Why Should You Invest In Axis Bluechip Fund In 2023?

By Author: ankjhonson
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Are you looking to invest in mutual funds that invest in stocks and shares of well-established companies with credible track records of financial performance that have a steady payout of dividends and profitability over the years? Then, blue-chip funds such as the Axis Bluechip Fund might be the right choice for you and they are offered by mutual funds, unit-linked insurance plans (ULIPs) and other investment firms.
 
 
About Axis Bluechip Fund and its performance
 
Axis Bluechip Fund is an open-ended equity mutual fund scheme and it mainly invests in a diversified portfolio consisting of equity and equity-related instruments in large-cap stocks and generates long-term capital growth. In recent years, active large-cap funds and blue-chip funds have been under the constant scrutiny of investors as most of them have failed to outperform in recent years.
 
However, the Axis Bluechip fund is an outlier and has consistently beaten its benchmark. But in ...
... 2022, the fund underperformed its peers and benchmark. Nevertheless, its long-term track record can be expected to show growth in 2023. It has outperformed the large-cap benchmark S&P BSE 100 TRI over the long term. When one compares the 5-year rolling return of the fund with the benchmark, it has delivered higher returns on most of the occasions. Furthermore, the fund has delivered a 5-year return of more than 10% on 89% of occasions. This means that if you had invested in Axis Bluechip on any given day over a 5-year period, you would have more than doubled your money.
 
 
 
Benefits of investing in Axis Bluechip Fund in 2023
You can invest in the Axis Bluechip Fund through your demat account, which comes with a wide variety of advantages that can benefit the investor in the long run. You can easily invest in them through SIP and Lump Sum with a minimum investment amount of ₹100 and ₹500, respectively. Investing in a mutual fund may allow you to build wealth over the long term.  Investors can target their life’s long-term financial goals, like retirement planning, securing their child’s financial future, building a marriage corpus for their child, etc.
 
 

Stable Investment

This fund mainly invests in large companies that, in turn, invest in large-cap funds. Such companies trade frequently which offer liquidity and are also less volatile.
 

Benchmark Performance

This fund operates with the aim of outperforming the benchmark and is less risky than the benchmark. It has two benchmarks, NIFTY 50 TRI and S&P BSE 100 TRI.
 

Proven track record

This fund has a proven track record since its inception on January 1, 2013 with a CAGR of 15.42% and its AUM (Asset Under Management) as of October 31, 2022 is ₹36,871.42 crores.
 

Diversification

Axis Bluechip Fund minimizes the risk of making losses by distributing their investments across various sectors like financial services, IT, consumer services, etc. in asset classes and will beat the inflation in coming years. 
 
 
Conclusion
Keep in mind that the Axis Bluechip Fund may have the potential to offer risk-adjusted returns over the long term, but it doesn’t guarantee returns. Hence, investors should invest in these schemes either by going to the Axis Mutual Fund website or through their Demat account. Investors with a very high risk appetite and a long-term investment horizon may consider investing in a blue-chip fund.