Is SBI Bluechip Fund safe?

A banker has asked me to invest in SBI Bluechip Fund. Is it safe? Will it be beneficial? I am investing Rs 2,000 every month for five years.
--Suchika Sacher

SBI Bluechip Fund is a largecap scheme that invests in stocks of very large companies. Largecap schemes are considered less volatile than other equity schemes like mid and smallcap schemes. They are recommended to conservative equity mutual fund investors with an investment horizon of five to seven years. They offer modest returns.

Is it safe? Well, all equity mutual fund schemes, including largecap schemes, carry risk as they invest in stocks. However, stocks are considered ideal to invest for long-term goals as they have the potential to offer superior returns than other assets. If you are ready to hold the investment for a long period, you can hope to get superior after tax returns. Try to link your investment to a long-term goal. Also, keep track of the performance of the scheme by comparing its performance with its benchmark index and category.