An emerging market like India is a global hotspot for retail and institutional investors to invest their money and enjoy a higher capital appreciation. You may be thrilled to know that India offers the highest savings rate globally today. India is witnessing an exponential growth of wealthy individuals who are currently untapped or under-tapped. In fact, the opportunities to create your wealth have spiked up mainly in the 21st century. You can think beyond traditional assets like fixed deposits. The opportunities to choose and invest in assets like gold and mutual funds grew, making it much more friendly for you. But you will be surprised to know that the lack of awareness has made mutual funds a less favoured investment scheme.
If you want to see your capital grow and capture the uptrend in the capital market, you could invest in mutual funds. Although there are several benefits, investing in mutual funds has its challenges. You must conduct proper due diligence and understand the risk-return objective before investing. India’s mutual fund industry offers many options for all your investment goals and objectives.
The fundamental benefit, if you invest in mutual funds, is that it allows you to diversify across categories like equity, debt, and gold to reap the maximum benefit.
On that note, let us look at one such mutual fund, Axis Bluechip Fund Direct Growth.
Axis Bluechip Fund Direct Growth has gained an industry-wide consensus of being one of the best mutual funds. The fund serves you with the opportunity to grow your wealth as opposed to only earning a dividend. This fund serves you well for long-term capital appreciation allocating in equities and equities-related avenues.
Suppose you are an investor who looks at generating wealth to fund your retirement, sponsor your children’s education, and fulfil your long-term financial goals. In that case, the Axis Bluechip Fund Direct Growth aligns with your investment objectives.
The following are the top 3 reasons to invest your money in Axis Bluechip Fund Direct Growth
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Posting better returns on a long-term basis
The Axis Bluechip Fund Direct Growth has the potential to beat inflation on a long-term basis. You need to note that the fund has posted an average annual return of 14.15% since its inception in 2013. However, similar funds or peers delivered an annual return of 11.02%. Investing in this fund fetches you a better return, potentially beating inflation in the long term. This fund also tracks higher assets under the management of Rs. 33836 crores as compared to other funds in this category. The fund posted a NAV of Rs 42.59 at market close on 17th June 2022.
The fund invests in stocks handpicked by the fund manager that can withstand the volatility in the market, navigate the bear phase, and bounce back into the bull phase with superior gains.
Ensuring a higher degree of transparency and liquidity
The mutual fund industry in India is progressing towards being more investor-friendly in terms of being more transparent and ensuring the liquidity of funds. The legal compliance posted by SEBI requires all mutual funds to be transparent. However, not all mutual funds prevalent in the market are adequately liquid with an imposed lock-in period of funds.
It is a boon for you that Axis Bluechip Fund Direct Growth has no lock-in period, and you can invest in the fund with a minimal capital of Rs 5000 and any amount in multiples of Rs 1000 after your initial investment. The fund calculates and displays the daily NAV to ensure compliance and fairly liquidy.
Stellar track record
The Axis Bluechip Fund Direct Growth, managed by Axis Mutual Fund, has a legacy of managing a client base of over 6 million, which includes retail and institutional investors across and boost of being the 7th largest fund house in India. The fund house advises an AUM of Rs 1.96 lac crores since inception.
The management team of the fund house understands and caters to your requirements of creating long-term wealth, securing your future furnishing you with a well-scripted financial plan and funds for your retired life.
It invests in large-cap stocks with a proven business model and also invests in small companies with the potential to explode in the long run. Thus far, Axis Bluechip Fund Direct Growth has delivered a higher return than its benchmark or S&P BSE 100 Total Return Index.
Conclusion:
You must understand the risk factors and conduct thorough due diligence before you invest in mutual funds as they are subject to market risks. Your investment fund must also align with your risk-return appetite and framework.
