Axis Bluechip mutual fund's risk-return profile has deteriorated significantly; what should investors do?

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

BASIC FACTS
DATE OF LAUNCH
5 JANUARY 2010
CATEGORY

EQUITY
TYPE
LARGE CAP
AUM*
Rs.35,452 crore
BENCHMARK
BSE 100 TOTAL
RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.62.91
IDCW
Rs.20.93
MINIMUM INVESTMENT
Rs.100

MINIMUM SIP AMOUNT
Rs.100

EXPENSE RATIO# (%)
1.56
EXIT LOAD
For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days.

*AS ON 31 AUG 2024
**AS ON 30 SEP 2024
#AS ON 31 AUG 2024

FUND MANAGER
SHREYASH DEVALKAR
7 YEARS, 10 MONTHS

Recent portfolio changes
New entrants
Ambuja Cements, Bharat Petroleum Corporation, HDFC Life Insurance Company, ICICI Lombard General Insurance Comapny, Oil and Natural Gas Corporation (Jul). Cummins India, Divi’s Laboratories, Lupin (Aug).
Complete exits
Petronet LNG (Jul). Ambuja Cements, Bajaj Finserv, HCL Technologies (Aug).

Should You Buy
This fund continues to maintain a core portfolio of quality businesses with secular growth prospects. It also takes tactical positions in quality cyclicals linked to the fund manager’s views of cyclical factors and market positioning. In recent years, the fund has shed its earlier preference for running a compact portfolio in favour of a more diversified stance. Yet, it retains a few large positions in its top bets. It enjoyed a stellar run between 2017 and 2020, but has slipped sharply since then amid the market’s shift towards value segment. Its risk-return profile has also deteriorated significantly. Its fortunes may swing around as growth stocks regain favour.