Axis Bluechip Fund Growth
Axis Bluechip Fund Growth4Morning Star
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Min amount: ₹500
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||8.88%|
|Kotak Mahindra Bank Ltd||8.36%|
|ICICI Bank Ltd||8.05%|
|Bajaj Finance Ltd||7.92%|
|Reliance Industries Ltd||4.97%|
|Avenue Supermarts Ltd||4.84%|
|Housing Development Finance Corp Ltd||4.74%|
|Asian Paints Ltd||4.11%|
|Bajaj Finserv Ltd||3.59%|
About Axis Bluechip Fund
The Scheme is an open-ended equity scheme predominantly investing in large cap stock. The investment objective of the Scheme is to achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives.
Pros & Cons of Axis Bluechip Fund
With a 7-year return of 14.86%, the fund has outperformed the benchmark index (12.33%) and the category average (12.21%). This Scheme has an impressive track record of out-performance. It emphasizes on quality and growth in its stock picks, favoring companies with improving cash flows and higher earnings visibility. While the Scheme tends to maintain a compact portfolio, it has cut down on the number of stocks sharply in recent times in response to the prevailing market conditions where only some select stocks are doing well. The fund has proven to a dependable offering in this category.
Fund Information and Statistics of Axis Bluechip Fund
i) Inception / Launch date
The Scheme was launched on 6 April 2005. HDFC Balanced Fund was merged into HDFC Premier Multicap (equity fund) and the resultant fund changed its name to HDFC Hybrid Equity Fund. The Scheme retains the fund manager, characteristics, strategy, risk, and suitability of HDFC Balanced Fund. HDFC Balanced Fund was a top performer in the balanced fund category.
ii) Risk level
The Riskometer of the Scheme is determined as “Moderately High”. The Scheme is suitable for investors who are seeking capital appreciation over long term.
Minimum redemption amount is Rs 1,000. Redemption proceeds are generally dispatched within 10 business days from the date of receipt of request.
iv) Fund Manager
The Scheme is currently managed by Mr. Shreyash Devalkar who is managing the Scheme since 23 November 2016. Mr. Devalkar has an experience of more than 5 years in equities markets as an Equity Research Analyst and he specializes in Information Technology, Telecommunication services, Industrials and Utilities sectors.
v) Entry / Exit load
For units in excess of 10% of the investment, 1% will be charged for redemptions within 1 year. Beyond 1 year, no exit load is charged.
About Reliance Mutual Fund
Axis Mutual Fund launched its first scheme in October 2009 and currently managing more than 50 schemes with over 20 lakh active investor accounts. Mr. Chandresh Kumar Nigam is the MD & CEO of the fund house. Axis bank Ltd holds 75% of stake and 25% of stake is held by Schroder Singapore Holdings Private Limited.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns