A bluechip fund is a mutual fund that invests in stocks of companies with a proven record to generate returns. The latest among them is the Sundaram Bluechip Fund which is open from 17 to 30 September 2020. The scheme reopens for subscription/redemption on 14 October 2020. Here are its key details.
Investment objective
The open-ended scheme aims to generate capital appreciation by investing a majority of the assets under management in large-cap stocks. These include the top 100 listed companies in terms of full market capitalisation.
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Asset allocation
| Instrument | Indicative Allocations (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| equity & equity-related securities of large cap stocks | 80 | 100 | High |
| Other equity | 0 | 20 | High |
| Investment in overseas securities / ADRs / GDRs* | 0 | 20 | High |
| Fixed Income and money market Instruments / Cash & Cash equivalents | 0 | 20 | Low-medium |
| Units issued by REITs/InVITs | 0 | 10 | |
*Global depositary receipt (GDR), American depositary receipt (ADR)
Scheme details
| Name | Sundaram Bluechip Fund |
| Type | Open-ended equity scheme investing in large-cap stocks |
| Category | Large-cap fund |
| Investment objective | To seek over medium to long term capital growth through investments in large-cap stocks. |
| Benchmark | Nifty 100 TRI Index** |
| Entry/Exit Load |
|
| Plans | Regular and Direct |
| Fund managers |
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| Options (under each plan) | Growth & dividend (Payout & reinvestment) |
| Minimum application amount | ₹100/– and multiples of ₹1/- thereafter |
| Additional application amount | ₹100/- & multiples of ₹1/- thereafter |
| Maximum total expense ratio | Up to 2.25% |
.**The Nifty 100 TRI index is a representation of the large-cap stocks in the market.
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This product is suitable for investors who are seeking:
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Investors understand that their principal will be at Moderately High risk. |
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by Sundaram Asset Management Company Limited. To read the entire document, click here.
Disclaimer
RKSV Securities India Private Limited (ARN/Distributor - 107930; brand name Upstox) is the distributor of the mutual fund. Please consult your investment advisor before investing.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
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