Axis Bluechip Fund

Axis Bank Bluechip Fund is the top-performing equity mutual fund in the Indian mutual fund market. The investors have gained significantly through this fund scheme and aim to grow through equity investments. 

The fund has a big frame of Asset Under Management that accounts for ₹33,966.75 Cr as of 31^st Oct 2021. Although the investment scheme is rated on very high risk due to its equity component, still it has managed to maintain a CAGR of 14.02% since inception (5^th Jan 2010). 

The bluechip fund is a regular growth fund that aims at large-cap stocks with an open-ended fund facility. The fund is advised for investment by the investors that are capable of holding money for a longer time for better returns. 

Investor Long-term goals such as children’s education & their future, retirement or any other long term growth that needs a wealth creation plan can be best suited. The fund invests in equity and derivatives of companies with good track records and stable profits. This defends high volatility and provides good liquidity.

The Axis Bluechip Fund aims at outperformance with respect to benchmark to provide better returns by minimizing risk lower than the benchmark.

Putting numbers into proof, we observed that fund has turned ₹1 lakh investment into ₹4.72 lakh since inception competing for more than the benchmark that would have provided ₹3.87 lakh for the same investment.

At the time of exiting or redemption of fund units, Asset Management Companies (AMCs) charge investors with some amount which is referred as exit load while entry load is the amount or fee charged from an investor while entering a scheme or joining the company as an investor.

The fund has no entry load whereas exit load may vary upon the redemption/switch out of investment from the date of allotment :

• Within 1 year from the date of allotment : the exit load for 10% of investments is Nil, whereas for remaining investments it is 1%.
• After 1 year from the date of allotment : the exit load stands Nil.

Mr. Shreyash Devalkar is managing this fund scheme and has achieved portfolio turnover for 1 year at 0.46 times. The Net Value Asset of the fund stays at ₹46.61 as of 8^th Dec 2021.

The minimum investment for any individual investor is open at lumpsum Investment of ₹5,000. If he/she wishes to add to the existing investment, the minimum adds on can be ₹100. The popular way of investing in the mutual fund of Systematic Investment stands at a minimum amount of  ₹500.

The fund has a large issue of financial services that accounts for about 40.75% of net value assets.

Whereas top sectors investments other than financial services are in IT, consumer services, consumer goods and pharma stocks. 

Mirae Asset Large Cap Fund

The large-cap fund is aimed at long term equity investments with the objective of wealth creation.

It is an open-ended fund with a high-risk sentiment. 

More than 80% of the fund value is invested in stocks of top 100 companies by market capitalization, therefore, ensuring large-cap stocks are in the bucket. The fund carries 20% of the share for mid-caps and nearly no share for small-cap stocks.

It is a regular growth fund managed by Mr. Gaurav Misra (Co-Head Equity) and Mr. Gaurav Khandelwal that has a Net Asset Value of  ₹79.043 as of 8^th Dec 2021. The schemes assets size accounts for ₹30,804.01 Cr as of 31^st Oct 2021. 

This fund has minimum lumpsum investment criteria for  ₹5,000 and minimum additional investment is allowed at  ₹1,000. Minimum investment plan for the Systematic investment is allowed for ₹1,000 at an individual level. 

The investors are recommended to invest for 3 years or more for better wealth creation objectives.

There is no entry load on investors whereas an exit load is 1% if redemption/switch out of investment is done within 1 year from the date of allotment . 

Nearly ¼ of the assets are allocated to the banking sector whereas other top sector holdings are software (15.01%), petroleum products (8.26%) and pharmaceuticals (5.90%).

Portfolio diversification is a big advantage of this scheme as the fund holds on 62 stock diversification in hand. The top 3 allocations are in equity stocks of Infosys Limited, HDFC Bank Limited and ICICI Bank Limited that are known to be durable and less volatile. 

The fund has outperformed the benchmark with fund CAGR at 16.30% and NIFTY 100 at 12.26% is considered since inception(4^th April 2008) according to the data till 30^th Sept 2021. 

Giving an example of investment appreciation, suppose you had invested  ₹10,000 at the inception of this fund, you would have turned this amount into  ₹79,380 by now. 

Parag Parikh Long Term Equity Fund

The investment scheme is more of a diversified fund where stocks of all categories like small, mid and large-cap are considered for the portfolio.

Apart from domestic investments, the scheme also focuses on overseas stocks as part of the investment. Nearly 65% of the fund is allocated to domestic investments and the rest in foreign as well as fixed investment.

