With a current Asset Under Management (AUM) of INR 3,691.25 cr, the fund is rated extremely high risk and the minimum SIP (Systematic Investment Plan) is set to 1000. Canara Robeco Bluechip Equity Fund (Large-Cap)Īn equity mutual fund scheme launched by Canara Robeco Mutual Fund, this scheme has been available since 2013 and seeks to provide capital appreciation by mainly investing in companies having large market capitalization. The Axis Bluechip Fund aims to generate long-term capital growth through investment in a diverse portfolio and is suitable for investors who are looking for long-term capital appreciation. While they are less volatile than mid-cap or small-cap stocks and have sufficient liquidity, they are rated high risk and the minimum SIP is set to INR 500 with the minimum lump sum investment set to INR 5000. Launched by Axis Mutual Fund, the Axis Bluechip Fund currently has an AUM of INR 29,160.6 crore and invests in blue-chip stocks or stocks of large organizations that are financially stable and established. Mutual funds are often categorized as large-cap funds, mid-cap funds, small-cap funds, flexi cap funds, and ELSS (Equity-Linked Savings Scheme) funds. However, before delving into the best-performing mutual funds, it’s necessary to understand their classification.
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