3 Year return

12.85%
Launched on January 2013 (11 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹33523.02 Cr.

Expense Ratio

0.7% (inclusive of GST)

Exit Load

If redeemed/swich out within 12 months from the date of allotment, - For 10% of investments : Nil - For remaining investments : 1% NIL - If redeemed/switch out after 12 months from the date of allotment.

Ratings

ARQ Rating
2

Ratings by other agencies

5
1
4

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Axis Mutual Fund Managers

SD

Shreyash Devalkar

Fund Manager since Dec 2023

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹275,166.00 Cr.
No. of Schemes 250
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About Axis Bluechip Fund Direct Plan Growth

The Axis Bluechip Fund Direct Plan Growth is an Equity Mutual Fund Scheme launched by Axis Mutual Fund. This fund primarily invests in blue-chip stocks of predominantly large and financially stable companies. These blue-chip stocks are known for their relatively lower volatility compared to mid-cap and small-cap stocks and typically have higher trading volumes and liquidity. The Axis Bluechip Fund follows a rigorous stock selection process. It is also characterised by a relatively low expense ratio and has a history of delivering consistent returns over the long term.

Investment Objective of the Scheme

The main investment objective of Axis Bluechip Fund Direct Plan Growth is to achieve substantial and sustained long-term capital appreciation. This objective is pursued primarily through investing in a well-diversified portfolio of stocks and related securities, with a particular focus on large companies. Additionally, the fund may utilise derivatives as part of its investment strategy. The inclusion of derivatives allows fund managers to potentially enhance returns or manage risk more effectively.

Key Features of The Fund

5-year return 15.14%
Expense Ratio 0.7%
Fund Manager Shreyash Devalkar
Fund Size ₹33523.02 Cr
Risk Profile Very High

Is This Scheme Right for Me?

Whether the Axis Blue Chip Fund Direct Growth is suitable for you depends on your specific investment objectives and preferences. This equity fund is well-suited for investors seeking long-term capital appreciation, ideally with an investment horizon of more than 5 years. It's important to note that there is no lock-in period for this fund, providing you with the flexibility to access your investment whenever required.

AMC Contact Details

Name Axis Mutual Fund
Launch Date January 2009
Addresss Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact 8108622211
Email customerservice@axismf.com
Website https://www.axismf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

FAQs

What is today's NAV of Axis Bluechip Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Axis Bluechip Fund Apr 30 2024 is 62.61

What is the AUM of Axis Bluechip Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Axis Bluechip Fund is 33523.02 crore.

What is the expense ratio of Axis Bluechip Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Axis Bluechip Fund is 0.7%

What are the returns of Axis Bluechip Fund since inception?

The Axis Bluechip Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 15.53 since inception.

What is the minimum SIP amount to invest in Axis Bluechip Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Axis Bluechip Fund is 100.

How do I invest in Axis Bluechip Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Axis Bluechip Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Axis Bluechip Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Axis Bluechip Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.