AXIS Bluechip Fund – Direct Growth

Equity · Large Cap
 · ★★
100
Min SIP
100
Min Lumpsum
0.66 %
Expense Ratio
★★
Rating
32,675
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 22 February 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 23.6% 10.9% 15.6% 15.3%
Category Average 31.9% 17.5% 17.7% -

Scheme Allocation

By Holding
By Sector
By Asset
7.61%
7.07%
Others
66.94%
View all Holdings
Holdings Sector Instrument Asset
ICICI Bank Banks Equity 7.61%
HDFC Bank Banks Equity 7.07%
Reliance Industr Refineries Equity 6.6%
Bajaj Finance Finance Equity 6.36%
Avenue Super. Retail Equity 5.42%
TCS IT - Software Equity 5.33%
Larsen & Toubro Infrastructure Developers & Operators Equity 4.77%
Infosys IT - Software Equity 4.29%
Bharti Airtel Telecomm-Service Equity 3.69%
Tata Motors Automobile Equity 3.17%
Sun Pharma.Inds. Pharmaceuticals Equity 3.02%
UltraTech Cem. Cement Equity 2.85%
Bajaj Auto Automobile Equity 2.79%
Nestle India FMCG Equity 2.66%
Titan Company Diamond, Gems and Jewellery Equity 2.65%
Cholaman.Inv.&Fn Finance Equity 2.26%
M & M Automobile Equity 2.06%
Kotak Mah. Bank Banks Equity 2.01%
Bajaj Finserv Finance Equity 1.9%
DLF Realty Equity 1.64%
Info Edg.(India) E-Commerce/App based Aggregator Equity 1.63%
Interglobe Aviat Air Transport Service Equity 1.59%
Pidilite Inds. Chemicals Equity 1.45%
TVS Motor Co. Automobile Equity 1.39%
NTPC Power Generation & Distribution Equity 1.32%
Apollo Hospitals Healthcare Equity 1.21%
Zomato Ltd E-Commerce/App based Aggregator Equity 1.14%
HCL Technologies IT - Software Equity 1.06%
Jio Financial Finance Equity 0.84%
Coal India Mining & Mineral products Equity 0.77%
Godrej Consumer FMCG Equity 0.74%
St Bk of India Banks Equity 0.69%
Mankind Pharma Pharmaceuticals Equity 0.65%
Indian Hotels Co Hotels & Restaurants Equity 0.6%
Tata Consumer Plantation & Plantation Products Equity 0.58%
Hind. Unilever FMCG Equity 0.55%
Maruti Suzuki Automobile Equity 0.51%
ICICI Pru Life Insurance Equity 0.51%
Siemens Capital Goods - Electrical Equipment Equity 0.49%
A B B Capital Goods - Electrical Equipment Equity 0.41%
Cipla Pharmaceuticals Equity 0.4%
SBI Life Insuran Insurance Equity 0.38%
Divi's Lab. Pharmaceuticals Equity 0.32%
Asian Paints Paints/Varnish Equity 0.29%
B P C L Refineries Equity 0.19%
Banks
17.38%
Finance
11.36%
IT-Software
10.68%
Automobiles
9.92%
Retailing
8.19%
Others
42.47%
View all Sectors
Sectors Asset
Banks 17.38%
Finance 11.36%
IT-Software 10.68%
Automobiles 9.92%
Retailing 8.19%
Petroleum Products 6.79%
Construction 4.77%
Pharmaceuticals & Biotech 4.39%
Telecom-Services 3.69%
Consumer Durables 2.94%
Cement & Cement Products 2.85%
Food Products 2.66%
Realty 1.64%
Transport Services 1.59%
Chemicals & Petrochemical 1.45%
Power 1.32%
Healthcare Services 1.21%
Debt 0.93%
Electrical Equipments 0.9%
Insurance 0.89%
Consumable Fuels 0.77%
Personal Products 0.74%
Others 0.7%
Leisure Services 0.6%
Agricultural Food & other 0.58%
Diversified FMCG 0.55%
Cash & Others 0.51%
Equity
97.86%
Reverse Repos
0.93%
Mutual Funds Units
0.7%
Net Curr Ass/Net Receivables
0.51%
Others
0%

Advance Ratio

-4.7
Alpha
3.8
SD
0.95
Beta
0.49
Sharpe

Exit Load

Exit Load If redeemed/swich out within 12 months from the date of allotment, - For 10% of investments : Nil - For remaining investments : 1% NIL - If redeemed/switch out after 12 months from the date of allotment.

