Axis Mutual Fund is one of the leading asset management company in India. Almost all Axis schemes have good performance track record, of which we are discussing about Axis Bluechip Fund- A Large Cap Fund which invests primarily in bluechip stocks(Large Companies)
Fund Details–
- Launch Date- January 5th,2010(Regular Plan), 1st January,2013(Direct Plan)
- Minimum Investment- 5000 rupees (lumpsum)
- Minimum sip investment-500 rupees
- Minimum Additional Investment-100 rupees
- Fund Manager- Shreyash Devalkar( Since 2016, November 23rd)
- Benchmark- Nifty 50 Total Return Index
- Assets under Management-33,154 crores(as on September 30)
- Expense Ratio-0.46%(Direct Plan),1.58%(Regular Plan)
- Exit Load- If redeeemed within 1 year from the date of units allotment, 1% would be charged
- Fund Returns since launch-14.44%(Regular Plan),18.44%(Direct Plan)
- Scheme’s Top 10 Holdings- Bajaj Finance, HDFC Bank, Infosys, ICICI Bank,Avenue Supermarkets, Tata Consultancy Services,HDFC, Reliance Industries,Divi’s Laboratories, Kotak Mahindra Bank
Scheme Performance-(For Both Direct and Regular Plans)-
| Year To Date | 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1Year | 3 Year | 5 Year | 7 Year | 10 Year | |
| Benchmark | 33.71 | 0.92 | 3.21 | 5.59 | 15.83 | 28.03 | 57.40 | 21.87 | 17.54 | 14.48 | 15.29 |
| Direct Plan Performance | 28.92 | 0.93 | 3.52 | 4.98 | 16.16 | 28.98 | 53.68 | 25.62 | 20.76 | 17.10 | N.A |
| Regular Plan Performance | 27.70 | 0.93 | 3.51 | 4.88 | 15.84 | 28.21 | 51.84 | 24.10 | 19.26 | 15.71 | 17.14 |
Though Axis Bluechip fund outperforms its benchmark in the long run, it’s recent performance has dipped to certain extent(You may check the returns from the past 1 year, it underperforms its benchmark).
Consult your financial advisor to decide to invest in this scheme or not!
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