Axis Bluechip Fund Direct Growth
Equity
Direct
Large-Cap
NAV as on 02-12-2024
₹ 67.72
▲0.7%
1D
Inception Returns
15.5%
/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
- Axis Bluechip Fund Direct Growth has ₹33236 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
Axis Bluechip Fund Direct Growth has given a CAGR return of 15.48% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.05%, 9.51% and 14.61% respectively.
Holdings
Axis Bluechip Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Communication, Industrial, 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 benefitDividends 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
INDmoney Rank for Axis Bluechip Fund Direct Growth
Axis Bluechip Fund Direct Growth Overview
| Expense ratio | 0.7% |
Benchmark | S&P BSE 100 India TR INR |
| AUM | ₹33236 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 39.33% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (02-Dec-24)
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -7.50% whereas the fund’s underlying benchmark Nifty 100 returns stands at -6.79% as on Oct'24
- This fund underperformed Nifty 100 by 0.71% in Oct'24
- AUM of the fund stands at 36.1K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Consumer Defensive
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.75% | 0% | |
 ICICI Bank Ltd | 8.63% | -2.6% | |
 Bharti Airtel Ltd | 5.29% | 0% | |
 Infosys Ltd | 5% | 4.5% | |
 Bajaj Finance Ltd | 4.43% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 15.3% |
 Infosys Ltd | 6.6% |
 HDFC Bank Ltd | 5.3% |
Mutual Fund Insights
Axis Bluechip Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹33236 Cr
Expense Ratio 0.7%
Frequently Asked Questions for Axis Bluechip Fund Direct Growth
Axis Bluechip Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.88% | 1.88% |
6 Month Returns | 8.77% | 8.77% |
1 Year Returns | 24.05% | 24.05% |
3 Years Returns | 31.32% | 9.51% |
5 Years Returns | 97.78% | 14.61% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Bluechip Fund Direct Growth | -0.46 | -4.58 | -1.05 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Bluechip Fund Direct Growth | 0.98 | 0.96 | 0.83 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Bluechip Fund Direct Growth | 1.18 | 0.33 | 0.59 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Bluechip Fund Direct Growth | 13.21 | 13.18 | 16.38 |