The fund is open-ended and is classified to be high risk due to the nature of Indian equities, foreign equities, related instruments and debt securities. The fund is aimed at value investing and thus supports low lying firms which might perform well with investments. 

The firm is beneficial for long term investors who are willing to hold the amount for minimum 5 years. Short term investors with a capacity of 1-2 years with main objective of net value appreciation are advised to stay cautious with this fund.

Unlike other funds, this scheme has only a growth option and no dividend option for investors that make it more tempting for investors that go for compounding. 

Asset Under Management till 31^st Oct 2021 is ₹17,219.55 Cr managed by Mr. Rajeev Thakkar, Mr. Raunak Onkar and Mr. Raj Mehta since inception on 24^th May 2013. 

The fund is unique as the fund company has insider holding as well of  ₹260.68 Cr. The fund has achieved a Net Asset Value of ₹51.4230 as of 8^th Dec 2021 for its regular plan. 

The minimum applicable amount for lumpsum investment stands at ₹1,000 and the additional minimum amount is recorded at ₹1,000. The minimum amount for a monthly Systematic Investment Plan is ₹1,000 which can be quarterly turned into ₹3,000. 

The scheme comes with no entry load but the exit load follows as :

• With regards to each purchase/switch-in of units, 10% of the units may be redeemed without any exit load from the date of allotment.
• If redemption or switch-out of investments are made on or before 1 year from the date of allotment and if it exceeds the limit then it shall be subject to an exit load of 2%.
• 1% of exit load is charged if the investment is redeemed after 1 year but on or before 2 years from the date of allotment of units. There is no Exit Load if the investment is redeemed after 2 years from the date of allotment.
• No exit load will be charged if there is switch of transactions between Regular Plan and Direct Plan of the Scheme for existing as well as prospective investors.

The scheme is extended towards sectors of technology, finance, services and automobile and FMCG majorly. The CAGR stands at 24.02%. The capital appreciation of  ₹1,00,000 would be  ₹5,44,224 today if it was invested at the time of inception. 

Kotak Standard Multicap Fund

This scheme is aiming at a blend of value as well as growth stocks from small to large-cap. The fund is an open-ended scheme and is classified to be of high risk. 

The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity-related securities, generally focused on few selected sectors.

The preferred sectors of this fund are financial services, IT, oil and gas, cement and consumer goods majorly. The fund has options for Dividend Payout, Dividend Reinvestment & Growth.

Fund manager Mr. Harsha Upadhyaya is handling the fund with Asset Under Management for   ₹33,461.66 Cr since 11^th Sept 2009. The benchmark for this fund is NIFTY200. 

The fund has no entry load but the exit load is charged according to the following rules :

• Exit load is Nil if redemption of investment is up to 10% of the initial amount purchased or switched in within 1 year from the date of allotment.
• If units redeemed or switched out exceeds the limit within 1 year from the date of allotment then the investor is charged 1% as exit load.
• There is no exit load if units are redeemed or switched out on or after 1 year from the date of allotment.

The fund scheme is advisable for investors who aim at holding for 3 years or more. The minimum initial investment is allowed at ₹5,000 and add ons minimum amount is ₹1,000.

The minimum amount for a Systematic Investment plan is ₹500.

Axis Midcap Fund

This fund is an open-ended equity scheme where the main focus is on mid-cap stocks.

Mid-cap stocks have high growth potential and therefore provide higher returns over some time. 

The fund is managed by Mr. Shreyash Devalkar with Asset Under Management of ₹15,98,799 Cr as of 31^st Oct 2021.

The fund is risky and is advisable for long term investments for higher returns.

Yielding a CAGR of 19.92% from inception, the fund has been constantly performing well. More assets are attributed to regular growth plans. Portfolio turnover is given of 0.25 times for 1 year. 

The Net Asset Value as of 8^th Dec 2021 stands at ₹70.19. Suppose at inception you invested ₹1 lakh in this fund, it would have yielded ₹6.99 lakh outperforming the benchmark that would yield ₹4.35 lakh. 

The minimum initial investment allowed by individual investors is ₹5,000 with an additional minimum entry allowed at ₹100. The minimum SIP amount for monthly investment is ₹500.

Like most of the schemes, there is no entry load but an exit load is exercised as :

• If redemption of investments is done within 1 year from the date of allotment, an exit load of 1% is charged for 90% of the redeemed amount.
• If redemption of investments is done after 1 year from the date of allotment then exit load stands NIL. 

The main sectors of investment are financial services, IT, consumer goods, industrial manufacturing and consumer services. 

