Axis Bluechip Fund Direct Plan Growth
Equity
Direct
Large-Cap
NAV: ₹ 61.59 as on 16-04-2024
Fund Performance
43681 people have invested ₹ 17.5Cr in Axis Bluechip Fund Direct Plan Growth in the last three months
Mutual Fund Insights
This fund expense ratio is slightly on the lower side within the category (large-cap). Its expense ratio is 0.66% which is lower than the category average expense ratio of 0.79%.
In the last 5 years, Baroda BNP Paribas Large Cap Fund Direct Plan Growth Option has given 18.81% return, outperforming this fund by 3.98% per annum.
In the last 1 year, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 43.28% return, outperforming this fund by 14.56%.
In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 26.35% return, outperforming this fund by 13.16% per annum.
Over the last 15 months, this fund has increased expense ratio by 15.8% moving from 0.57 to 0.66.
INDmoney Rank of Axis Bluechip Fund Direct Plan Growth
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13
/19
17% Performance
50% Risk Management
75% Cost
13 out of 19 among large-cap
Pros
Larger AUM within category
Beats FD returns for both 3Y & 5Y
Cons
Poor track record of protecting capital in bear phase
3Y returns in the bottom 25% of the category
About the Axis Bluechip Fund Direct Plan Growth
Axis Bluechip Fund Direct Plan Growth is a popular mutual fund scheme offered by Axis Mutual Fund. As the name suggests, this fund primarily invests in blue-chip companies, which are large and well-established companies with a proven track record of performance. The fund aims to generate long-term capital appreciation by investing in such companies, which have a strong brand, superior management, and a sustainable business model.Some of the key features of Axis Bluechip Fund include a rigorous stock selection process, a focus on quality and growth-oriented companies, a relatively low expense ratio, and a history of delivering consistent returns over the long term.
Key Parameters
- Axis Bluechip Fund Direct Plan Growth has ₹33523 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Axis Bluechip Fund Direct Plan Growth Overview
 | 0.66% |
 Benchmark | S&P BSE 100 India TR INR |
 | ₹33523 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 26.46% |
Axis Bluechip Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
95.8%
Mid cap
2.3%
Sector Allocation
Financial Services
30.8%
Consumer Cyclical
15.4%
Consumer Defensive
10.5%
Tech
8.8%
Energy
8%
Industrial
7.5%
Health
6.3%
Communication
5.6%
Basic Materials
4.2%
Utilities
1.7%
Real Estate
1.3%
Top Holdings of Axis Bluechip Fund Direct Plan Growth as on (31-Mar-24)
Equity Holdings45
Axis Bluechip Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 4.13% whereas the fund’s underlying benchmark Nifty 100 returns stands at 0.26% as on Mar'24
- This fund outperformed Nifty 100 by 3.88% in Mar'24
AUM Change
- AUM of the fund stands at 33.5K Cr as of Mar'24
- AUM increased by 877.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Axis Bluechip Fund Direct Plan Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Avenue Supermarts Ltd | 20.1% |
 Bajaj Finance Ltd | 12% |
 Bajaj Auto Ltd | 8.1% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Tata Consultancy Services Ltd | -3.6% |
 UltraTech Cement Ltd | 0.6% |
Peer Analysis
Axis Bluechip Fund Direct Plan Growth Fund Manager
Shreyash Devalkar
Fund Manager of Axis Bluechip Fund Direct Plan Growth, since 23 November 2016
Top funds managed
Ashish Naik
Fund Manager of Axis Bluechip Fund Direct Plan Growth, since 3 August 2023
Top funds managed
Axis Bluechip Fund Direct Plan Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.44% since inception which is more than its category average return of 13.36%
Fund Allocations
This fund has an allocation of 98.12% in Equity, 0% in Debt and 1.88% in Cash related instruments
AUM size ₹33523 Cr
This fund has AUM of ₹33523 Cr which is more than its category average of ₹ 6097 Cr
Expense Ratio 0.66%
This fund has an expense ratio of 0.66% which is less than its category average expense ratio of 1.32%
Frequently Asked Questions
The current NAV of Axis Bluechip Fund Direct Plan Growth is ₹61.59 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Axis Bluechip Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.74% | 2.74% |
6 Month Returns | 15.23% | 15.23% |
1 Year Returns | 28.71% | 28.71% |
3 Years Returns | 44.99% | 13.18% |
5 Years Returns | 99.71% | 14.84% |
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0.66% as on March 2024
₹33523 Cr as on March 2024
ICICI Bank Ltd(7.73%), Reliance Industries Ltd(7.1%), HDFC Bank Ltd(6.82%), Bajaj Finance Ltd(6.55%), Avenue Supermarts Ltd(5.73%) as on March 2024
Financial Services(30.24%), Consumer Cyclical(15.09%), Consumer Defensive(10.35%) as on March 2024
The alpha ratio for the Axis Bluechip Fund Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Bluechip Fund Direct Plan Growth | 2.16 | -3.3 | 1.09 |
As on March 2024
The alpha for Axis Bluechip Fund Direct Plan 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 Axis Bluechip Fund Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Bluechip Fund Direct Plan Growth | 0.87 | 0.96 | 0.82 |
As on March 2024
The Beta for Axis Bluechip Fund Direct Plan 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 Axis Bluechip Fund Direct Plan Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Bluechip Fund Direct Plan Growth | 2.35 | 0.63 | 0.66 |
As on March 2024
The sharpe ratio for Axis Bluechip Fund Direct Plan 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 Axis Bluechip Fund Direct Plan Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Bluechip Fund Direct Plan Growth | 9.6 | 13.12 | 16.04 |
As on March 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 1.12 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Shreyash Devalkar, Ashish Naik are the fund managers of Axis Bluechip Fund Direct Plan Growth
The Exit load of Axis Bluechip Fund Direct Plan Growth is 1%