Axis Bluechip Fund Direct Plan-Growth is a scheme of mutual funds launched by the Axis Mutual Fund. The scheme for investors was launched on 01 January 2013. Shreyesh Dewalkar is the present fund manager of Axis Bluechip Fund Direct Plan-Growth. The fund currently has an Asset Under Management (AUM) of ₹11,077 Cr, and the latest NAV is ₹35.53 as of February 26, 2020.
The Axis Bluechip Fund is rated moderately high risk. The minimum investment in SIP is 500. The minimum investment in Lampsum is 5000. For units with more than 10 percent of the investment, the discount will be charged 1 percent within 12 months.
Axis Bluechip Fund Direct Plan-Growth – Large Cap Fund%
- 86.7% investment in Indian stocks
- 77.16% is in large-cap stocks
- 0.35% is in mid-cap stocks
Axis Bluechip Fund Direct Plan-Growth Suitable for:
- Investors who want to invest money for at least 3-4 years and are looking for high returns. At the same time, these investors should also be prepared for the possibility of moderate losses in their investments.
- This scheme is suitable for investors who want an appreciation for long-term capital.
- Investment in a diversified portfolio consisting mainly of equity and equity-related instruments of large-cap companies.
Axis Bluechip Fund Direct Plan-Growth Investment Objective
Achieving long-term capital appreciation by investing in a diversified portfolio consisting primarily of equity and equity-related securities, including derivatives. However, there can be no assurance that the scheme will achieve its investment objective.
Basic Details of Axis Bluechip Fund Direct Plan
- Fund House: Axis Mutual Fund
- Launch Date: 01-Jan-2013
- Return Since Launch: 16.01%
- Benchmark: NIFTY 50 TRI
- Risk meter: Moderately High
- Type: Open-ended
- Assets: ₹ 11,077 Cr
- (As on 31-Jan-2020)
- Expense: 0.62%
- (As on 31-Jan-2020)
- Risk Grade: Low
- Return Grade: High
- Turnover: 80.00%
- Minimum Investment- (₹) 5,000
- Minimum Addl Investment- (₹) 100
- Minimum SIP Investment- (₹) 500
- Minimum Withdrawal- (₹) 1,000
Exit Load – For units with more than 10% of the investment, 1% will be charged for redemption within 365 days
Tax Implications – Axis Bluechip Fund Direct Plan
If you redeem within one year, the return is taxed at 15%. After one year, you will have to pay a 10% LTCG tax on returns of 1 lakh + in a financial year.
Axis Bluechip Fund Direct Plan– Benefits
- Blue-chip mutual funds mainly invest in large corporations.
- Such companies are often traded and, therefore, liquid and less volatile as these stocks have proven track records, business models and are capable of delivering consistent returns over a long period.
- Axis Bluechip Fund aims to outperform the benchmark with a lower risk than the benchmark.
- Benefits of the asset class: Equity as an asset class can beat inflation and generate wealth in the long term.
Investment Strategy
- Category beating returns in 7 of eight years since launch.
- Follows the philosophy of stock selection with ‘quality at a reasonable price.’ ‘
- Goal Objective: Long term goals like education of children and their future, retirement, or any other long term development require a wealth creation plan.