DSP Midcap Fund

This open-ended fund has been performing well in mid-cap equities and some parts of debt instruments. The regular growth plan has an asset allocation in equities for about 97.31% and debt instruments for about 2.78% of the total portfolio. 

This scheme is prone to high risk and is considered with the benchmark of nifty midcap 150.

Fund managers Mr. Vinit Sambre, Mr. Resham Jain and Mr. Jay Kothari are managing the fund having Asset Under the management of ₹13,784.99 Cr as of 30^th Nov 2021. 

The main aim of this fund is to consider mid-cap stocks for growth potential and capital appreciation for the long term. This fund holds 68.7% for mid-cap stocks and rest is divided in debt, small-cap along with large-cap stocks.

The investments account as ₹91.672 as Net Asset Value and this fund has an expense ratio of 1.76% on 8^th Dec 2021. The fund has outperformed the benchmark with a CAGR of 15.83% compared to the benchmark of 13.21% when taken since inception.

As an individual, you are obligated to spend a minimum lumpsum amount of  ₹500 initially and add ons at a minimum amount of ₹500 thereafter. The minimum systematic plan is allowed at ₹500 per month. 

Having no entry load, the scheme charges a 1% exit load if the investment is withdrawn in 1 year of allotment.

If one had invested ₹1,000 at inception, he/she would have gained up at ₹9,617 till 8^th Dec 2021 whereas at benchmark it would be attained at ₹6,496. 

The fund is diversified among major sectors such as consumer durables, industrial products, banks, pharma and finance.

The fund is recommended for people who aim at gains with high risk and are willing to face off middle growth companies portfolios. 

Axis Small Cap Fund

This regular growth fund is an open-ended scheme that deals majorly with small-cap stocks. The fund is Ideal for small-cap investors who can patiently invest and those willing to absorb short term volatility. 

Mr. Anupam Tiwari manages the fund having Asset Under Management of ₹7,362.16 Cr as of 31^st Oct 2021 with a CAGR of 25.01% since inception.

The fund is categorised as very high risk as it consists of small-cap highly volatile equity stocks.

Ideal investment to have high benefits would be suggested for 5 years or more. Net Value of Assets stands at ₹60.75 as of 8^th Dec 2021. Portfolio turnover for a year is at 0.22 times with an expense ratio of 0.37%.

The fund is considered with benchmark NIFTY small-cap 250 and has successfully outperformed the index.

An example of outperforming can be that if you had invested ₹1 lakh at inception, the fund would have been valued at ₹5.86 lakh in comparison to the benchmark return at ₹3.67 lakh. 

The minimum initial investment has to be ₹5,000 with add on of minimum ₹100. The minimum monthly systematic investment plan is fixed at ₹500.

With no entry load, the fund is free for entry but the exit load is as follows :

• Exit load is Nil for 10% of investment if redemption is done within 1 year from the date of allotment while for remaining investments it is 1%.
• If redeemed/switched out after 1 year from the date of allotment no exit load is charged.

Major investment is allocated to sectors such as chemicals, IT, industrial manufacturing, construction and consumer goods.

The top 3 stocks having shares in this small-cap fund are Tata Elxsi Limited, Galaxy Surfactants Limited and Brigade Enterprises Limited.

Investors aiming at capital appreciation with long term goals are advised to enter this fund. 

SBI Small Cap Fund

This fund is an open-ended scheme rating at the high-risk category in small-cap stocks. This regular growth plan revolves around equity since its inception, 9^th Sep 2009.

Fund manager Mr. R Srinivasan handles the investment having assets of ₹10,626.73 Cr under management accounted till 31^st Oct 2021. The fund has been set up with a comparative benchmark of the S&P BSE smallcap index. 

The fund can achieve a CAGR of 21.17%  till 31^st Oct 2021 when counted since inception. The fund has outperformed the benchmark having 8.03% more CAGR than the index counted since inception.

Having a net asset value of ₹105.0326 as of 8^th Dec 2021 with an expense ratio of 1.77 times. If you had invested ₹10,000 at the inception time, the investment would have gained profits standing at ₹1,03,035.2.

SBI Small Cap Fund aims to provide investors with opportunities for long-term growth in the capital by investing predominantly in a well-diversified basket of equity stocks of small-cap companies.

The fund follows a blend of growth and value style of investing and will follow a bottom-up investment strategy for stock selection.

The fund allows only Systematic investors to plan with a minimum amount of ₹500 per month and does not give an option of lumpsum investments.

