Indiabulls Blue Chip Fund Gr
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|Risk||Moderately High risk|
|Exit Load||1% for 7 Days|
More about this fund
|Reliance Industries Ltd||11.09%|
|HDFC Bank Ltd||9.69%|
|Tata Consultancy Services Ltd||8.4%|
|Housing Development Finance Corp Ltd||7.19%|
|ICICI Bank Ltd||5.82%|
|Axis Bank Ltd||4.46%|
|Hindustan Unilever Ltd||4.43%|
|Larsen & Toubro Ltd||4.34%|
|Bajaj Finance Ltd||3.85%|
|Yes Bank Ltd||3.78%|
About Indiabulls Blue Chip Fund
Being an open-ended equity fund, the scheme seeks to generate long term capital appreciation from a portfolio comprising predominantly of equity related securities and equity of blue chip large cap companies.
Pros and Cons of Indiabulls Blue Chip Fund
This product is suitable for those who are seeking:
- Long term capital appreciation.
- Opportunity to invest in well-diversified portfolio of blue chip stocks.
- Notably, the Assets Under Management are only 4.74 crores.
Fund Information and Statistics of Indiabulls Blue Chip Fund
i) Inception/ Launch date
The Indiabulls Blue Chip Fund was launched on 10 February 2012, by Indiabulls Mutual Fund.
ii) Risk level
With the fluctuation in the price/ interest rates/value of the securities of the scheme, the value of the investment may go up and down. The scheme does not assure a fixed rate of return. The NAV of the units issued under this scheme can get affected due to the various forces and factors of the capital markets. This fund carries moderately high risk.
The dispatch of redemption proceeds occurs within 10 business days from the date of receipt of the redemption request.
iv) Fund Manager
Mr. Sumit Bhatnagar is the fund manager of Indiabulls Blue Chip Fund since 17 December 2012.
v) Entry / Exit load
The entry load is NIL. The exit load of 1% is applicable if units are redeemed within 1year from the date of allotment of the units.
Tax benefits of investing in Indiabulls Blue Chip Fund
The Short-term capital gains tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains, in excess of Rs 1 Lakh, are taxed at 10% without indexation if redeemed after one year. 10% tax will be deducted at source for dividends.
About Indiabulls Mutual Fund
Indiabulls Housing Finance Limited as sponsor and Indiabulls Trustee Company Ltd as Trustee, have established Indiabulls Mutual Fund. This fund house is a SEBI registered mutual fund. The mutual fund by making strategic investments in secured instruments at a portfolio level tries to achieve consistent risk adjusted returns.
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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