Poker and investments have one thing in common – the value of blue chips! Bluechips are stocks of companies which are market or sector veterans. They are reliable, well-recognized and have a history of robust financial performance, Canara Robeco Bluechip Equity Fund is no different.
This is one of the strongest schemes available in the market. This Canara Robeco Bluechip Equity Fund Analysis will solve all your queries.
- Fund Details
Canara Robeco, a joint venture between Canara Bank and Robeco Group launched the Canara Robeco Bluechip Equity Fund in August 2010. The fund predominantly invests in stocks of companies with a large market capitalization. These stocks comprise of the top 150 stocks in the Indian market. The core investment objective of this open-ended scheme is to offer capital appreciation to investors through investment in blue-chip stocks. The top holdings consist of well-known market players such as HDFC Bank, ICICI Bank, Infosys, Reliance Industries, Kotak Mahindra Bank, L&T, HUL, etc. As on 30th November 2019, the AUM of the fund stood at Rs. 253.07 crores. The minimum investment required is Rs. 1000 (SIP) or Rs. 5000 (Lumpsum). There is no lock-in period in this fund.
- Fund Managers
The Fund is managed by two well-experienced and skilled fund managers – Mr Shridatta Bhandwaldar and Mr Sanjay Bembalkar. The Canara Robeco Bluechip Equity Fund Analysis is done by them before investing.
- Asset Allocation
The fund has allocated 93.43% of the corpus in equity instruments. One noticeable factor is that unlike its other counterparts, it has made zero investment in debt instruments.
- Portfolio Allocation
The Canara Robeco Bluechip Equity Fund portfolio is spread across 12 major industries. The top three sectors consist of more than half of the total portfolio – Financial (37.4%), Technology (8.8%) and Construction (8.62%).
- Risk Quotient
As the fund invests predominantly in equity or equity-related instruments, the associated risk is considered moderately high.
- Performance Highlights
A batsman is as good as his batting scorecard. Similarly, the true test of a fund lies in its performance numbers. Since its inception in 2010, Canara Robeco Bluechip Equity Fund has generated returns (CAGR) of 11.35%. In absolute terms, if you had invested Rs. 10,000 at the launch of the fund, today you would have Rs.26820 in your wallet.
Canara Robeco Bluechip Equity Fund Analysis of its Benchmark Performance:
This fund has consistently outperformed the benchmark (S&P BSE 100 TRI) across various time periods.
|Canara Robeco Bluechip Equity Fund||Scheme Benchmark|
The returns generated by Canara Robeco Bluechip Equity Fund are not just higher than other large-cap equity funds but other investment avenues as well. For instance, here is a yield comparison, if you had invested in a monthly SIP of Rs. 5,000 for a period of five years.
|Total value||Net Gains|
|Canara Robeco Bluechip Equity Fund||4.21 Lakhs||1.21 L|
|Category Average||3.92 Lakhs||0.92 L|
|Fixed Deposits with banks||3.58 Lakhs||0.58 L|
|Gold||3.73 Lakhs||0.73 L|
The fund has also demonstrated high capability to generate risk-adjusted returns and minimize losses during a bearish market phase.
- Overall review
The Canara Robeco Bluechip Equity Fund is a good choice for investors who are on the lookout for capital appreciation and have a long term investment horizon. The fund has been highly consistent in generating returns. In spite of being heavily invested in equities, it has displayed better immunity towards excessive market fluctuations. So, if you want to invest in Canara Robeco Bluechip Equity Fund, you can do it online without any charges and grow your wealth faster with this Fund. After all, it is the second best-ranked fund in its category.