Axis Bluechip Fund Direct Growth

Axis Bluechip Fund Direct Growth

Equity

Direct

Large-Cap

NAV as on 06-01-2025

₹ 66.66

-0.7%

1D

Inception Returns

15.4%

/yr

About Axis Bluechip Fund Direct Growth

Axis Bluechip Fund Direct Plan Growth is a popular mutual fund scheme offered by Axis Mutual Fund. As the name suggests, this fund primarily invests in blue-chip companies, which are large and well-established companies with a proven track record of performance. The fund aims to generate long-term capital appreciation by investing in such companies, which have a strong brand, superior management, and a sustainable business model.

Some of the key features of Axis Bluechip Fund include a rigorous stock selection process, a focus on quality and growth-oriented companies, a relatively low expense ratio, and a history of delivering consistent returns over the long term.

Key Parameters

  1. Axis Bluechip Fund Direct Growth has ₹33547 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Axis Bluechip Fund Direct Growth has given a CAGR return of 15.36% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 17.46%, 8.99% and 14.27% respectively.

Holdings

Axis Bluechip Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Communication, Health, Consumer Defensive, Basic Materials, Energy, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Bharti Airtel Ltd, Infosys Ltd, Bajaj Finance Ltd

Taxation

As it is a large-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Axis Bluechip Fund Direct Growth

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. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Bluechip Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
40512 people have invested ₹ 17Cr in Axis Bluechip Fund Direct Growth in the last three months

INDmoney Rank for Axis Bluechip Fund Direct Growth

Powered by IND quant engine
18
/19
8% Performance
31% Risk Management
69% Cost
18 out of 19 among large-cap
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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y
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Has not generated consistent returns
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Does not beat the benchmark consistently
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Higher probablity of downside risk

Axis Bluechip Fund Direct Growth Overview

Expense ratio0.69%
Benchmark
S&P BSE 100 India TR INR
AUM₹33547 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
39.33%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Jan-25)

Period
Axis Bluechip Fund Direct Growth
Nifty 100
large-cap
1M
-0.6%
-4.9%
-1.9%
3M
-3.9%
-6.3%
-4.7%
6M
0.7%
-3.9%
-0.7%
1Y
17.5%
11.1%
16.9%
3Y
9%
10.7%
13.6%
5Y
14.3%
15.1%
16.4%

Fund Distribution

as on (30-Nov-24)

  • Equity 92%

  • Debt & Cash 8%

Large cap
84.8%

Mid cap
5.4%

Sector Allocation

Nov'24

Oct'24

Sep'24

Financial Services
32.5%
Consumer Cyclical
15.9%
Tech
11%
Industrial
8.8%
Communication
8.2%
Health
7.8%
Consumer Defensive
6%
Basic Materials
4.4%
Energy
3.4%
Utilities
1.6%
Real Estate
0.4%
All changes are between Sep'24 and Nov'24
Nov'24
Oct'24
Sep'24
Fund Returns
1.17%
-7.50%
2.67%
Nifty 100
-0.52%
-6.79%
2.11%
  • This fund’s returns stands at 1.17% whereas the fund’s underlying benchmark Nifty 100 returns stands at -0.52% as on Nov'24
  • This fund outperformed Nifty 100 by 1.69% in Nov'24
Parameters
Nov'24
Oct'24
Sep'24
AUM
₹ 33.2K Cr
₹ 36.1K Cr
₹ 36.1K Cr
  • AUM of the fund stands at 33.2K Cr as of Nov'24
  • AUM decreased by 2.9K Cr between Nov'24 and Oct'24
Top Stocks bought last month
State Bank of India's allocation increased from 1% to 2.39%
State Bank of India's allocation increased from 1% to 2.39%
ICICI Bank Ltd's allocation increased from 7.65% to 8.72%
ICICI Bank Ltd's allocation increased from 7.65% to 8.72%
Mahindra & Mahindra Ltd's allocation increased from 2.54% to 3.33%
Mahindra & Mahindra Ltd's allocation increased from 2.54% to 3.33%
Top Stocks sold last month
Bajaj Finance Ltd's allocation decreased from 5.27 % to 3.6 %
Bajaj Finance Ltd's allocation decreased from 5.27 % to 3.6 %
Tata Consultancy Services Ltd's allocation decreased from 3.64 % to 3.45 %
Tata Consultancy Services Ltd's allocation decreased from 3.64 % to 3.45 %
Reliance Industries Ltd's allocation decreased from 4.57 % to 2.97 %
Reliance Industries Ltd's allocation decreased from 4.57 % to 2.97 %
Large Cap allocation has gone down from 90.4% to 84.8%
Large Cap allocation has gone down from 90.4% to 84.8%
Mid Cap allocation has gone up from 4.2% to 5.4%
Mid Cap allocation has gone up from 4.2% to 5.4%
Cash allocation has gone up from 5.4% to 8%
Cash allocation has gone up from 5.4% to 8%

