When it comes to mutual funds there is a general misconception that investing in mutual funds means investing in stocks. This entirely depends on the investment horizon and risk taking capacity of an individual. SIPs generally work best for equity and equity-oriented hybrid funds given that these are prone to market fluctuations. However, for investment discipline, one can also invest in debt funds also. Investments in Axis Bluechip Fund can be made by investors who want to invest in established entities with a track record of excellent performance for a long period of time. The large size of the underlying holdings makes investments in these funds relatively stable as compared to investments in other equity fund categories.
People perceive that SIP is either a mutual fund or different than a mutual fund. However, the fact is that SIP is a style of investment and not a fund/scheme or a stock or an investment avenue. It is a vehicle to invest periodically in a fund/scheme of your choice. It is an indicator of how quickly fund managers buy and sell the specific assets and securities within the fund in a specified period.
About Axis Bluechip Fund
Axis Bluechip Fund is suitable for investors with moderate to high-risk appetite looking to invest for a period of 5 years & above. But, it is up to investors to choose any funds which have performed over the index. Axis bluechip fund has a low expense ratio compared to ICICI blue chip fund. The fund has comparatively the same volatility when compared to the Nifty 50 Index and category average. The fund has low volatility when compared to the Nifty 50 Index and the category average.
What is the current position of Axis Bluechip fund?
Axis Bluechip Fund Direct Plan-Growth has ₹33,050 Crores worth of assets under management (AUM) as on 31/12/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.63%, which is less than what most other.
The sharpe ratio is a measure of an investment’s return after taking into consideration all the inherent risks. Alpha is the excess returns relative to market benchmark for a given amount of risk taken by the scheme. For each mutual fund, the risk can range from low to very high, as depicted by different colours in the riskometer. The meter categorizes the schemes under different levels of risk based on the respective scheme’s asset allocation pattern. To help you make informed investment decision, here is a list of other fund options in the same category with similar returns. It is the smallest value amount for which an investor can purchase a mutual fund.
Sectors Holding in this Mutual Fund
Mutual Fund units are issued to a few designated large participants called Authorised Participants . AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio’s equity shares . The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn’t update it every day.
This is the annualised growth rate assuming monthly compounding. Axis Bluechip Fund is a Large Cap Equity fund and has delivered an annualised return of 11.2% over a period of 13 years. The fund is managed by Axis Asset Management Company Limited. The fund managers are Hitesh Das, Shreyash Devalkar, Vinayak Jayanath. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
AXIS LONG TERM EQUITY FUND
Gains are taxed at a rate of 15% (Short-term Capital Gain Tax – STCG) if units are redeemed within 1 year of investment. While the top 10 equity holdings constitute around 59.16% of the assets, the top 3 sectors constitute around 56.46% of the assets. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Why is Axis Blue Chip fund not doing well?
This fund is managed with a growth-oriented approach, and post Covid, growth style of investing has been out of favour. This resulted in the fund delivering a rather underwhelming performance in 2021 and this year so far.
There are some goals you’re able to fulfil and others that you’re not. Provide few more details needed including the bank account from which you will be making the payment and confirm. The fund’s top 5 holdings are in ICICI Bank Ltd., HDFC Bank Ltd., Bajaj Finance Ltd., Infosys Ltd., Avenue Supermarts Ltd..
Financial Calculators
There are funds with huge AUMs that continue to perform well despite their size. The fund has the majority of its money invested in Financial, Technology, Services, Automobile, Energy sectors. It has taken less exposure in Financial, Technology sectors compared to other funds in the category. Axis Bluechip Fund Direct Plan-Growth scheme’s ability to deliver returns consistently is in-line with most funds of its category.
- Here we are going to discuss the performance calibration between Axis bluechip fund and ICICI bluechip fund.
- And then depending on the goals and aspirations, one can increase the amount.
- The above returns are calculated based on past performance of the fund.
- No claim (whether in contract, tort or otherwise) shall arise out of or in connection with the services against Axis Bank.
- Mutual funds are one of the promising investment avenues for wealth creation, …
The performance of the Axis fund is majorly due to lesser holding, only 33 securities. In which they have focused more on the stocks which will be leading the Index. In the last 7 years which is from the time of inception. Axis fund, ICICI fund, and NIFTY 50 have shown an annualized return of 14.18%, 12.17%, and 8.45% respectively. The total holding of Axis and ICICI funds are 33 and 70 securities respectively.
Online Banking
The most important thing to remember is to stay invested. This increases the potential to build wealth over a period of time. With SIP, you don’t need to worry about timing the markets. Just stay invested irrespective of the market axis bluechip fund graph conditions. In doing so, you end up getting more units when the price is low and fewer units when the price is high. This in turn leads to a lower average cost per unit over time which is also called as rupee cost averaging.
Redeeming your investments in Axis Bluechip Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request. This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category. The Axis Bluechip Fund is a 10 yrs 2 m old fund and has delivered average annual returns of 13.73% since inception. The expense ratio of the Axis Bluechip Fund is 1.7% for regular plan.
Is Axis Bluechip fund good?
Over the past 10 years, Axis Bluechip has been the third-best performing fund among its peers and has delivered a CAGR of over 15%. The average returns of all funds are around 13% for the same period. If we compare year-on-year performance with its category, the fund has delivered outperformance in most of the years.
The use of any information set out is entirely at the User’s own risk. Axis Bank does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort or otherwise) shall arise out of or in connection with the services against Axis Bank. The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund.
A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio. Sortino ratio is the statistical tool that measures the performance of the investment relative to the downward deviation. It is an unmanaged group of securities which are considered as a ‘benchmark’ to measure a fund’s/stock’s performance.
After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. All comparisons are done with the category average metrics for this category. You can start small and there is no need to have a lot of money to start a SIP. A SIP of even Rs. 500 per month is sufficient to start with. And then depending on the goals and aspirations, one can increase the amount. It is a statistical tool that measures the deviation or dispersion of the data from the mean or average.
Equity funds can be divided based on the market capitalisation, sector/theme. The minimum SIP amount for Axis Bluechip Fund is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator. Multicap has a diversified portfolio by investing in large, mid and small cap.
The equity shares of Axis and ICICI funds are 95.8% and 89.7%. ICICI fund has an attractive P/E ratio absolutely due to more diversification. Both Axis and ICICI bluechip funds have the majority of equity exposure and few cash instruments.
Axis bluechip fund can be started by investing Rs. 500 minimum as SIP. There are only a few actively managed large-cap funds, which have outperformed the Nifty 50 Index. These two funds have been outstanding from Nifty 50 for the last 1,2,3,5 year and from inception. Axis Bluechip Fund Direct Plan-Growth scheme return performance in last 1 year is -6.79%, in last 3 years is 74.84% and 273.45% since scheme launch.
What is the 5 year return of Axis Bluechip?
1. Current NAV: The Current Net Asset Value of the Axis Bluechip Fund as of Mar 24, 2023 is Rs 40.71 for Growth option of its Regular plan. 2. Returns: Its trailing returns over different time periods are: -7.13% (1yr), 15.88% (3yr), 10.78% (5yr) and 11.25% (since launch).