What makes Axis Bluechip Fund a dependable outperformer

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.

HOW HAS THE FUND PERFORMED?
With a 7-year return of 14.86%, the fund has outperformed the benchmark index (12.33%) and the category average (12.21%).

BASIC FACTS
Date of launch: 5 JAN 2010
Category: Equity
Type: Large Cap
Average AUM: Rs 2,233.50 Cr
Benchmark: Nifty 50 Total Return

WHAT IT COSTS
NAVs* growth option: Rs 29
Dividend option: Rs 17
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 1,000
Expense Ratio^ (%): 2.1
Exit load: 1% will be charged for redemption within 365 days if more than 10% of the investment is redeemed.

Fund manager: Shreyash Devalkar
Tenure: 1 Year and 7 Months
Education: BTech, PGDM

Where does the fund invest?

Should you buy?
This fund has an impressive track record of outperformance. It emphasises on quality and growth in its stock picks, favouring companies with improving cash flows and higher earnings visibility. While the fund tends to maintain a compact portfolio, it has cut down on the number of stocks sharply in recent times in response to the prevailing market conditions where only some select stocks are doing well. The fund manager is comfortable taking large positions in a some high-conviction bets with the aim of delivering higher outperformance. The fund is adept at containing the downside better than its peers. This has held it in good stead over the long term, even as it has risked not matching peers during a market uptick. The fund has proven to a dependable offering in this category.