Top Blue chip Mutual Funds in India: Did you know that less than a third of India’s population is financially literate? They are the ones who can make effective decisions, making use of their financial skills. Many others, even if they have the skills, do not have adequate time to manage their portfolio. They then invest in mutual funds. Fund managers are professionals who give superior returns and manage risks by managing investors’ money. Most investors make it a point to invest in at least one blue-chip mutual fund.

Top Blue chip Mutual Funds in India

In this article, we are going to take a look at some of the top blue chip mutual funds in India. We’ll compare them based on parameters like annualized returns, expense ratios, assets under management (AUM), and more. We have considered direct-growth plans for these funds. Keep reading to find out!

Top Blue chip Mutual Funds in India #1 – Canara Robeco Bluechip Equity Fund

Fund CompanyCanara Robeco Asset Management Company1-year Returns6.03
Date of InceptionAugust 20, 20103-year Returns (annualized)18.93
Fund Size (AUM in Cr)8,6425-year Returns (annualized)14.60
No. of Stocks Held45Expense Ratio0.42%
Stock Allocation96.03%Exit Load (after 1 year)0.00%

Canara Robeco Bluechip Equity Fund is a bluechip fund from Canara Robeco Asset Management Company. The fund has been in existence since August 20, 2010, and has an AUM of ₹ 8,642 crores. It tracks the S&P BSE 100 India Index. The fund’s objective is to provide capital appreciation by predominantly investing in companies having a large market capitalization.

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Allocation

96.03% of the fund’s money is allocated in equity with a focus on the financial, technology, energy, consumer staples, and automobile sectors. These investments are in 45 stocks. The fund’s top holdings include HDFC Bank (9.79%), ICICI Bank (8.19%), Infosys (7.16%), Reliance Industries (6.26%)State Bank of India (4.20%). 51.69% of its assets are in its top ten holdings.

Returns

The fund has the ability to deliver returns consistently and is in line with most funds of its category. Canara Robeco Bluechip Equity Fund has given 1-year returns of 6.03% against 6.38% by the benchmark. It has 3-year annualized returns of 18.93% (benchmark 20.37%) and 5-year annualized returns of 14.60% (Benchmark 12.28%).

It has an exit load of 0.00% after one year and an expense ratio of 0.42%. The minimum amount to be invested in the case of SIP is ₹ 1,000 and a lump sum is ₹ 5,000.

Fund Manager

Shridatta Bhandwaldar is a BE (Mechanical) and MMS (Finance). He has worked with SBI Pension Funds Pvt. Ltd. as Head-Research, Heritage India Advisory Pvt. Ltd. as Senior Equity Analyst, Motilal Oswal Securities, and MF Global Securities earlier.

Vishal Mishra has more than 10 yrs of experience in the areas of equity research & credit research. associated with IL&FS Investment Ltd, Crisil Ltd, and Quantum Information Services Ltd earlier.

Top Blue chip Mutual Funds in India #2 – Kotak Bluechip Fund

Fund CompanyKotak Mahindra Asset Management Company1-year Returns8.00%
Date of InceptionJanuary 01, 20133-year Returns (annualized)20.23%
Fund Size (AUM in Cr)5,2595-year Returns (annualized)12.88%
No. of Stocks Held58Expense Ratio0.64%
Stock Allocation98.53%Exit Load (after 1 year)0.00%

Kotak Bluechip Fund is a bluechip fund from Canara Robeco Asset Management Company. Kotak Mahindra Asset Management Company. The fund has been in existence since January 01, 2013, and has an AUM of ₹ 5,259 crores. It tracks the S&P BSE 100 India Index.

The fund’s objective is to generate capital appreciation from a portfolio of predominantly equity and equity-related securities falling under the category of large-cap companies.

Allocation

98.53% of the fund’s money is allocated in equity with a focus on the financial, technology, automobile, energy, and consumer staples sectors. These investments are in 58 stocks. The fund’s top holdings include ICICI Bank (7.07%), HDFC Bank (6.54%), Reliance Industries (6.14%),  Infosys (5.66%), and ITC (4.01%). 46.32% of its assets are in its top ten holdings.

Returns

Kotak Bluechip Fund has given 1-year returns of 8.00% against 6.38% by the benchmark. It has 3-year annualized returns of 20.23% (benchmark 20.37%) and 5-year annualized returns of 12.88% (Benchmark 12.28%). It has an exit load of 0.00% after one year and an expense ratio of 0.64%. The minimum amount to be invested in the case of SIP is ₹ 1,000 and a lump sum is ₹ 5,000.

Fund Manager

Harish Krishnan has been managing the fund since January 01, 2014. He has 13 years of experience spread over Equity Research and Fund Management. He was associated with  Infosys Technologies in his earlier stint. He holds a CFA, PGDBM (IIM Kozhikode), and B.Tech (Electronics & Communications).

