Canara Robeco Bluechip Equity Fund (Growth)

Canara Robeco Bluechip Equity Fund (Growth) is an equity oriented large cap mutual fund scheme. Bluechip mutual funds invest in bluechip companies with large market capitalisation. These companies have a well-established track record of performance and potential of future growth and appreciation. In agreement with its investment objective the fund’s investment allocation is more than 80% towards large-cap companies and approx. 4% towards mid-cap companies. The scheme aims to achieve long term growth and wealth appreciation through its asset allocation strategies. The fund has a sufficient track record of 12 years for performance analysis. 

Investment Objective of Canara Robeco Bluechip Equity Fund (Growth)

Canara Robeco Bluechip Equity Fund (Growth) aims to provide growth and wealth appreciation over the long term. To achieve this investment objective, it invests majorly in companies with large market capitalisation. To achieve this objective, the investor must invest in the fund for a duration of 10 to 15 years with a minimum period of 5 years.

Canara Robeco Bluechip Equity Fund (Growth) Scheme Details

• NAV – The NAV of the fund as of 2nd April 2022 is Rs 40.70. The risk-o-meter of the fund is very high risk. Hence, an investor must understand that their principal amount investment will be exposed to volatility in the short-term. 
• Returns – Since its inception, Canara Robeco Bluechip Equity Fund (Growth) has delivered a return of 12.90%. The fund is benchmarked to S&P BSE 100 India TR INR
• Expense Ratio – The fund charges an expense ratio of 1.87% on the units of the mutual funds at the NAV. The fund charges an exit load. 1% – if redeemed or switched out within 1 year from the date of allotment. Nil – if redeemed or switched out after 1 year from the date of allotment.
• Fund Manager – The fund is managed by Vishal Mishra and Shridatta Bhandwaldar. Mr. Bhandwaldar holds a bachelor’s degree in mechanical engineering and a Master’s degree in management science (Finance). Prior to joining Canara Robeco Mutual Fund, he worked at SBI Pension Funds Pvt. Ltd. as Head-Research (July 2012-June 2016), Heritage India Advisory Pvt. Ltd. (Oct 2009-June 2012) as Senior Equity Analyst, Motilal Oswal Securities (Jan 2008-Sep 2009), and MF Global Securities (Jan 2008-Sep 2009). (Apr 2006-Dec 2008). 
  • Mr. Mishra has a B. Com. and A.C.A. degree. He has over ten years of experience in equities research and credit research. He has spent the last four years working at Daiwa Asset Mgt (India) Pvt. Ltd. Asst. Vice President Research at Collins Stewart India Pvt. Ltd. was his previous position. He worked at IL&FS Investment Ltd, Crisil Ltd, and Quantum Information Services Ltd, among others.

• Investment Amount – The minimum investment amount is Rs 5,000. You can invest through SIP with a minimum amount of Rs 1,000.
• Prescribed Asset Allocation – Large Cap equity and equity related instruments – 80% to 100% (Risk- High). Other Equity and equity related instruments – 0% to 20% (Risk- Low). Debt and Money Market Instruments – 0% to 20% (Risk- Low to Medium)

Review of Canara Robeco Bluechip Equity Fund (Growth)

Canara Robeco Bluechip Equity Fund- Regular (Growth) is recommended by Scripbox for a long-term investment within the large-cap mutual fund category. The scheme has consistently provided inflation beating returns in the long term. With a track record of 12 years, the fund provides a sufficient history of past performance for analysis. The relative size of the fund is large in comparison to other funds in similar categories. 

Canara Rob Bluechip Equity Fund is a large cap fund with 96% exposure in Indian equity, in which 88% is in large cap. The fund holds rank 1 in the category on the basis of average 1 year rolling return – 20.3% and average 3 years rolling return – 18.87%. Returns were calculated based on 1 year and 3 years rolling returns rolled monthly for the last 4 years. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund’s absolute and relative performance across all timescales, without bias.

The fund is in top 5 based on the quarterly outperformance count in the category. Out of 16 quarters the fund has outperformed the category average 10 times. The fund has second highest information ratio in the category. The information ratio is used to evaluate the skill of a portfolio manager at generating returns more than a given benchmark. With an AUM value of 6141.93 Cr., the fund is in top 10 in the category. The top 2 sectors of the fund are financial services and technology with 37.12% and 16.7%. 57% asset is in top 10 stocks.

Fund Performance

Annualised Returns

Performance Ratio

Asset Allocation

Asset Allocation as per Asset Type

Asset Allocation as per Sector

Frequently Asked Questions

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