What is the Axis Bluechip Fund, and how does it work? What are the differences between its regular growth plan and direct growth plan, and what are their advantages? What is the NAV of Axis Bluechip Fund, and how has it performed historically?
Axis Bluechip Fund is an open-ended large-cap equity mutual fund scheme managed by Axis Mutual Fund House. It invests in safe and reliable large-cap companies with a market capitalisation of more than ₹20,000 crores, aiming to generate returns for its investors over the long term. The f
und primarily invests in well-known companies such as Infosys Ltd., Bajaj Finance Ltd., HDFC Bank Ltd., TCS Ltd., Kotak Mahindra Bank Ltd., ICICI Bank Ltd., and other prominent names in the corporate world.
Axis Bluechip Fund is available in two groups: regular growth plan and direct growth plan. The regular growth plan allows investors to invest in the fund through intermediaries, who receive a commission for selling the fund to investors. In contrast, the direct growth plan enables investors to invest in the fund directly without any intermediaries, providing complete control over their investments and the potential for better returns compared to the regular plan.
The NAV (Net Asset Value) of Axis Bluechip Fund reflects its growth and performance over time. The fund’s direct growth plan reached its peak NAV of ₹54.30 in October 2021, reflecting the stellar performance under the fund managers’ expertise. The NAV value of this fund as of 18th April 2023 is ₹47.54. The regular growth plan has witnessed significant growth in its NAV over the years, reaching its peak NAV of ₹48.67 on October 19th, 2019, from its initial NAV of ₹10 on January 5th, 2013.