Fund Objective

How to invest in Axis Bluechip Fund?

An alternative way to invest in Axis bluechip fund is by visiting the website of Axis Mutual Fund. However, before proceeding, ensure you have an account with Axis Mutual Fund; if not, you’ll be required to make one.

Now that you have an account, let’s see how to invest in Axis Bluechip Fund Direct – Growth:

  • Type the following in the search bar of your browser – https://www.axismf.com/.
  • Hover over ‘Our Schemes’ – the first tab on top of the website. It’ll open a drop-down list. From the list, select ‘All Schemes’.
  • A new page will open with the title ‘Our Mutual Fund Schemes’. On the top left of the screen, make sure you’ve toggled to ‘Direct’.
  • On this page, Axis Bluechip Fund Direct – Growth would be the third option. If you can’t find it, press Ctrl + F and type the name of the scheme.
  • Once you find the scheme, click on ‘Invest’. At this point, you’ll be asked if you want to invest a lump sum amount or sign up for a SIP. Select the option you prefer and follow the instructions given on the website to continue.

What is the expense ratio of Axis Bluechip Fund?

The expense ratio is the amount that investors have to pay to the fund managers. It shows how much of a fund’s assets are used for operating expenses.

Who should invest in Axis Bluechip Fund?

Axis bluechip fund invests almost 90% of its funds in the equity market, which makes the mutual fund a little volatile as compared to other funds. While this mutual fund can offer you risk-adjusted returns, it doesn’t guarantee returns. This is why only investors with a high-risk appetite and the ability to keep their funds for a long time should invest in Axis bluechip fund.

This fund is for you if you are looking to invest in a diversified portfolio with large-cap companies from sectors like financial services, auto, IT, consumer services, and healthcare.

What are the benefits of investing in the Axis Bluechip Fund?

The following are the benefits of investing in the Axis Bluechip Fund:

  • You can invest in strong large-cap companies via Axis bluechip fund. Among the equity funds, it has invested over 88% of funds in large-cap stocks and less than half a per cent in midcap stocks. Its portfolio comprises companies like ICICI Bank, Bajaj Finance, HDFC Bank, Avenue Supermarts, Infosys, L&T, Mahindra & Mahindra. It is beneficial to invest in large-cap stocks because these stocks are stable investments, which is why they have low volatility and a steady dividend stream.
  • Moreover, these large-cap companies have a proven track record of business models and can deliver consistent long-term returns.
  • Axis Bluechip Fund is predominantly a mix of equity and debt assets, with nearly 90% of the funds invested in equity assets and a little over 10% in debt assets. It is beneficial to invest in equity funds because equity is one of the best financial classes to clock returns that can help you beat inflation. Plus, if you’re investing via SIP, investing in equity funds becomes easier on the pocket too. Moreover, equity funds let you enjoy tax benefits – you can get a rebate on up to Rs 1.5 lakh of your taxable income.
  • Plus, the Axis Bluechip fund does not have an exit load if you redeem your units after 12 months. And even if you have to do it before 12 months, you only have to pay 1%. And there is no entry load.
  • Its target goal is long-term, meaning you can easily plan for your children’s education and early retirement with this wealth creation plan.

What are the pros and cons of investing in Axis Bluechip Fund?

Pros:

  • Axis Bluechip Fund has delivered consistent returns in line with its peers in the category. In fact, its 5-year annualised returns are higher than the category average by over 1.5%. If you had invested Rs 10,000 on its inception, your amount would have grown to Rs 41,634 by now. Had you invested 5 years ago, your Rs 10,000 would have been Rs 19,040.
  • Its expense ratio is also considerably lower at 0.55%. The expense ratio is the amount paid to fund managers to look after the operational aspects of the fund.

Cons

  • While Axis Bluechip Fund has consistently performed better than its peers, it has an AUM of Rs 36,890 crores. It is known that funds with higher AUM tend to give lower returns as time passes.
  • While its 5-year annualised returns are higher than peers, it’s one, and three-year returns haven’t shown the same trend.
  • In the past three years, its alpha has dropped to -0.89, meaning the fund’s returns have been lower than the benchmark – BSE 100 total return index.

