If you are planning to invest in a mutual fund these days, but you are confused about which category to invest in, then you can start investing from bluechip fund. Here you can get good returns with less risk. Bluechip funds have given returns of up to 53% in the last 1 year. Pankaj Mathpal, founder and CEO of Personal Finance Expert and Optima Money Managers, is telling you about the bluechip fund so that you too can make a profit by investing in it.
First of all understand what are bluechip funds?
These are large-cap mutual funds, though some large-cap mutual funds have also added bluechips to their names. Such as Axis Bluechip Fund, ICICI Pru Bluechip Fund, SBI Bluechip Fund, Kotak Bluechip Fund or Franklin Bluechip Fund. Apart from this, Mirae Asset Emerging Bluechip Funds from the Large and Mid Cap segment are Principal Emerging Bluechip Funds.
There is less risk in it
Bluechip companies tell companies that are large in size and whose financial position is strong. It is believed that the fluctuations in their stocks are less, so the possibility of loss on investing money in them, especially in the long run, is less. For large cap mutual fund schemes, it is necessary to invest at least 80% of the funds raised from investors in the top 100 companies.
Who should invest in it?
Bluechip funds are recommended to investors who wish to enter the stock market with less risk. These schemes should invest keeping in mind the time period of at least 5 years. However, there is no lock-in period, so you can withdraw money if needed, but keep in mind that in the short run, fluctuations in the stock market can have a greater impact on your investment, while in the long run this risk is reduced. .
Investing through SIP will be right
Investments should be made by investing in a mutual fund through a systematic investment plan ie SIP. Through SIP, you put a certain amount in it every month. This reduces the risk further as it does not affect the market fluctuations much.
These bluechip funds gave excellent returns in last 1 year
| Fund Name | Last 1 Year Return (%) | Annual average return (%) in last 3 years | Annual average return (%) in last 5 years |
| Mirae Asset Large Cap Fund | 57.1 | 12.8 | 16.8 |
| HDFC Index Fund | 56.2 | 13.4 | 15.1 |
| ICICI Prudential Sensex Index Fund | 55.8 | 13.4 | |
| Tata index fund | 55.1 | 13.5 | 15.0 |
| Canara Robeco Bluechip Equity Fund | 53.4 | 16.7 | 17.4 |
| Motilal Oswal Focused 25 Fund | 48.5 | 12.7 | 18.1 |
| Axis Bluechip Fund | 42.2 | 15.4 | 17.3 |
