KOTAK BLUECHIP FUND
NOT AMONG THE CATEGORY LEADERS
ET Wealth collaborates with Value Research to analyse top mutual funds.
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
How has the fund performed?
With a 10-year return of 9.92%, the fund has outperformed the benchmark index (8.51%) but underperformed the category average (10.38%).
The fund has underperformed some of its peers over the past decade.
Yearly performance (%)
The fund’s returns profile has slipped in recent years.
Date of launch: 29 DEC 1998
Type: Large cap
Average AUM : Rs 1,350.02 Crore
Benchmark: Nifty 50 Index
WHAT IT COSTS
Growth option: Rs 220
Dividend option: Rs 33
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 1,000
Expense ratio (%): 2.17
Exit Load: 1% for redemption within 365 days
* As on 5 June 2018
Fund manager: Harish Krishnan
Tenure: 4 years and 3 months
Where does the fund invest?
The fund’s top picks are mostly index heavyweights.
How risky is it?
The fund’s risk-return profile has slipped relative to peers.
Wherever not specified, data as on 30 Apr 2018. source: Value Research
Should You Buy
Earlier known as Kotak 50, this fund has been renamed to reflect its large-cap focus. It maintains the same approach as before— preferring businesses that are likely to grow at a faster pace than the benchmark index. The fund manager identifies growth sectors and then zeroes in on the leaders in the chosen sector. The fund prefers companies with strong brands or franchise and those less prone to recessions or cycles. The top picks in the portfolio are usually index heavyweights, but the remaining portfolio includes several stocks outside the index. The fund’s performance has slipped in recent years, hurting its riskreturn profile relative to peers. Investors may opt for a fund with a more proven track record till the time this one finds its feet.
Source- Economic Times, Google.
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