What is the performance of Canara Robeco Bluechip Fund – Direct Plan – SIP?
SIP in simple terms refers to a Systematic Investment Plan. Mutual funds offer SIPs on their schemes to ease the investment of an individual. SIP can be started as low as Rs 500 and there is no upper limit specified. It aids an individual to make the habit of investing regularly.
Mutual funds offer various types of schemes such as debt-oriented schemes, equity-oriented schemes, hybrid schemes and other schemes which are divided into various categories. Canara Robeco Bluechip Fund is an open-ended large-cap fund. This fund is one of the highly-rated mutual funds within the category. All rating agencies such as CRISIL, Morningstar and Value Research have given a rating of 5 to this fund. If you had invested just Rs 2,000 every month i.e., Rs 24,000 p.a. from October 1, 2018, till the present date i.e., October 7, 2021, then your worth of investment would have been Rs 1,15,690 as against the amount invested of Rs 74,000.
Following graph depicts the growth of the above investment:
Now the question arises, what rate of return the above investment delivers? Let’s look at the same:
As we can see, if you had invested Rs 1,000 every month for three years you would have received a 29.34 per cent return.
Let’s look at the top 5 holdings of Canara Robeco Bluechip Fund – Direct Plan:
|
Company Name
|
Assets %
|
|
HDFC Bank
|
7.87%
|
|
ICICI Bank
|
7.05
|
|
Infosys
|
6.95
|
|
Reliance Industries
|
6.28
|
|
HDFC
|
4.72
|
The top 3 sector allocation of the fund is the following:
|
Sector Name
|
Allocation %
|
|
Financial
|
34.14
|
|
Technology
|
15.15
|
|
Energy
|
8.31
|