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Blue- Chip Funds, are equity mutual funds that invest in stocks of companies with large market capitalization. These are well-established companies with a track record of performance over some time.
However, as per SEBI norms on mutual fund categorization, you don’t have an official category called Blue Chip funds. Blue Chip is commonly used as a synonym for large-cap funds.
Blue Chip funds help investors benefit from the financial growth of Blue Chip companies. Blue Chip mutual funds invest mostly in stocks of the top 100 firms by market capitalization. For a little diversification, these funds can invest in bonds and cash equivalents.
Well, here I am listing some of the best Blue-chip Mutual Fund Schemes to invest in this week. These funds are picked up based on their Returns, Latest Nav, Ratings, Performance, etc.
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Canara Robeco Bluechip Equity Fund
A large-cap category equity mutual fund, run and managed by Canara Robeco Mutual Fund House. The fund has 94.55% investment in Indian stocks of which 72.67% is in large-cap stocks, 9.75% is in mid-cap stocks.
The fund size of the scheme is around Rs 5,690 crores and it charges a total expense ratio of around 1.94%. Fund also charges a kind of exit load equal to 1.0% of sell value if the fund is sold before 365 days.
The prime objective of the fund is to provide capital appreciation by predominantly investing in companies having a large market capitalization.
This fund is best recommended to investors looking to invest money for at least 5 years or more and high returns.
Axis Bluechip Fund
A large-cap category equity mutual fund, run and managed by Axis Mutual Fund House. The fund has 92.68% investment in Indian stocks of which 80.29% is in large-cap stocks, 1.85% is in mid-cap stocks.
The fund size of the scheme is around Rs 34,584 crores and it charges a total expense ratio of around 0.48%. Fund also charges a kind of exit load equal to 1.0% of sell value if a fund is sold before 365 days.
The prime objective of the fund is to achieve long-term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity-related securities of Large Cap companies including derivatives.
This fund is best recommended to investors looking to invest money for at least 5 years or more and high returns.
IDBI India Top 100 Equity Fund
A large-cap category equity mutual fund, run and managed by IDBI Mutual Fund House. The fund has 98.52% investment in Indian stocks of which 69.3% is in large-cap stocks, 11.32% is in mid-cap stocks, 6.36% in small-cap stocks.
Fund also has 0.02% investment in Debt of which, 0.02% in funds invested in very low-risk securities..
The fund size of the scheme is around Rs 563 crores and it charges a total expense ratio of around 1.32%. Fund also charges a kind of exit load equal to 1.0% of sell value if the fund is sold before 365 days.
The Investment objective of the Scheme is to provide investors with opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related Instruments of Large Cap companies.
This fund is best recommended to investors looking to invest money for at least 5 years or more and high returns.
Kotak Bluechip Direct-Growth
A large-cap category equity mutual fund, run and managed by Kotak Mahindra Mutual Fund House. The fund has 95.51% investment in Indian stocks of which 69.5% is in large-cap stocks, 10.1% is in mid-cap stocks, 5.08% in small-cap stocks.
The fund size of the scheme is around Rs 3,652 crores and it charges a total expense ratio of around 1.32%. Fund also charges a kind of exit load equal to 1.0% of sell value if the fund is sold before 365 days.
The Investment objective of the Scheme is to generate capital appreciation from a portfolio of predominantly equity and equity-related securities falling under the category of large Cap companies.
This fund is best recommended to investors looking to invest money for at least 5 years or more and high returns.
To get more details about the fund you can refer to the fund fact sheet or you can get in touch with us. Call us on- 0612-6604453 or mail us at [email protected]
For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.
Happy Investing!
(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).