Top Blue chip Mutual Funds in India #3 – ICICI Prudential Bluechip Fund 

Fund CompanyICICI Prudential Asset Management Company1-year Returns7.83%
Date of InceptionMay 23, 20083-year Returns (annualized)20.48%
Fund Size (AUM in Cr)34,1995-year Returns (annualized)11.70%
No. of Stocks Held71Expense Ratio1.67%
Stock Allocation91.15%Exit Load (after 1 year)0.00%

ICICI Prudential Bluechip Fund is a bluechip fund from ICICI Prudential Asset Management Company. The fund has been in existence since May 23, 2008, and has an AUM of ₹ 34,199 crores. It tracks the NIFTY 100 Index. The fund’s objective is to generate long-term capital appreciation and income distribution to investors from a portfolio that is predominantly invested in equity and equity-related securities of large-cap companies.

Allocation

91.15% of the fund’s money is allocated in equity with a focus on the financial, energy, technology, automobile, and construction sectors. These investments are in 71 stocks. The fund’s top holdings include ICICI Bank (9.34%), Reliance Industries (8.02%), HDFC Bank(7.08%), Infosys (6.65%), and Larsen & Toubro (6.55%). 55.56% of its assets are in its top ten holdings.

Returns

ICICI Prudential Bluechip Fund has given 1-year returns of 7.83% against 6.38% by the benchmark. It has 3-year annualized returns of 20.48% (benchmark 20.37%) and 5-year annualized returns of 11.70% (Benchmark 12.28%). It has an exit load of 0.00% after one year and an expense ratio of 1.67%. The minimum amount to be invested in the case of SIP is ₹ 100 and a lump sum is ₹ 100.

Fund Manager

Anish Tawakley is a PGDM (MBA) from IIM Bangalore and B. Tech (Mechanical Engineering) from IIT Delhi. He has worked with  Barclays India – Equity Research, and Credit Suisse India – Equity research – Indian financial services sector, prior to joining ICICI AMC.

Vaibhav Dusad has done B. Tech, M.Tech, and MBA. He has worked with Morgan Stanley, HSBC Global Banking and Markets, CRISIL, Zinnov Management Consulting, and Citibank Singapore earlier.

Top Blue chip Mutual Funds in India #4 – Axis Bluechip Fund

Fund CompanyAxis Asset Management Company Ltd.1-year Returns-3.54
Date of InceptionJanuary 05, 20103-year Returns (annualized)10.87
Fund Size (AUM in Cr)33,0505-year Returns (annualized)11.08
No. of Stocks Held35Expense Ratio1.65%
Stock Allocation86.42%Exit Load (after 1 year)0.00%

Axis Bluechip Fund is a bluechip fund from Axis Asset Management Company.  The fund has been in existence since January 05, 2010, and has an AUM (assets under management) of ₹ 33,050 crores. It tracks the S&P BSE 100 India Index. Its objective is to achieve long-term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity-related securities of Large Cap companies including derivatives.

Allocation

86.42% of the fund’s money is allocated in equity, and 12.77% of its money is currently in cash. Most of its money is invested in the financial, technology, energy, services, and automobile sectors. These investments are in 35 stocks. Its top holdings include ICICI Bank (9.12%), HDFC Bank (9.08%),  Bajaj Finance (7.95%), Infosys (6.68%), and Avenue Supermarts (5.84%). 59.16% of its assets are in its top ten holdings.

Returns

Axis Mutual Fund has given 1-year returns of -3.54% against 6.38% by the benchmark. It has 3-year annualized returns of 10.87% (benchmark 20.37%) and 5-year annualized returns of 11.08% (Benchmark 12.28%). It has an exit load of 0.00% after one year and an expense ratio of 1.65%. The minimum amount to be invested in the case of SIP is ₹100 and a lump sum is ₹ 500. The fund is mainly suitable for long-term investments.

Fund Manager

Shreyash Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University, He has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India, and Calyon Bank earlier.

List of Top Blue chip Mutual Funds in India

Here is a summary of the top blue chip mutual funds in India:

Size (AUM in Rs Cr)Inception Date1-yr return3-yr return (annualized)Expense ratioExit Load (after 1-yr)Assets in Top 10 Holdings (%)No. of Stocks HeldStock Allocation (%)
Canara Robeco Bluechip Equity Fund8,642August 20, 20106.03%18.93%0.42%0.00%51.69%4596.03%
Kotak Bluechip Fund5,259January 01, 20138.00%20.23%0.64%0.00%46.32%5898.53%
ICICI Prudential Bluechip Fund34,199May 23, 20087.83%20.48%1.67%0.00%55.56%7191.15%
Axis Bluechip Fund33,050January 05, 2010-3.54%10.87%1.65%0.00%59.16%3586.42%

In Closing

In this article, we took a look at some of the top blue chip mutual funds in India. Mutual funds are long-term investments and looking at one-year returns is insufficient. Certain funds may not do well in the short term but they may provide good returns in the long term. It is better to choose funds that have a low expense ratio but tend to give higher returns. That’s all for this article folks. Happy investing until next time.

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