Kotak Bluechip Fund (Growth)

Kotak Bluechip Fund-Growth is an open-ended large-cap equity mutual fund scheme. It predominantly invests in equity and equity related securities of large-cap companies. The fund aims to achieve long-term capital appreciation over the investment tenure. The fund was previously known as Kotak 50 Reg Gr. It aims to outperform the benchmark with a risk lower than the benchmark. Kotak Mahindra Mutual Fund manages the fund with the fund manager being Mr. Harish Krishnan.

Kotak Bluechip Fund-Growth Investment Objective

The investment objective of the Scheme is To generate capital appreciation from a portfolio of predominantly equity and equity related securities falling under the category of large Cap companies. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The fund has an investment of 98.20% in equity and equity-related securities of which its investment in large-cap companies is 77.98% while in mid-cap companies its investment is 19.76%

Kotak Bluechip Fund-Growth Scheme Details

The scheme was launched on 29th December 1998 and it has been in existence for the past 23 years. It continues to provide inflation beating growth over the investment duration.

NAV and Returns – As of 17th June 2021, the NAV of the fund is Rs 338.26. The risk-o-meter of the fund is very high risk. Kotak Bluechip Fund-Growth is a 23-year-old fund and has delivered a return of 15.19% since its inception.

Minimum Investment – The fund requires a minimum SIP investment of Rs 1000 and a minimum lump sum investment of Rs 5000

Expense Ratio and Exit Load – The expense ratio for the fund is 2.11% which is higher than the expense ratio charged by other AMCs for similar funds. An exit load of 1% for units in excess of 10% of the investment for any redemption within 12 months. No exit load is charged if the redemption is done after 12 months.

Fund Manager – The fund is managed by Mr. Harish Krishan. Mr. Harish Krishan has been managing the fund since 1st January 2014. Currently, he is associated with Kotak Mahindra Mutual Fund. Prior to joining Kotak Mutual Funds he was managing Kotak Offshore Funds. He posses over 13 years of experience in Equity Research and Fund Management.

Other Details – No lock-in period for the scheme, you can redeem your investment anytime. The AUM of Kotak Bluechip Fund is Rs 2,643 cr. The fund benchmarks to IISL Nifty 50 TR INR. This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term.

Last 1 Year Return	61.30 %
Last 3 Years Return	14.80 %
Last 5 Years Return	14.10 %
Last 10 Years Return	13.10 %

Kotak Bluechip Fund-Growth Top Stock Holdings

The Kotak Bluechip Fund-Growth has invested its assets majorly in the stocks of the following companies:

Company	Percentage of Holding
ICICI Bank Limited	8.20%
HDFC Bank Limited	7.50%
Reliance Industries Limited SHS Dematerialised	7.40%
Infosys Limited	7.10%
Tata Consultancy Services Limited	4.70%
Hindustan Unilever Limited	3.50%
Axis Bank Limited	3.30%
Housing Development Finance Corp Limited	3%

Asset Allocation of Kotak Bluechip Fund-Growth

The Kotak Bluechip Fund-Growth has invested in the following  sectors:

Sector	Percentage of Holding
Financial Services	32.20%
Technology	14.70%
Consumer Cyclical	10%
Energy	8.90%
Consumer Defensive	8.20%
Industrial	6.10%
Basic Materials	5.40%

Kotak Bluechip Fund-Growth Review

Scripbox recommends Kotak Bluechip Fund-Growth for investment within large cap mutual funds. Large-cap mutual funds provide inflation-beating growth over the long term. These funds are suitable for an investment objective with an investment duration of 10-15 years or longer (mininmum 5 years).

1. The fund has an extended history of 23 years for analysis. Track record is excellent.
2. With an AUM or relative size of Rs 2,643 cr, the fund is a large in size with its category.
3. The scheme has performed well consistently over a period of time and the returns earned are similar to other funds in the same category of mutual funds.
4. Very low impact of interest rate changes on the fund. In a way, the scheme has proven to be dependable under the large-cap mutual fund category.

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• Track record of the product – how long has it been around?
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