Blue-chip mutual funds mainly invest in large firms. Axis blue-chip funds aim to outperform the benchmark with a lower risk than the benchmark. Benefit from asset class: Equity as an asset class can beat inflation and create assets in the long run.
Axis Equity Fund – The scheme is an open-ended equity scheme that invests primarily in large-cap stock. The investment goal of the scheme is to achieve long-term capital appreciation by investing in various portfolios made up mainly of equity and equity-related bonds of large-cap companies. Axis Equity Fund is an open-ended equity scheme that provides long-term capital appreciation to potential investors. Axis Mutual Fund manages portfolios in various market caps, asset classes and industries through multiple investments.
Blue-chip funds allow investors to take advantage of the economic growth of blue-chip companies. Axis Blue-chip mutual funds are spent on blue-chip stock, but they can also invest outside that category. These funds can be invested in mid-cap or bonds or invested for diversification purposes.
Pros & Cons of Axis Bluechip Fund
The fund has surpassed the benchmark index (12.33%) and the category average (12.21%) with a 7-year return of 14.86%. The scheme has an incredible out-performance track record. In its stock picks, it emphasizes quality and growth, favoring businesses with better cash flow and greater visibility of earnings. While the plan is to have a compact portfolio, at the latest it has significantly reduced stock volumes in response to current market conditions where only a select few do well. In this category, the fund has demonstrated to be a strong proposition.
Axis Bluechip Fund information and statistics
Begin / starting date
The scheme was launched on 6 April 2005. The HDFC Balanced Fund was merged with HDFC Premier Multi-cap, and as a result, the fund changed its name to HDFC Hybrid Equity Fund. The scheme maintains the fund manager, facilities, strategy, risk and adequacy of HDFC Balanced Fund. HDFC Balanced Fund has been a top performer in the category of balanced funds.
The risk meter of the scheme is defined as “moderately high.” This scheme is suitable for investors suitable for long-term capital development.
The minimum amount of redemption is Rs 1,000. Redemption proceeds are usually sent within ten working days from the date of receipt of the application.
The scheme is currently managed by Mr. Shreyash Dewalkar, who has been leading the plan since 23 November 2016. As an equity research analyst, Mr. Dewalkar has more than five years of experience in equity markets and experts in the information technology, telecommunications, industrial and utility industries.
Entry / Exit load
For units above 10% of the investment, within one year, 1% will be charged for redemption. No exit load will be charged after one year.
Objective- The fund aims to achieve long-term capital appreciation through investment in an extensive portfolio, consisting primarily of equity and equity-related securities of large-cap companies. However, there can be no certainty that the investment target of the scheme will be achieved.