About SBI Bluechip Fund
SBI Bluechip Fund is an open-ended equity scheme primarily investing in the stocks of large-cap companies.
The investment objective of the scheme is to provide long term capital appreciation to the investors by making investments in a diversified portfolio of equity & equity-related securities of large-cap companies.
The Benchmark of the scheme is S&P BSE 100 Index TRI.
|Minimum Application Amount||Rs.5,000 & in multiples of Rs.1 thereafter|
|Minimum Additional Investment||Rs.1000 & in multiples of Rs.1 thereafter|
|Type||Minimum Amount||Minimum Installments|
|Weekly||Rs.1,000 & in multiples of Rs.1 thereafter||6|
|Monthly||Rs.1,000 & in multiples of Rs.1 thereafter||6|
|Rs.500 & in multiples of Rs.1 thereafter||12|
|Quarterly||Rs.1,500 & in multiples of Rs.1 thereafter||4|
|Semi-Annual||Rs.3,000 & in multiples of Rs.1 thereafter||4|
|Yearly||Rs.5,000 & in multiples of Rs.1 thereafter||4|
Entry Load: Nil
If units are redeemed or switched out within 1 year - 1%
If units are redeemed or switched out after 1 year - Nil
SBI 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, SBI 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%.
SBI 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|
|Money market instruments||0||20||Low|
|REITs & InVITs||0||10||Moderate to High|
Who should invest in SBI Bluechip Fund?
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 SBI 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.
Eligibility - Who can invest?
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 SBI or other mutual funds
- Alternative Investment Funds
How to invest SBI Bluechip Fund?
You can invest in SBI 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 SBI Bluechip Fund
Q. What is the minimum amount required for investing in SBI Bluechip Fund ?
A. The minimum investment amount for this mutual fund scheme depends on whether you want to invest a lump sum amount or start an SIP or systematic investment plan. The minimum lump sum amount for SBI Bluechip Fund is INR 5000. However, after your initial investment, you can invest an additional lump sum amount of INR 1000 and above (in the multiples of 1).
Q. What are the top five stock holdings of SBI Bluechip Fund ?
A. ICICI Bank, HDFC Bank, Infosys, Reliance Industries and ITC are the top five holdings of this fund at the moment. Moreover, the fund has invested in a total of 53 stocks as on 15th October 2022.
Q. What is the current SBI Bluechip Fund NAV and fund size ?
A. The SBI Bluechip Fund NAV as on 15th October 2022 is INR 60.9, while the fund size is INR 34043.4 crores.
Q. What is the expense ratio for SBI Bluechip Mutual Fund ?
A. The current expense ratio for this fund, as on 15th October 2022, is 1.6 percent. This is the fee that SBI Mutual Fund charges investors against expenses incurred towards the management of the SBI Bluechip mutual fund scheme. The expense ratio for regular mutual fund schemes typically lies within 1.5 percent to 2 percent.
Q. Is there any lock-in period for SBI Bluechip Fund ?
A. No, there is no lock-in period for this fund since this is not an ELSS or equity-linked savings scheme. This means that you can redeem or switch out your SBI Bluechip Mutual Fund units at any point in time after allocation. It is important to note that since this is not an ELSS, you cannot claim tax deduction under Section 80C of the Income Tax Act.
Q. What are some other well-known mutual fund schemes by SBI Mutual Fund ?
A. SBI Technology Opportunities Fund – Regular Plan – Growth, SBI Small Cap Fund – Regular Plan – Growth, SBI Large & Midcap Fund – Regular Plan – Growth, SBI Focused Equity Fund – Regular Plan –Growth, SBI NIFTY Index Fund – Regular Plan – Growth, and SBI Flexicap Fund – Regular Plan –Growth Option are some popular schemes by SBI Mutual Fund. You can invest in all of these and many more on ZFunds.
Q. Should anyone looking for short-term gains invest in SBI Bluechip Fund ?
A. This fund is recommended for people who are looking to stay invested for several years.