Top 3 Sectors in November were Financial Services, Consumer Cyclical & Consumer Defensive

Nov'24
Financial Services
32%
Consumer Cyclical
16%
Tech
11%
Oct'24
Financial Services
31%
Consumer Cyclical
17%
Consumer Defensive
10%
Fund
Nov'24
Oct'24
Sep'24
No of Holdings
59
57
57
Top 5 Company Concentration
32.5%
31.9%
31.9%
Company having highest exposure
HDFC Bank Ltd (9.6%)
HDFC Bank Ltd (8.8%)
HDFC Bank Ltd (8.8%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
76.4%
74.1%
74.7%
Sector having highest exposure
Financial Services (32.5%)
Financial Services (32.7%)
Financial Services (30.6%)
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Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis Bluechip Fund Direct Growth, since 23 November 2016
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.21L Cr
as on 29-Nov-2024
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 5.4% drop in AUM moving from 35.45K Cr to 33.54K Cr.
Insights icon
In the last 1 year, Invesco India largecap Fund Direct Plan Growth has given 24.81% return, outperforming this fund by 7.35%.
Insights icon
In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 21.33% return, outperforming this fund by 12.34% per annum.
Insights icon
In the last 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 20.48% return, outperforming this fund by 6.22% per annum.

Axis Bluechip Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.36% since inception which is more than its category average return of 13.44%
Fund Allocations

Fund Allocations

This fund has an allocation of 91.97% in Equity, 0% in Debt and 8.03% in Cash related instruments
AUM size ₹33547 Cr

AUM size ₹33547 Cr

This fund has AUM of ₹33547 Cr which is more than its category average of ₹ 7041 Cr
Expense Ratio 0.69%

Expense Ratio 0.69%

This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.3%

Frequently Asked Questions for Axis Bluechip Fund Direct Growth

The current NAV of Axis Bluechip Fund Direct Growth is ₹66.66 as on 06-Jan-2025.
Existing (Absolute + CAGR) as on 06-Jan-2025.
Axis Bluechip Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-0.6%
-0.6%
6 Month Returns
0.73%
0.73%
1 Year Returns
17.46%
17.46%
3 Years Returns
29.48%
8.99%
5 Years Returns
94.82%
14.27%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.69% as on December 2024
₹33547 Cr as on December 2024
HDFC Bank Ltd(9.6%), ICICI Bank Ltd(8.72%), Bharti Airtel Ltd(5.32%), Infosys Ltd(5.24%), Bajaj Finance Ltd(3.6%) as on December 2024
Financial Services(29.89%), Consumer Cyclical(14.61%), Tech(10.09%) as on December 2024
The alpha ratio for the Axis Bluechip Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Bluechip Fund Direct Growth
1.38
-4.06
-1.02
As on December 2024
The alpha for Axis Bluechip Fund Direct Growth is calculated against S&P BSE 100 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis Bluechip Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Bluechip Fund Direct Growth
1
0.95
0.83
As on December 2024
The Beta for Axis Bluechip Fund Direct Growth is calculated with S&P BSE 100 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis Bluechip Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Axis Bluechip Fund Direct Growth
0.64
0.26
0.56
As on December 2024
The sharpe ratio for Axis Bluechip Fund Direct Growth is calculated with S&P BSE 100 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis Bluechip Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Axis Bluechip Fund Direct Growth
12.04
13.2
16.4
As on December 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.4 as on December 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Shreyash Devalkar is the fund manager of Axis Bluechip Fund Direct Growth
The Exit load of Axis Bluechip Fund Direct Growth is 1%