Just like other top performers, this scheme has no entry load but the investor has to serve for exit load on terms :

• Within 1 year from the date of allotment : Exit load is 1%.
• After 1 year from the date of allotment : Exit load is Nil.

The fund portfolio is diversified largely among stocks of sectors like consumer goods, industrial manufacturing, chemicals and construction.

The top 3 holdings in Assets Under Management(AUM) are ELGI EQUIPMENTS LTD., CARBORUNDUM UNIVERSAL LTD. and JK CEMENT LTD.

This fund is recommended to be held for 5years or more for better capital appreciation. 

SBI Equity Hybrid Fund

SBI Equity Hybrid Fund aims to provide investors with opportunities for long-term capital appreciation with the liquidity of an open-ended scheme by investing in a mix of debt and equity.

The fund invests in a diversified portfolio of stocks of high growth companies and balances the risk through investing the rest in fixed-income securities.

The fund allocates assets in the range of 20-35% towards debt and money market instruments and rests in equity.

Fund managers Mr. R Srinivasan and Mr. Dinesh Ahuja handle the fund size of ₹48,052.42 Cr accounted as of 31^st Oct 2021.

The fund is categorized as a high-risk scheme dealing in both debt and equity instruments. Since its inception on 31^st Dec 1995, the fund is comparative with benchmark CRISIL hybrid 35+65 which is considered to be an aggressive index.

This fund yields a CAGR of 15.89% since its inception with an expense ratio of 1.58 times. The fund has a standing Net Asset value at ₹202.7041 as of 8^th Dec 2021.

The minimum entry amount through the lumpsum option is allowed at ₹1,000 with a minimum top-up amount at ₹1,000. A systematic investment plan is allowed with a minimum of ₹100 monthly. 

The returns would be ₹46,7191.9 if an individual had invested ₹10,000 at inception, which can be accommodated as a top-performing attribute of this fund.

The fund has an exit load for investors as follows :

1. For exit within 1 year from the date of allotment :

• • • For 10% of investment – Nil.
    • For remaining investments – 1%.

2. For exit after 1 year from the date of allotment – Nil.

This fund allocates major shares to commercial papers, dated government securities, equity shares, non-convertible debentures.

The top 3 allocations as per Asset under management are given to ICICI Bank ltd, HDFC Bank ltd and the Government Of India.

 The fund is only recommended to investors that are capable of handling emotional investing and aim at long term investments in aggressive deals. 

Mirae Asset Hybrid Equity Fund

The asset plan is an aggressive mix of debt and equity holdings facilitating an open-ended scheme for investors.

Being a hybrid fund, it is categorised as a high risked allocation and is advisable for risk-taking investors only. 

Since its inception, the fund has been the size of ₹6,245.63 Cr handled by Mr. Vrijesh Kasera, Mr. Harshad Borawake and  Mr. Mahendra Jajoo. The fund is comparative to the CRISIL hybrid 35+65 (aggressive index) .

The fund has yielded a CAGR of 13.32%  with an expense ratio of 1.80% and has outperformed the comparative index with +0.23% since inception. The fund provides option for either regular growth or direct growth plans for investors.

The net asset value of the fund stands at ₹22.175 as of 8^th Dec 2021. The diversification is held in major sectors as equity, government bonds and corporate bonds with 72.46% of the portfolio held in equity and 17.82% invested in debt instruments. 

If an investor would have invested a sum of ₹10,000 during inception, he would have his yield at ₹ 22,013 as of 30^th Sep 2021. 

Exit load for this fund is :

• If redeemed within 1 year from the date of allotment – 1%.
• If redeemed after 1 year from the date of allotment – NIL.

The minimum amount for initial investment is accounted at ₹5,000 and add on is allowed at a minimum of ₹1,000. The minimum entrance through a Systematic plan is allowed at ₹1,000 per month. 

The plan is suitable for investors with aim of holding for more than 3 years. This fund aims at Wealth Creation with Lower Volatility and Tax Efficiency. 

Conclusion 

Observing the top mutual funds, we have seen the most important factors that affect the investor mindset such as CAGR, capitalization, type of fund with respect to investment instruments, minimum investment amounts and risk factors.

These top funds tend to change their positions on the basis of Net asset values although it is observed that not much change in respected position happens in the short run. The fund reliability also depends on the companies they hold onto.

An investor is prone to risk and therefore the advertisement looks up to the quote “mutual fund investments are subject to market risk, read scheme related documents carefully”.

Read More – Dividend Stocks : Less Risky And More Stable