, automobile, construction, communication, Consumer staples, consumer discretionary, and diversified.

Major holding in equity includes ICICI Bank, Bajaj Finance, Infosys, HDFC Bank, Avenue Supermarts, Tata Consultancy Services, Reliance Industries, Kotak Mahindra Bank, Bharti Airtel, HDFC, Larsen & Toubro, Ultratech Cement, Divis's Laboratories, Asian Paints, Bajaj Finserve, and few others.

Disclaimer

Mutual funds investment are subject to market. Read all scheme related documents carefully before investing. Greynium Information Technologies, and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.