Contents
About
SBI Bluechip direct Fund growth is a large-cap mutual funds scheme that helps in investing in stocks of very large companies. Large-cap schemes are considered less volatile than other equity schemes like mid-cap funds and small-cap mutual funds schemes. They are recommended to equity mutual funds investors with an investment period of five to seven years. They offer good returns.
This 5-year-old fund has performed well with good returns that have beaten the market in each of the 1-year, 3-year, and 5-year timescale. SBI Bluechip Fund aims to provide investors with opportunities for long-term growth in capital through active management of investments. In a wide-ranging pool of equity stocks of companies whose market capitalization is at least equal to or more than the least market capitalized stock of S&P BSE Sensex 100 Index.
SBI Bluechip Direct Fund Details
AUM | ₹ 17869 cr. |
NAV | ₹40.6853(As on April 20,18) |
Minimum SIP investment | ₹500 |
Minimum Lump sum investment | ₹5000 |
Expense Ratio | 1.35% |
Returns 1 Year | 16.11% |
Beta | 0.86 |
Standard Deviation | 12.34% |
Sharpe Ratio | 0.37 |
Portfolio Turnover | 1.07 |
Risk Grade | Moderately High Risk |
Benchmark | S&P BSE 100 Index |
Expense Ratio | 1.15 |
Exit Load | NIL |
Fund Manager | Ms.Sohini Andani |
SBI Bluechip Fund is a large-cap equity fund that has given market-beating returns throughout the 5 years of its origin.
Its expense ratio of 1.15% for a direct plan is at par with other funds in the same category. Additionally, the SBI Bluechip fund belongs to the Moderately High-Risk category.
However, the high return grade compensates for that. The SBI Bluechip fund Direct-Growth carries no exit load (after 1-year), unlike other funds in this category.
This fund has a minimum SIP amount of only ₹500, which encourages investors to invest even small amounts periodically, usually monthly. S&P BSE 100 Index is a benchmark for this particular fund.
The fund, managed has outperformed its benchmark index in its 1 Year, 3 Year and 5 Year performance giving returns of 16.11%, 12.43%, and 19.85% respectively. These returns are in comparison to benchmark returns for the similar period corresponding to 14.75%, 7.86%, and 11.86% respectively. The following Histogram shows the graphical representation of the information.
The fund is available in two plans ie, Direct Plan and Regular Plan. The fund also provides SIP investment, Systematic Withdrawal Plan and STP options for its investors.
This fund does not have any Entry load. Moreover, it does not have any exit load, for an exit from this scheme after a period of 1 year from the date of allotment.
However, if an investor exits from the fund before the period of one year from the date of allotment, then an exit load of 1% will be levied upon the investor.
Difference Between Direct Plan And Regular Plan
Regular and Direct plans are two options to buy the same mutual fund scheme. Which is run by the same fund managers who invest in the same stocks and bonds? The prime difference between the two is that in the case of a regular plan your AMC or mutual fund house does pay a commission to your broker as distribution expenses or transaction fee out of your investment, whereas in case of a direct plan, no such commission is paid. You can Read about The Commission structure of a Mutual Fund Agent.
Particulars | Regular Plan | Direct Plan |
---|---|---|
Expense Ratio | High | Low |
Returns | Low | High |
Investment Advice | Available | Not available |
Market Research | Done by distributor/agent | Done by self |
Convenience | More | Less |
SBI Bluechip Fund: Review
The fund’s portfolio is different towards large-cap stocks with a mix of some medium-cap stocks. This fund also keeps a small portion of cash to make use of any future investment opportunities. The fund also has a very small part of the total Assets Under Management(AUM) invested in debt.
Equity contains about 93% of the total AUM, while cash comprises approximately 6%. The balance of nearly 1% is invested in Debt.
Large-cap mutual funds and mid-cap mutual fund stocks comprise about 86% and 14% of the fund’s AUM respectively.
In terms of sector allocation, the fund investments are well diversified in various sectors like:
- financial services (31.06%)
- automobile (10.72%)
- Chemicals (10%)
- Construction (7.16%)
- consumer goods (9.25%)
- Pharmaceutical (5.86%)
- Cement (4.01%)
- energy (6.19%)
We can observe that the fund is heavy on the financial services industry with investments in being about one-third of the total corpus.
SBI Bluechip Funds Holdings
It is very important to know its holdings. That a mutual funds scheme is invested in to understand the fund’s performance. It helps the investors to understand what returns can be expected based on market conditions.
Some of the top stock holdings of this fund are:
- HDFC Bank (8.38%)
- L&T Limited (4.86%)
- Mahindra & Mahindra Limited (3.78%)
- ITC Limited (3.31%)
- Nestle India Limited (3.17%)
- HDFC Limited (2.57%)
- Hero Motorcorp Limited (2.47%)
The fund has been pretty successful in creating wealth for its long-term investors. It is a good option for investors looking for high capital appreciation over a long-term period.
With a total of 65 securities, the fund has a P/E ratio(price to earnings ratio) of 36.57 and P/B ratio(price to book value ratio) of 6.21.
Fund Manager of SBI Bluechip Funds
SBI Bluechip Mutual fund is managed by Ms. Sohini Andani, aged 45 years. She is a qualified Chartered Accountant and a B. COM graduate.
She has been successful in managing this fund for the past 7 and a half years. She has an experience of more than 20 years in the area of financial services. Ms. Andani has worked with ING Investment Management Pvt. Ltd. as a Senior Analyst, prior to joining SBI Fund Management Pvt. Ltd.
At present, she is also managing SBI Magnum Multi-cap Fund, SBI Banking & Financial services fund along with SBI Bluechip Fund.
How to Invest in SBI Bluechip Fund?
SBI Bluechip Fund-Direct-Growth is available for investment in the WealthBucket.
For saving, simply contact our fund advisors, choose the fund – SBI Bluechip Fund – make payment and start your investing.
We at WealthBucket work day & night to make the process of mutual funds investment a pleasurable experience. You could start investing in any of the equity mutual funds, debt mutual funds, small-cap mutual funds, large-cap mutual funds and so on. So, what are you waiting for? It doesn’t matter if you have millions in extra cash or just Rs. 100 only to begin with. We deal with both of these scenarios.
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The data provided in this article is dated 31st Dec 2018. Please visit the site WealthBucket for the latest data.