Performance Review: Axis Bluechip Fund

Axis Bluechip Fund is a large-cap fund and was one of the best performing funds within the category. The Asset Under Management of the fund is Rs 33,154 crore as of September 30, 2021. Fund was consistently performing well over the years since inception but in the last one year, this fund was not able to outperform its benchmark index. The objective of the fund is to provide long term returns along with capital appreciation by investing in diversified portfolios predominantly consisting of equity and equity-related securities including derivatives. The following table depicts the performance of the fund as compared to its benchmark index. 

The following is the NAV chart of the fund as against the S&P BSE 100 TRI: 

As we can see in the above chart the fund is not performing well for the last one year. This makes us realize that one should not stick to one fund over a long period, instead track the performance of the fund over the period. If you see a fund isn’t performing well or a fund is not able to outperform its benchmark, then one should switch to another fund that is performing well. 

Under the same category, UTI Mastershare Fund has been consistently outperforming its benchmark index i.e., S&P BSE 100 TRI. 

Let’s look at the top 5 holdings of Axis Bluechip fund: 

Top 3 Sector allocation