Axis Bluechip Fund is an open-ended equity fund which mostly invests in large-cap funds. This fund was launched on 5th January 2010. Axis Bluechip Fund is managed by Mr. Shreyash Devalkar. The benchmark of Axis Bluechip Fund is NIFTY 50 Total Return.
Why Axis Bluechip Fund?
Axis Bluechip Fund invests in a diversified portfolio to generate long term capital growth. Axis Bluechip Fund mostly invests in equity and equity-related instruments. Axis Bluechip Fund comes with two options Axis Bluechip Fund Growth and Axis Bluechip Fund Dividend. You can go for any of them but Axis Bluechip Fund Growth is more profitable than Axis Bluechip Fund dividend. The asset size of Axis Bluechip Fund is Rs.4,2221cr. The expense ratio is also low for Axis Bluechip Mutual Fund which is 1.98%. The minimum Axis Bluechip Fund SIP is Rs. 1,000 and the minimum investment for Axis Bluechip Fund lump sum is Rs. 5,000.
The last three years and five years return of Axis Bluechip Fund is 16.02% and 14.39. Return from the launch of this fund is 11.95%. As this fund invests in equity large-cap the risk is not as high as small-cap and mid-cap funds. If you redeem from your Axis Bluechip Fund within 365 days 1% redemption will be charged.
Axis Bluechip Fund has 82.08% investment in Indian stocks of which 82.08% is in large cap stocks, 5.92% in debt and other 5.92% is in low risked securities. Investors who are looking for high returns they can invest money at least for 3 to 4 years but there is also risk involved. So investor should be ready for moderate losses.
Axis Bluechip Fund
- Fund Manager- Mr. Shreyash Devalkar
- Expense Ratio- 1.98% (28th February 2019)
- Launch Date- 5th January 2010
- Benchmark- NIFTY 50 Total Return
- Risk- Moderately High
- AUM Size- Rs.4,221 cr. (29th March 2019)
- Return Since Launch- 11.95%
Top 10 holdings of Axis Bluechip Fund
| S.No. | Name of Holding | Net Assets (%) |
| 1 | Clearing Corporation of India Ltd | 11.1 |
| 2 | HDFC Bank Limited | 9.55 |
| 3 | Bajaj Finance Limited | 8.41 |
| 4 | Kotak Mahindra Bank Limited | 7.64 |
| 5 | Tata Consultancy Services Limited | 7.61 |
| 6 | Infosys Limited | 7.03 |
| 7 | National Bank For Agriculture and Rural Development (08/03/2019) ** # | 5.92 |
| 8 | ICICI Bank Limited | 4.46 |
| 9 | Avenue Supermarts Limited | 4.07 |
| 10 | Hindustan Unilever Limited | 3.3 |
Top 5 holdings of Axis Bluechip Fund
| S.No. | Name of Holding | Net Assets (%) |
| 1 | Bank – Private | 23.95 |
| 2 | IT – Software | 15.93 |
| 3 | Miscellaneous | 11.05 |
| 4 | Finance – NBFC | 8.41 |
| 5 | Miscellaneous | 5.92 |
Performance
| 1-Year | 3-Year | 5-Year | 10-Year | |
| Fund | 14.77 | 16.02 | 14.39 | – |
| S&P BSE Sensex 50 TRI | 15.65 | 17.23 | 13.57 | – |
| Category | 12.7 | 14.87 | 12.94 | – |
| Rank within Category | 45 | 25 | 9 | – |
| Number of funds in category | 91 | 76 | 62 | – |
As on Apr 01, 2019
