About Axis Bluechip Fund
Axis Bluechip Fund is an open-ended equity scheme primarily investing in the stocks of large-cap companies.
The Benchmark of the scheme is NIFTY 50 TRI.
|Minimum Application Amount||Rs.5,000 & in multiples of Rs.1 thereafter|
|Minimum Additional Investment||Rs.100 & in multiples of Rs.1 thereafter|
|Type||Minimum Amount||Minimum Installments|
|Monthly||Rs.1,000 & in multiples of Rs.1 thereafter||6|
|Yearly||Rs.12,000 & in multiples of Rs.1 thereafter||3|
Entry Load: Nil
If units are redeemed or switched out within 1 year, then:
- Nil- Up to 10% of the units
- 1%- On units in excess of 10%
If units are redeemed or switched out after 1 year - Nil
Axis Bluechip Fund is suitable for investors with moderate to high-risk appetite looking to invest for a period of 5 years & above.
As the fund predominantly invests in equity securities, Axis Bluechip Fund has the taxability of an equity mutual fund scheme. Following taxation is applicable:
- If the units are sold after 1 year, then the gains on investments are treated as Long Term Capital Gains (LTCG). LTCG of up to Rs 1 lacs in a financial year is tax-free and above that, it is taxed at the rate of 10% without the benefit of indexation.
- If the units are sold within 1 year, then the gains are treated as Short Term Capital Gains (STCG) and are taxed at the rate of 15%.
Axis Bluechip Fund’s Asset Allocation
Under normal conditions, the pattern of asset allocation is as follows:
|Assets||Minimum indicative allocation (% of total assets)||Maximum indicative allocation (% of total assets)||Risk Profile|
|Equity & Equity related securities of Large-cap companies||80||100||High|
|Equity & Equity related securities of other companies||0||20||High|
|Debt & money market instruments||0||20||Low to Moderate|
|REITs & InVITs||0||10||Moderate to High|
Who should invest?
Large-cap funds are those equity mutual funds that invest in the equity & equity-related securities of the Top 100 companies in terms of market capitalization. These companies have strong balance sheets, large market shares & organized management which makes them leaders in their sectors.
Investments in Axis Bluechip Fund can be made by investors who want to invest in established entities with a track record of excellent performance for a long period of time. The large size of the underlying holdings makes investments in these funds relatively stable as compared to investments in other equity fund categories.
Investors looking to invest in equity funds with relatively low volatility could consider investments in this fund. The fund can be a good investment for an investor’s core equity portfolio.
The following people are eligible for investing in this scheme:
- Indian Resident Adults (single holder or on a joint basis)
- Hindu Undivided Family
- Partnership entities
- Limited Liability Partnership units
- Minor through parent or a legal guardian
- Sole Proprietor
- Corporates, PSUs & others.
- Banks & Financial Institutions
- Religious & Charitable Trusts
- Defense & paramilitary units
- Foreign Portfolio Investors
- Pension/Provident/Gratuity Funds
- Trustee, AMCs or Sponsors
- Other schemes of Axis or other mutual funds
- Alternative Investment Funds
How to invest in Axis Bluechip Fund ?
You can invest in Axis Bluechip Fund through any AMFI distributor, AMC, banks or third party platforms. If you need any help with your investments, you can reach out to our ZFunds Experts on Whatsapp - 7217746224.
Frequently Asked Questions about Axis Bluechip Fund Growth
Q. What returns have Axis Bluechip Fund Growth given in the past five years ?
A. The scheme has given an annual return of 12.9 percent over the past five years. An investment of INR 100000 in the Axis Bluechip Fund Growth five years back would have become INR 188000 today. Moreover, a monthly SIP (systematic investment plan) of INR 10000 started five years back would have become 850000 today.
Q. What is the minimum amount for SIP and lump sum investments in Axis Bluechip Fund Growth ?
A. You can start SIP in Axis Bluechip Fund Growth with just INR 500 per month. Moreover, you can have any additional amount in the multiples of 1. In case you are making lump sum investments in the Axis Bluechip Fund Growth plan, then you can start with INR 5000 and in multiples of 1 thereafter. However, you can make subsequent lump sum investments in the fund starting with just INR 100 and in multiples of 1 thereafter.
Q. Is there any risk while investing in Axis Bluechip Fund ?
A. Yes. All mutual fund investments are subject to market risks. However, Axis Bluechip Fund invests in India’s biggest companies in terms of market cap. Hence, the risk might be slightly lower as compared to some other mutual fund schemes (small cap and mid cap) available for investment.
Q. What is the current Axis Bluechip Fund NAV ?
A. The current Axis Bluechip Fund NAV is INR 43.6, and the fund size is INR 36979.68 crores, as on 26th September 2022.
Q. What is a bluechip fund ?
A. A bluechip fund – also known as a large cap fund – is an open-ended equity scheme that primarily invests in equity and equity-related instruments of large-cap companies. Such investments amount to over 65 percent of the total investible corpus of the scheme. Bluechip or large cap companies usually have a proven track record and are market leaders in their segments.
Q. What are the tax implications of returns from the Axis Bluechip Fund scheme ?
A. The tax implication depends on the duration of investment. For instance, if you sell your mutual fund units after one year of purchase, then the gains are treated as long-term capital gains or LTCG. Such gains of up to INR 100000 in a financial year are exempted from tax, and a tax rate of 10 percent is applicable on any gains above that in a financial year. However, if you sell your Axis Bluechip Fund units within one year of purchase, then the gains are treated as short-term capital gains or STCG. These gains are taxed at 15 percent flat and there is no tax exemption.
Q. What is the expense ratio for Axis Bluechip Fund Regular Growth scheme?
A. The current expense ratio for Axis Bluechip Fund Regular Growth scheme, as on 26th September 2022, is 1.62 percent. It is the percentage that investors need to pay to the mutual fund company towards the management of the fund.
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