Direct growth of the Axis Bluechip fund plan
Among the Bluechip fund category, the Axis Bluechip fund has undoubtedly performed well since its inception over the past 8 years. The reason behind this is that the Axis Bluechip Fund Direct Growth Plan returns over the past year are 40.14%. According to statistics from Value Research, it has generated 16.80% average annual returns since its inception. The fund has an equity allocation in the financials, technology, services, healthcare and consumer goods sectors. Infosys Ltd., HDFC Bank Ltd., Bajaj Finance Ltd., Tata Consultancy Services Ltd. and Avenue Supermarts Ltd. are the top five holdings of the fund.
This fund has been rated 5 stars by Morningstar and Value Research, making it a decent bet for long-term capital appreciation. The fund currently has Rs 28,233 Cr in assets under management (AUM), and the current net asset value as of July 20, 2021 is Rs 46.33. The fund has a low expense ratio of 0.49% and an exit charge of 1%. One can start investing in this fund with a minimum amount of Rs 500 through the most preferred Systematic Investment Plan (SIP).
Canara Robeco Emerging Equities Fund Direct Growth
Canara Robeco Emerging Equities Fund Direct-Growth is a large and mid-cap mutual fund launched by the fund house Canara Robeco Mutual Fund in January 2013. This fund has also received a 5-star rating from both Morningstar and Value Research, indicating that it has the potential to generate risk-adjusted returns. The direct growth returns of the Canara Robeco Emerging Equities fund for the past year were 59.88%, according to statistics from Value Research.
It has generated an average annual return of 22.81% since its inception. The financials, automotive, healthcare, tech and chemicals sectors make up the majority of the fund’s holdings. HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Axis Bank Ltd. and Bajaj Finance Ltd. are among the top five holdings of the fund. The fund has an expense ratio of 0.64% and the SIP can be started with a minimum amount of Rs 1000. The fund currently has Rs 9,633 Crore in assets under management (AUM) and a NAV of Rs 161.33 on July 20, 2021. If the units are redeemed within one year of the investment, the fund imposes an exit charge of 1%.
Nippon India Short Term Fund Direct Growth
Nippon India Short Term Fund Direct-Growth is a short term mutual fund scheme which was established in January 2013 by the fund company Nippon India Mutual Fund. The one-year returns of the Nippon India Short Term Fund Direct-Growth are 6.42%. According to Value Research, it has delivered an average annual return of 8.79% since its inception. The fund’s debt allocation is split between the engineering, construction, sovereignty, energy and finance sectors. India Infradebt Ltd., Reserve Bank of India, Housing Development Finance Corpn. Ltd., GOI and India Grid Trust are among the fund’s largest holdings.
The fund’s expense ratio is 0.33%, which is comparable to other funds in the same category. As of July 20, 2021, the fund had Rs 9,249 crore in assets under management (AUM) and a net asset value of Rs 44.04. The reason why you chose this fund is that the fund has no exit charge and you can start SIP per month with Rs 500.
Best performing mutual funds in India
Based on ratings and performance, here are the top three performing mutual funds in 2021 to start SIP.
|Funds||1 year of returns||3 years back||5 year returns||Morningstar Rating||Evaluation by value search|
|Axis Bluechip Fund Direct Plan-Croissance||40.14%||15.42%||17.39%||5 stars||5 stars|
|Canara Robeco Emerging Equities Fund Direct-Growth||59.88%||18.39%||19.18%||5 stars||5 stars|
|Nippon India Short Term Fund Direct-Growth||6.42%||9.03%||8.13%||5 stars||4 stars|
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