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SBI Bluechip Fund: Fund Review

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SBI Bluechip Fund is among the top 5 funds in its category. The fund gave 10.48% return since its inception in February 2006. The fund manager, Ms. Sohini Adani, follows a bottom-up approach to stock picking. She invests in stocks that have growth prospects and good valuations. Investors looking at a well-diversified portfolio with relatively stable and lower volatility in their equity portfolio with a horizon of 3 years can look at investing in this fund.

 

 

Performance

SBI Bluechip Fund is ranked 5th in its category by Upwardly. The fund has managed to beat its benchmark majority of the times since its inception. The market’s correction has affected the performance of the fund in the short-term but in the long-term, the fund performed well.

SBI Bluechip Fund has beaten its category average by 0.5 percentage points and its benchmark by 2.8 percentage points in the 5-year returns. The fund has performed better than most of its peers in the 5-year returns. It seeks to perform better than its benchmark and peers on a consistent basis. The fund gave 10.48% annualized return since its launch in February 2006.

Fund1 Year Return (%)3 Year Return (%)5 Year Return (%)
SBI Bluechip Fund-4.00%10.27%15.99%
Reliance Large Cap Fund-1.61%14.36%17.80%
ICICI Prudential Bluechip Fund-2.17%13.83%15.26%
Axis Bluechip Fund9.90%15.00%15.82%
HDFC Top 100 Fund-0.72%16.55%15.78%

A SIP investment of Rs 5,000 a month in SBI Bluechip Fund started 5 years ago is worth Rs 3.75 lakhs now. A profit of Rs 75K in just 5 years. Even if one chose to redeem their investment then they wouldn’t be liable to pay any tax as gains up to Rs 1 lakh are exempt from taxes.

Fund Information

SBI Bluechip Fund is among the top 5 funds in its category. The fund is trusted for consistent returns over a long-term. The fund manager Ms Sohini Adani stands out in managing the fund. She follows a bottom-up approach to pick stocks. She invests in stocks that have growth prospects and good valuations.

The fund invests in companies that have a large business presence, good reputation and are market leaders in their industry. The fund has only those companies that have steady growth potential opportunity. Investors looking at a well-diversified portfolio with relatively stable and lower volatility in their equity portfolio with a horizon of 3 years can look at investing in this fund. This large-cap fund has the flexibility to invest 20% of its assets in mid-caps. This helps the fund to generate higher alpha.

The fund has a well-diversified portfolio with 59 stocks in its portfolio. The top five holding sectors constitute 68.47% of the portfolio. These include financials (35.20%), automobile (10.05%), consumer goods (9.46%), energy (7.17%), and construction (6.59%)

Recommendation

SBI Bluechip Fund is ideal for medium-term to long-term goals. Invest in this funds to build wealth for the long term. The fund has lower ups and downs (volatility) than other equity funds. The fund accepts both lump sum and SIP investments. Invest in this fund for an investment horizon of at least 3 years to give the best results. Do not look at the returns for this fund in short-term. The short-term returns can be manipulative.

Fund NameSBI Bluechip Fund
Launch DateFebruary 14th, 2006
AUMRs 20,610 crore
Return (Returns greater than 1 year are annualized)Since Launch: 10.48%
1 Year: -4.00%
3 Year: 10.27%
5 Year: 15.99%
Expense Ratio2.42%
Fund Category RiskHigh
Investment PlanGrowth
Minimum Investment Horizon5+ years
Minimum InvestmentRs 5,000
Minimum Additional InvestmentRs 1,000
Exit Load1% if withdrawn within 1 Year(s)
No exit load if withdrawn after 1 Year(s)
Fund ManagerSohini Andani

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