As an investor, you can choose a large-cap mutual fund such as the SBI Blue Chip Fund Direct Growth. It was incorporated by SBI Mutual Funds in January 2013.
The fund is benchmarked against the S&P BSE 100 India TRI and holds the moderately low risk and expense ratio among the categories.
SBI Blue Chip Fund has completed 10 years from inception and currently holds an AUM of Rs. 43272.98 crore. The direct-growth plan has yielded 15.63% CAGR per year since its inception.
If you had invested 1 lakh in 2013, your fund would have grown to 4.0 lakhs in 2024.
The minimum lump sum to start investments in this fund is Rs. 5,000 and the minimum SIP (systematic investment plan) is Rs. 500 per month.
SBI Blue Chip funds comprise 4 plans,
- Direct Growth Plan (We speak about this plan in this article)
- Regular Growth
- Direct – IDCW (Dividend Plan)
- Regular – IDCW (Dividend Plan)
Here we are sharing the complete details of this bluechip fund that could make any investor make the right decision before investing.
SBI Blue Chip Fund Direct Growth NAV:
The current NAV of SBI Blue Chip Fund direct growth is 84.50 (as of February 9, 2024).
The NAV of other plans of the same blue chip funds is
- Regular Growth – 77.03
- IDCW – Regular Plan – 43.82
- IDCW – Direct Plan – 54.83
During the NFO period, all 4 plans had a NAV of Rs. 10. By the above distinction, you could find the Direct-Growth plan helps grow your funds at higher rates than other plans.
Regular plans are best if you need a professional to manage your fund.
SBI Blue Chip Fund Direct Growth Performance:
Blue Chip Mutual Funds is an open-ended scheme that invests in large-cap companies (Top 100 companies in the Indian share market per share of market capital).
This fund’s objective was to outperform the benchmark (S&P BSE 100 TRI) with comparatively low risk.
The fund has performed at a CAGR of 15.63% per annum since inception vs. 12.83% to S&P BSE 100 (benchmark). The category average has performed at a CAGR of 15.66%.