Kotak Bluechip Direct Growth

About Kotak Bluechip Fund

Kotak Bluechip Fund, an open-ended equity fund, invests mainly in large market capitalisation segments across various sectors. The fund attempts to identify the companies that are relatively stable and selects stocks based on financial strength of companies, their reputation, liquidity, track record, and management strategies. It aims to generate long-term capital appreciation and the portfolio comprises equity and equity-related instruments from 50-59 companies.

Pros and Cons of Kotak Bluechip Fund

The one-year and three-year returns of the fund have been higher than the category average returns so far. However, the five-year return has been lower than that of the category average returns. Also, the risk-adjusted returns are lower than the category.

Fund Information and Statistics

i) Inception/Launch Date

Kotak Bluechip Fund was launched on 29 December 1998.

ii) Risk Level

Kotak Bluechip Fund comes with a moderately high risk profile since the fund invests in equity and equity-related instruments predominantly.

iii) Redemption

No lock-in period is applicable for the amount invested in the fund, making it convenient for you to redeem the fund units at any time. However, an exit load may be charged based on the time of redemption.

iv) Fund Manager

The current Fund Manager for Kotak Bluechip Fund is Mr Harish Krishnan.

v) Entry/Exit Load

Though entry load is not charged, an exit load is chargeable when you redeem/switch out the fund units. An exit load of 1% is charged on redemption/switch out of excess of 10% of the initial investment amount within a year from the date of allotment. After one year, no exit load is applicable.

About Kotak Mahindra Mutual Fund

Kotak Mahindra Mutual Fund registered with SEBI on 23 June 1998. The fund house offers around 94 different folios to its customers as on 30 June 2020. The sponsor for the fund house is Kotak Mahindra Bank Limited and the trustee company is Kotak Mahindra Trustee Co. Limited.