3 Rating Agency Favorite Mutual Fund SIPs

0

Canara Robeco Bluechip Equity Fund

This fund has been rated 5 stars by Morning Star and Value Research and also has a No. 1 rating by Crisil.

The fund has a strong performance history and a strong portfolio. For a SIP, the fund house stipulated a small sum of Rs 1,000, which is very affordable.

If investors were to start a SIP of Rs 10,000 each month, 36 months ago, the sum would have reached Rs 5.34 lakh, against Rs 3.6 lakh invested.

Canara Robeco Bluechip Equity Fund held stakes in 48 companies in its portfolio, which includes names like ICICI Bank, Infosys, HDFC Bank, Reliance Industries, etc.

While we don’t like lump sum investments in mutual funds, we strongly recommend that you invest through the SIP route. It tends to hedge risks, such as downside, as investors can buy shares at lower prices.

Mirae Asset Large Cap Fund - Good fund for SIPs

Mirae Asset Large Cap Fund – Good fund for SIPs

This fund has been rated 5 stars by CRISIL and Value Research. Again, like the peer above, he has a good, long-standing track record. This fund is essentially a large cap fund, which provides investors with long term capital appreciation.

The 1 year returns of the fund were 33%, while the 3 year returns were 17.65% on an annualized basis, while the 5 year returns were 17.53%. Assets under management are a solid Rs 30,000 crore. The fund is almost entirely invested in equities and has little cash or equivalent assets, which is not beneficial when the markets are down.

The fund holds stakes in shares of ICICI Bank, Infosys, HDFC Bank, Reliance Industries, etc. All stocks are index heavyweights and if the indexes jump, the net asset value of the fund will rise.

Axis Bluechip Fund - Solid returns from SIPs

Axis Bluechip Fund – Solid returns from SIPs

Axis Bluechip Fund has been rated 5 stars by Value Research and also 5 stars by Morningstar. The fund generated returns of 28.45% in 1 year, while the 5 year returns were 17.19% on an annualized basis.

The fund’s assets under management are Rs 33,000 crores. The fund holds stakes in stocks such as Bajaj Finance, ICICI Bank, HDFC Bank, Infosys and Avenue Supermarts.

A SIP investment of Rs 10,000 each month for the past 36 months would have resulted in returns of Rs 5.2 lakhs, against an investment of Rs 3.6 lakhs. We believe that the stock markets are overvalued at these levels and therefore even SIPs should only be considered for small amounts. If there is a sudden market collapse, then you can invest larger amounts, or you have to stick with very small amounts.

Warning

Warning

Investing in mutual funds is risky, especially in equity mutual funds. Investors should therefore exercise caution. Greynium Information Technologies, the author, is not responsible for any losses caused as a result of decisions based on the article.

Share.

Comments are closed.