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Why This Equity Mutual Fund Scheme Is The Best In Its Category?

Sunil Fernandes
·2-min read

Axis Bluechip Fund has a "5star" rating from Crisil and Value Research. Morning Star, which also provides great information on Mutual funds has also accorded the Axis Bluechip Fund a "5 star rating". This is probably the best from institutions tracking mutual funds closely.

Why Axis Bluechip Fund is the best in its category?

The one and probably the only criteria that every investor looks for is the returns. This is where Axis Blue Chip Fund scores over peers. The fund has been consistently generating higher returns, which may have largely to do with its portfolio.

The fund has generated a 3 year annualized returns of nearly 9 per cent, while the 5-year returns are placed at 10.63 per cent. This is much better than what most largecap equity funds have generated.

A monthly SIP of Rs 10,000 per month would have generated a returns of Rs 3.92 lakhs currently. One can start an SIP under Axis Mutual Fund with a small sum of Rs 1,000 every month.

Solid portfolio

The returns from Axis Bluechip has been superior largely on account of its portfolio. Among the top holdings of the fund include names like HDFC Bank, Infosys, Bajaj Finance, Reliance Industries, Kotak Mahindra Bank etc.

The portfolio is geared towards offering higher returns in the medium term. The NAV under the growth plan is Rs 30.13, while under the dividend plan is Rs 14.65.

The NAV has fallen from peak levels seen in the month of Jan, 2020. For those looking at a longer term investment period of 5 years or so, the Axis Bluechip Fund is a good bet.

Disclaimer

Goodreturns.in has taken utmost care in compilation of data for the article. The views and investment tips expressed by author or employees of Greynium Information Technologies, should not be construed as investment advise to buy or sell mutual fund units. Investors should certainly not take any trading and investment decision based only on information discussed in the article.

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