With Over 16% Annualised SIP Returns In 2 Years, These 2 Bluehip Mutual Funds Are Good To Invest

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oi-Shubham Kumar

| Published: Thursday, July 21, 2022, 13:53 [IST]

Bluechip mutual funds are funds that invest most of their corpus in bluechip stocks. Bluechip stock is a huge company with an excellent reputation. These are shares of well-established companies with an excellent track record of performance over time. Here, in this article, we have highlighted two top-performing bluechip stocks that have given good returns and are also top-rated by the major rating agency. These two bluechip mutual funds are ICICI Prudential Bluechip Fund and Kotak Bluechip Fund. We have highlighted the direct plan of these funds here.

ICICI Prudential Bluechip Fund

ICICI Prudential Bluechip Fund is a large cap bluechip mutual fund scheme from the house of ICICI Prudential Mutual Fund. This Equity fund is 14 years old mutual fund scheme launched on May 23, 2008. The fund has been rated as a highly risky fund. It is an open-ended equity fund. Since its inception, it has given a 14.50% annual average return on lump-sum investments. The fund has been rated 5-star by Rating agency CRISIL & 4-star by Value Research, respectively. 

Under the Direct Plan Growth Option of the fund The fund’s assets under management (AUM) are Rs 29981.07 crore. The expense ratio of the fund is 1.07%, which is marginally below its category average expense ratio of 1.1%. The Net Asset Value (NAV) of the Fund as of July 19, 2022, is Rs. 67.62. The benchmark of the fund is Nifty 100 TRI. 

Minimum Amount & Returns

Minimum Lump Sum Investment Amount Required – Rs 100

Minimum SIP Amount Required – Rs 100

Minimum Additional Investment Amount Required – Rs 100

This fund has no lock-in period, however, it charges a 1% redemption fee within 365 days of the investments.

SIP Annualized Returns

The fund has delivered positive returns to investors, it has given better than category average returns over the years under the lumpsum investments. It has given negative returns in 1 year on SIP.

1-Year 2 Year 3 Year 5 Year
-0.59% 14.66% 18.37% 14.25%

Portfolio

This fund has the majority of investments around 93.94% in domestic equities out of which the majority of investments around 77.65% are in Large cap stocks, followed by 6.53% in mid-cap stocks and 0.36% in small-cap stocks, respectively. It has 0.33% of investments are in debt.

The fund has major investments in the Financials sector followed by other sectors which include Technology, Energy, Automobile, Healthcare, Construction, Communication, insurance, Consumer Staples, Materials, Metals & Mining, Services, Capital Goods, and Consumer Discretionary. Fund’s top 5 holdings equity holding includes ICICI Bank, Infosys, HDFC Bank, Reliance Industries, and Larsen & Toubro.

Kotak Bluechip Fund

Kotak Bluechip Fund is a Large cap Bluechip Fund from the house of Kotak Mahindra Mutual Fund. It is a 20-year-old fund launched on January 01, 2013 (Direct Plan). The fund is a highly risky rated open-ended equity Index fund. The fund has been rated 4-star by Mutual Fund Rating agency CRISIL and 5-star by Value Research, respectively. It has given an annual average return of 13.98% since its inception on lumpsum investments.

Under the Direct Plan Growth Option of the fund, its Assets Under Management (AUM) is Rs 4217 crore. The expense ratio is 0.78%, which blows its category average expense ratio of Rs 1.1%. Its Net Asset Value (NAV) declared on 19th July 2022 is Rs 389.904. Fund’s benchmark is Nifty 100 TRI. 

Minimum Amount & Returns

Minimum Lump Sum Investment Amount Required -Rs 1000

Minimum SIP Amount Required – Rs 100

Minimum Additional Investment Amount Required – Rs 1000

This fund has no lock-in period, however, it charges 1% on redemption for units in excess of 10% if redemption is within 365 days of the investment.

SIP Annualised Returns

It has given negative returns in 1 year on SIP.

1-Year 2 Year 3 Year 5 Year
-3.36% 12.22% 17.58% 14.63%

Portfolio

This fund has the majority of investments around 95.61% in domestic equities, majorly 69.38% in large cap equities followed by 8.03% in mid-cap and 4.61% in small-cap stocks. It has a major holding in the financial sector followed by technology, Energy, Consumer Staples, services, Construction, healthcare, consumer discretionary, material, Communication, Insurance, Capital goods, and Metals & mining.

The top 5 equity holding includes Reliance Industries, ICICI Bank, HDFC Bank, Infosys, and Maruti Suzuki India. 

Disclaimer

Mutual funds investment are subject to market. Read all scheme related documents carefully before investing. Greynium Information Technologies, and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.

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Story first published: Thursday, July 21, 2022, 13:53 [IST]

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