Canara Robeco Bluechip Equity Fund Direct Growth

Equity
Direct
Large-Cap
Canara Robeco Bluechip Equity Fund Direct Growth

About the Fund

Canara Robeco Bluechip Equity Fund is a popular mutual fund scheme offered by Canara Robeco Mutual Fund, one of India's leading asset management companies. The fund invests primarily in large-cap companies with a proven track record of stable earnings and strong fundamentals. Large cap companies are well established firms in their respective fields like HUL in consumer and ONGC in fuels.

The fund aims to provide long-term capital appreciation to investors by investing in high-quality blue-chip stocks across various sectors of the Indian economy. Canara Robeco Bluechip Equity Fund has been a favored investment option for those looking for a stable and reliable equity mutual fund in India.

Key Parameters

  1. Canara Robeco Bluechip Equity Fund Direct Growth has ₹13933 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

Canara Robeco Bluechip Equity Fund Direct Growth has given a CAGR return of 16.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 31.97%, 17.70% and 21.47% respectively.

Holdings

Canara Robeco Bluechip Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Consumer Defensive, Energy, Basic Materials, Communication, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Bharti Airtel Ltd

Taxation

As it is a large-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Canara Robeco Bluechip Equity Fund Direct Growth

The Investment Objective of the fund is to provide capital appreciation by predominantly investing in companies having a large market capitalization. However, there can be no assurance that the investment objective of the scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Canara Robeco Bluechip Equity Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
26861 people have invested ₹ 15.1Cr in Canara Robeco Bluechip Equity Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
4
/19
56% Performance
73% Risk Management
100% Cost
4 out of 19 among large-cap
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Lower volatility within category
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Recovers losses quickly
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5Y returns in the top 25% of the category
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No bad points found for this fund.

Fund Overview

Expense ratio0.45%
Benchmark
S&P BSE 100 India TR INR
AUM₹13933 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
26.84%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 96%

  • Debt & Cash 4%

Large cap
87.7%
Mid cap
8.2%
Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
31.3%
Consumer Cyclical
13.1%
Industrial
11.3%
Tech
9.8%
Health
8.1%
Consumer Defensive
6.6%
Energy
6.6%
Basic Materials
5.3%
Communication
5%
Utilities
2.8%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
8.63%
2.1%
ICICI Bank Ltd
ICICI Bank Ltd
7.71%
2.3%
Reliance Industries Ltd
Reliance Industries Ltd
6.29%
-1.8%
Infosys Ltd
Infosys Ltd
4.17%
6.6%
Bharti Airtel Ltd
Bharti Airtel Ltd
4.1%
-1.2%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Canara Robeco Bluechip Equity Fund Direct Growth
Canara Robeco Bluechip Equity Fund Direct Growth
32%
17.7%
21.5%
16.3%
JM Large Cap Fund (Direct) - Growth
JM Large Cap Fund (Direct) - Growth
46.7%
23.1%
21.1%
15.1%
ICICI Prudential Bluechip Fund Direct Plan Growth
ICICI Prudential Bluechip Fund Direct Plan Growth
38.4%
22.3%
21.4%
17.1%
Nippon India Large Cap Fund - Direct Plan - Growth Plan
Nippon India Large Cap Fund - Direct Plan - Growth Plan
38.2%
26.1%
22%
17.8%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Infosys Ltd
Infosys Ltd
20.3%
Samvardhana Motherson International Ltd
2.4%

Shridatta Bhandwaldar
Shridatta Bhandwaldar
Fund Manager of Canara Robeco Bluechip Equity Fund Direct Growth, since 5 July 2016
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Canara Robeco Flexi Cap Fund Direct Plan Growth Option
17.74%
18.85%
Canara Robeco Emerging Equities Direct Plan Growth Option
19.43%
21.68%
Canara Robeco Bluechip Equity Fund Direct Plan Growth
17.7%
17.88%
Vishal Mishra
Vishal Mishra
Fund Manager of Canara Robeco Bluechip Equity Fund Direct Growth, since 1 June 2021
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Canara Robeco Infrastructure Direct Plan Growth
34.73%
31.63%
Canara Robeco ELSS Tax Saver Direct Plan Growth Option
18.45%
19.51%
Canara Robeco Bluechip Equity Fund Direct Plan Growth
17.7%
17.88%

Mutual Fund Insights

Insights icon
In the last 1 year, Quant Large Cap Fund Direct Growth has given 47.94% return, outperforming this fund by 15.97%.
Insights icon
Over the last 6 months, this fund has experienced a 19.7% growth in AUM moving from 11.64K Cr to 13.93K Cr.
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Over the last 1 year, this fund has increased expense ratio by 7.1% moving from 0.42 to 0.45.
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This fund expense ratio is slightly on the lower side within the category (large-cap). Its expense ratio is 0.45% which is lower than the category average expense ratio of 0.77%.
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In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 26.1% return, outperforming this fund by 8.39% per annum.
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In the last 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 21.98% return, outperforming this fund by 0.52% per annum.

Canara Robeco Bluechip Equity Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.3% since inception which is more than its category average return of 14.31%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.96% in Equity, 0% in Debt and 4.04% in Cash related instruments
AUM size ₹13933 Cr

AUM size ₹13933 Cr

This fund has AUM of ₹13933 Cr which is more than its category average of ₹ 6761 Cr
Expense Ratio 0.45%

Expense Ratio 0.45%

This fund has an expense ratio of 0.45% which is less than its category average expense ratio of 1.31%

Frequently Asked Questions

The current NAV of Canara Robeco Bluechip Equity Fund Direct Growth is ₹68.93 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Canara Robeco Bluechip Equity Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.5%
3.5%
6 Month Returns
18.36%
18.36%
1 Year Returns
31.97%
31.97%
3 Years Returns
63.06%
17.7%
5 Years Returns
164.44%
21.47%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.45% as on June 2024
₹13933 Cr as on June 2024
HDFC Bank Ltd(8.63%), ICICI Bank Ltd(7.71%), Reliance Industries Ltd(6.29%), Infosys Ltd(4.17%), Bharti Airtel Ltd(4.1%) as on June 2024
Financial Services(30%), Consumer Cyclical(12.55%), Industrial(10.83%) as on June 2024
The alpha ratio for the Canara Robeco Bluechip Equity Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Canara Robeco Bluechip Equity Fund Direct Growth
2.57
0.57
3.17
As on June 2024
The alpha for Canara Robeco Bluechip Equity Fund Direct Growth is calculated against S&P BSE 100 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Canara Robeco Bluechip Equity Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Canara Robeco Bluechip Equity Fund Direct Growth
0.91
0.9
0.87
As on June 2024
The Beta for Canara Robeco Bluechip Equity Fund Direct Growth is calculated with S&P BSE 100 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Canara Robeco Bluechip Equity Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Canara Robeco Bluechip Equity Fund Direct Growth
2.1
0.97
0.89
As on June 2024
The sharpe ratio for Canara Robeco Bluechip Equity Fund Direct Growth is calculated with S&P BSE 100 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Canara Robeco Bluechip Equity Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Canara Robeco Bluechip Equity Fund Direct Growth
10.5
11.87
16.39
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.85 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Shridatta Bhandwaldar, Vishal Mishra are the fund managers of Canara Robeco Bluechip Equity Fund Direct Growth
The Exit load of Canara Robeco Bluechip Equity Fund Direct Growth is 1%