Please refer to the graph, this is the complete performance of Axis Bluechip Fund – Direct – Growth.
- On 14th Jan 2013, the NAV of this fund is Rs. 21.17, after 7 years of holding the investment the NAV has grown to 36.27 on 17th Feb 2020 with an annual return of 16.27%.
- 7 years is also termed as a long term investment. Still, you can hold for another 13 years to get maximum yields.
- It is in higher par when compared with its benchmark NIFTY 50, over the period of 7 years Axis fund yields 16.27 % per annum, whereas NIFTY 50 yields return nearly 12% per annum.
Same as stocks, in mutual funds too, we should be planning for long term investment to neutralize the risk associated and can yield a decent return of 12-16% per annum. When it comes to investing in equity (Shares & Mutual Funds), the investor should remove the greedy and fearful mindset.
Important Links:
You can take the historical data of a mutual fund from the following links
- Moneycontrol.com
- Morning Star
In the next topic, we shall discuss in detail “How to choose Mutual Fund”.
This subject is completely taken from practical sense from most of the successful financial leaders and even from my mentors and myself.
If you have any thoughts or comments please do share with us. Also, if we need to cover up on any specific topic please let us know. We will work together in bringing valuable content to enhance the wealth of your life