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Axis Bluechip mutual fund review: Superior risk-return profile

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ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

HOW THE FUND HAS PERFORMED

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WHERE THE FUND INVESTS

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BASIC FACTS

  • Date of launch: 1 May 2010
  • Category: Equity
  • Type: Large Cap
  • AUM(As on 30 November 2021): Rs 33,519 crore
  • Benchmark: S&P BSE 100 Total Return Index

WHAT IT COSTS

  • NAV (As on 21 December 2021)
  • Growth option: Rs 44.73
  • IDCW: Rs 19.65
  • Minimum Investment: Rs 5,000
  • Minimum SIP Amount: Rs 500
  • Expense Ratio(As on 31 October 2021) (%): 1.64
  • Exit load: For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days

FUND MANAGER: Shreyash Devalkar

Tenure: 5 Year

Top 5 sectors in portfolio (%)

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Top 5 stocks in portfolio (%)

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Recent portfolio changes

  • New Entrants: Sun Pharma, Larsen & Toubro, Mahindra & Mahindra.
  • Complete Exits: Tata Steel, Cipla, HDFC Life Insurance Co, Hindalco Industries.
  • Increasing allocation: Avenue Supermarts, Bajaj Finserv, Cholamandalam Inv, Gland Pharma, ICICI Bank, Info Edge (India), Kotak Mahindra Bank, Pidilite Inds, TCS, Ultratech Cement, Wipro.

How risky is it?

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Source: Value research
Should you buy?

This large-cap fund maintains a strict bias towards quality which sees it run a highly compact portfolio, almost packed with bluechip names. This construct gives it a distinct flavour in a category characterised by indistinguishable funds. The lean portfolio allows the fund to run large positions in top few bets. While its differentiated approach gave it an edge over peers in a highly polarised market until recently. A broad-based market uptick since last year has seen its star fade. However, the fund retains a far superior risk-return profile in its category owing to strong emphasis on downside protection that should help the fund retain outperformance across market cycles.

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