This MorningStar 4-Star Bluechip Mutual Fund Returned Up To 70%
Kotak Bluechip Fund – Growth
| NAV | Fund size | Expense ratio |
|---|---|---|
| ₹378.29 | ₹3651.87Cr | 2.11% |
*NAV as of January 21, 2022
The expenditure rate is 2.11%; which is lower than the category average is 2.23%, apt to give you better profitability. That said, this SIP mutual fund has been rated 4 stars by rating agency MorningStar. It is one of the best blue chip mutual fund SIPs available in its category, with a significant long-term advantage. The size of the fund is smaller than some other funds. But the Kotak Mahindra Mutual Fund is a reputable fund house, so it is a safe investment.
It has had an average annual return of 17.05% since inception. The fund is invested in Indian equities up to 95.51%, the rest in other securities. The fund’s annual turnover is 33%. The fund aims to create capital appreciation through a portfolio consisting primarily of equities and equity-related instruments owned by large corporations.
If you invest for five years or more, your expected earnings will easily outpace inflation and fixed income returns. The SIP in the fund can be started with a minimum of rupees. 1,000. The fund is very risky, however, its performance among its peers is very good. It is also classified 5 stars by the CRISL.
Returns – absolute and annualized
The Fund offered good returns on investment of Rs 10,000:
| Period invested for | Absolute returns | Annualized returns | Category average |
|---|---|---|---|
| 1 year | 23.53% | 23.53% | 18.70% |
| 2 years | 48.65% | 21.89% | 17.16% |
| 3 years | 71.59% | 19.70% | 14.95% |
| 5 years | 110.53% | 16.04% | 13.38% |
| 10 years | 302.79% | 14.93% | 13.36% |
| Since the creation | 3682.90% | 17.05% | 12.58% |
SIP Performance – Over Rs 1000 SIP
| Period invested for | Last value | Absolute returns | Annualized returns |
|---|---|---|---|
| 1 year | 13352.35 | 11.27% | 21.42% |
| 2 years | 33307.83 | 38.78% | 35.00% |
| 3 years | 52805.27 | 46.68% | 26.48% |
| 5 years | 95467.61 | 59.11% | 18.61% |
| 10 years | 268822.37 | 124.02% | 15.39% |