Canara Robeco Bluechip Equity Fund Direct Plan Growth
Equity
Direct
Large-Cap
NAV: ₹ 62.78 as on 02-05-2024
About the Fund
Canara Robeco Bluechip Equity Fund is a popular mutual fund scheme offered by Canara Robeco Mutual Fund, one of India's leading asset management companies. The fund invests primarily in large-cap companies with a proven track record of stable earnings and strong fundamentals. Large cap companies are well established firms in their respective fields like HUL in consumer and ONGC in fuels.The fund aims to provide long-term capital appreciation to investors by investing in high-quality blue-chip stocks across various sectors of the Indian economy. Canara Robeco Bluechip Equity Fund has been a favored investment option for those looking for a stable and reliable equity mutual fund in India.
Key Parameters
- Canara Robeco Bluechip Equity Fund Direct Plan Growth has ₹12566 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Fund Performance
25507 people have invested ₹ 16.8Cr in Canara Robeco Bluechip Equity Fund Direct Plan Growth in the last three months
Overview
 | 0.48% |
 Benchmark | S&P BSE 100 India TR INR |
 | ₹12566 Cr |
 | 1 January, 2013 |
 | ₹5000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 26.84% |
Canara Robeco Bluechip Equity Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
90.1%
Mid cap
6.5%
Sector Allocation
Financial Services
30.4%
Consumer Cyclical
13.4%
Industrial
11.9%
Tech
10.3%
Health
8.8%
Consumer Defensive
7.2%
Energy
7%
Communication
4.7%
Basic Materials
3.4%
Utilities
3%
Top Holdings of Canara Robeco Bluechip Equity Fund Direct Plan Growth as on (30-Apr-24)
Equity Holdings52
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.77% | 0% | |
 ICICI Bank Ltd | 7.31% | 1.2% | |
 Reliance Industries Ltd | 6.74% | 0% | |
 Larsen & Toubro Ltd | 5.1% | 1.5% | |
 Infosys Ltd | 4.26% | -7.1% |
See all
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Axis Bank Ltd | 11.3% |
 Bharti Airtel Ltd | 9.4% |
 ICICI Bank Ltd | 6.4% |
Top Losers | 1M Return |
|---|---|
 HCL Technologies Ltd | -10.6% |
 Larsen & Toubro Ltd | -5.6% |
 Infosys Ltd | -4.2% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.45% whereas the fund’s underlying benchmark Nifty 100 returns stands at 0.26% as on Mar'24
- This fund outperformed Nifty 100 by 2.19% in Mar'24
AUM Change
- AUM of the fund stands at 12.6K Cr as of Mar'24
- AUM increased by 380.5 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 5 years, Baroda BNP Paribas Large Cap Fund Direct Plan Growth Option has given 19.4% return, outperforming this fund by 0.57% per annum.
Over the last 6 months, this fund has experienced a 21.6% growth in AUM moving from 10.33K Cr to 12.56K Cr.
In the last 1 year, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 44.07% return, outperforming this fund by 11.73%.
This fund expense ratio is slightly on the lower side within the category (large-cap). Its expense ratio is 0.48% which is lower than the category average expense ratio of 0.8%.
Over the last 15 months, this fund has increased expense ratio by 14.3% moving from 0.42 to 0.48.
In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 27.12% return, outperforming this fund by 9.34% per annum.
INDmoney Rank
Powered by IND quant engine
4
/19
50% Performance
73% Risk Management
100% Cost
4 out of 19 among large-cap
Pros
Lower volatility within category
Recovers losses quickly
5Y returns in the top 25% of the category
Cons
No bad points found for this fund.
Peer Analysis
Fund Manager
Vishal Mishra
Fund Manager of Canara Robeco Bluechip Equity Fund Direct Plan Growth, since 1 June 2021
Top funds managed
Shridatta Bhandwaldar
Fund Manager of Canara Robeco Bluechip Equity Fund Direct Plan Growth, since 5 July 2016
Top funds managed
Canara Robeco Bluechip Equity Fund Direct Plan Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.68% since inception which is more than its category average return of 13.64%
Fund Allocations
This fund has an allocation of 96.61% in Equity, 0% in Debt and 3.39% in Cash related instruments
AUM size ₹12566 Cr
This fund has AUM of ₹12566 Cr which is more than its category average of ₹ 6123 Cr
Expense Ratio 0.48%
This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.31%
Frequently Asked Questions
The current NAV of Canara Robeco Bluechip Equity Fund Direct Plan Growth is ₹62.78 as on 02-May-2024.
Existing (Absolute + CAGR) as on 02-May-2024.
Canara Robeco Bluechip Equity Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.69% | 1.69% |
6 Month Returns | 22.03% | 22.03% |
1 Year Returns | 32.35% | 32.35% |
3 Years Returns | 63.4% | 17.78% |
5 Years Returns | 136.94% | 18.83% |
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0.48% as on April 2024
₹12566 Cr as on April 2024
HDFC Bank Ltd(7.77%), ICICI Bank Ltd(7.31%), Reliance Industries Ltd(6.74%), Larsen & Toubro Ltd(5.1%), Infosys Ltd(4.26%) as on April 2024
Financial Services(29.37%), Consumer Cyclical(12.99%), Industrial(11.48%) as on April 2024
The alpha ratio for the Canara Robeco Bluechip Equity Fund Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Canara Robeco Bluechip Equity Fund Direct Plan Growth | - | - | - |
As on April 2024
The alpha for Canara Robeco Bluechip Equity Fund Direct Plan 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 Canara Robeco Bluechip Equity Fund Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Canara Robeco Bluechip Equity Fund Direct Plan Growth | - | - | - |
As on April 2024
The Beta for Canara Robeco Bluechip Equity Fund Direct Plan 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 Canara Robeco Bluechip Equity Fund Direct Plan Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Canara Robeco Bluechip Equity Fund Direct Plan Growth | - | - | - |
As on April 2024
The sharpe ratio for Canara Robeco Bluechip Equity Fund Direct Plan 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 Canara Robeco Bluechip Equity Fund Direct Plan Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Canara Robeco Bluechip Equity Fund Direct Plan Growth | 9.5 | 11.72 | 16.23 |
As on April 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.
Vishal Mishra, Shridatta Bhandwaldar are the fund managers of Canara Robeco Bluechip Equity Fund Direct Plan Growth
The Exit load of Canara Robeco Bluechip Equity Fund Direct Plan Growth is 1%