What is the fund house and investment objective?

Axis Bluechip Fund Direct Plan – Growth was launched in September 2009 by Axis Mutual Fund. The fund house has about 48 schemes running the total assets management of Rs 2.50 crores as of September 2022.

The fund is managed by Shreyash Devalkar and Hitesh Das, and they have a combined experience of nearly 30 years. They have managed to keep Axis Bluechip Fund NAV at Rs 49.78.

Axis Bluechip Fund was established to increase the value of investors’ capital over the long term by primarily buying stocks and related securities of large companies, as well as derivatives, in a diverse range of investments. It is aimed towards investors with an investment horizon of over five years.

Fund Managers

Shreyash Devalkar - Funds and Content Listing - Senior Fund Manager

With 18 years of work experience, Mr Shreyas Devalkar handles Funds and Content Listing at Axis Mutual Fund. His current designation is Senior Fund Manager of Equity, Axis Asset Management Ltd. He joined Axis AMC in November 2016. Before joining Axis AMC, he worked with BNP Paribas Asset Management (India) Pvt. Ltd. as Fund Manager – Equity, IDFC AMC as VP Research – Equity Analyst, IDFC Securities as VP Research – Equity Analyst, and JP Morgan as Credit Analyst.

Mr Shreyas Devalkar’s educational qualifications include MBA (Management) from Jamnalal Bajaj Institute of Management Studies, Bachelor in Chemical Engineering from University Department of Chemical Technology, Mumbai, and HSC from D G Ruparel College. His areas of interest include equity research, financial modelling, portfolio management, etc.

Mr Shreyas Devalkar manages four (4) schemes at Axis Mutual Fund, including Axis Bluechip Fund and Axis Flexi Cap Fund.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

Axis Mutual Fund
AUM:
2,63,225 Cr
Address:
Axis House, 1st Floor,C-2, Wadia international centre,Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact:
022-43255161
Email ID:
customerserivce@axismf.com

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Hybrid

equity
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Arbitrage Mutual Funds Arbitrage Mutual Funds
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Aggressive Hybrid Mutual Funds Aggressive Hybrid Mutual Funds
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Fund Name

Frequently Asked Questions

How to invest in AXIS Bluechip Fund – Direct Growth ?

You can invest in AXIS Bluechip Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for AXIS Bluechip Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of AXIS Bluechip Fund – Direct Growth ?

The NAV of AXIS Bluechip Fund – Direct Growth is ₹60 as of 22 February 2024.

How to redeem AXIS Bluechip Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of AXIS Bluechip Fund – Direct Growth?

The minimum SIP amount of AXIS Bluechip Fund – Direct Growth is ₹100

What are the top sectors AXIS Bluechip Fund – Direct Growth has invested in?

The top sectors AXIS Bluechip Fund – Direct Growth has invested in are
  1. Banks - 17.38%
  2. Finance - 11.36%
  3. IT-Software - 10.68%
  4. Automobiles - 9.92%
  5. Retailing - 8.19%

Can I make investments in both the SIP and Lump Sum schemes of AXIS Bluechip Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of AXIS Bluechip Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have AXIS Bluechip Fund – Direct Growth generated ?

The AXIS Bluechip Fund – Direct Growth has delivered 15.3% since inception

What is the expense ratio of AXIS Bluechip Fund – Direct Growth ?

The expense ratio of AXIS Bluechip Fund – Direct Growth is 0.66 % as of 22 February 2024.

What is the AUM of AXIS Bluechip Fund – Direct Growth?

The AUM of AXIS Bluechip Fund – Direct Growth is ₹2,63,225 Cr as of 22 February 2024

What are the top stock holdings of AXIS Bluechip Fund – Direct Growth?

The top stock holdings of AXIS Bluechip Fund – Direct Growth are
  1. ICICI Bank - 7.61%
  2. HDFC Bank - 7.07%
  3. Reliance Industr - 6.6%
  4. Bajaj Finance - 6.36%
  5. Avenue Super. - 5.42%

How can I redeem my investments in AXIS Bluechip Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select AXIS Bluechip Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.
Invest Now