SIP Performance: Canara Robeco Bluechip Equity Fund – Direct Plan.

SIP Performance: Canara Robeco Bluechip Equity Fund – Direct Plan.

by 5paisa Research Team Last Updated: Dec 10, 2022 - 12:27 pm 50.7k Views
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Canara Robeco Bluechip Equity Fund is one of the highly rated equity funds within the category and has outperformed its benchmark in a 3, 5 and 7 year period.

An individual has various options available in the market in which he can invest his money. Every individual has a different level of income. Some of them have lower income, some are moderate-income earners, while some have higher income. The investment amount also varies according to the level of income an individual possesses. An individual with lower income or moderate-income levels cannot invest higher amounts regularly or they cannot dedicate a huge lump-sum amount at a single point in time. Hence, mutual funds offer investors to invest in amounts as small as Rs 500, which aids small as well as a big investor to get the habit of investing.

This encourages youngsters i.e. individuals who start their journey of earnings to invest right from a young age. It also enables the creation of a large corpus if investors invest for a longer time. Individuals, who are at an early stage of earning, have a high-risk capacity as compared to mid-earning or pre-retirement and retirement stage investors. So, investors with high-risk capacity can invest the amount in equity-related schemes in their early stage and further, can shift some proportion to debt once they get decent returns from the equity markets.

Now let’s look at the SIP performance of Canara Robeco Bluechip Equity Fund which is a large-cap fund investing in the 1st-100th company in terms of full market capitalization. This fund is outperforming its benchmark in 3, 5 and 7-year periods and it is the highest-rated fund within its category. All rating agencies such as CRISIL, Morningstar and Value Research have five rated this fund. If you had invested just Rs 1,000 every month i.e. Rs 12,000 per annum from October 1, 2018, till the present date i.e. October 6, 2021, then the worth of your investment would have been Rs 58,070 as against the amount invested of Rs 37,000. The following graph depicts the growth of the above investment.

 
Now the question arises, what rate of return would the above investment deliver? Let’s look at the same:

 

As we could see the calculation, if you had invested Rs.1000 every month for three years you would have received 29.34% return.

Top 5 holdings of Canara Robeco Bluechip Equity Fund – Direct Plan:

Company Name  

Assets %  

HDFC Bank  

7.87%  

ICICI Bank  

7.05  

Infosys  

6.95  

Reliance Industries  

6.28  

HDFC  

4.72  

The top 3 sector allocation of the fund is:

Sector Name  

Allocation %  

Financial  

34.14  

Technology  

15.15  

Energy   

8.31  

Share Market Today


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