Invest in bluechip funds, giving a return of 64% in the last 1 year
If you are looking for a place to invest these days where you can get a good return with low risk then you can start investing in mutual fund bluechip funds. Bluechip funds have returned 64% in the last 1 year. Today we are telling you about Bluechip Fund so that you too can make a profit by investing in it.
What is a Bluechip Fund?
They are large-cap mutual funds. However, some large-cap mutual funds have also attached bluechips to their names. Such as, Axis Bluechip Fund, ICICI Pru Bluechip Fund, SBI Bluechip Fund, Kotak Bluechip Fund or Franklin Bluechip Fund. Apart from that, Mira Asset Emerging Bluechip Funds from the Large and Mid Cap segment are Principal Emerging Bluechip Funds.
It carries less risk
Bluechip companies are companies that are very large in size and have a strong financial position. It is believed that their stocks have low volatility, so investing in them is less likely to result in losses, especially in the long run.
1. Make quick lumpsum or SIP investments:
Enter the scheme you want to invest in, decide the amount and select bank from which you want to pay and make an online payment. And you are done.
Choose from multiple online payment options - net banking, debit card, NEFT/RTGS transfer, OTM.
Whats more? You can make multiple investments in a single order! Why should investing online be different than shopping online :)
2. Save tax under 80C:
Save up to Rs. 46,350* in taxes. Invest Rs. 1.5 lakh in DSP Tax Saver Fund, and save your income from the tax! You can also opt to automate your tax saving investments for every year by starting a SIP in this fund.
*Assuming a tax rate of 30.90% (comprising of 30% income tax, 2% education cess & 1% secondary & higher education cess). The above tax exemption is as per Section 80 C of the Income Tax Act, 1961.
3. Find the right scheme with easy to use filters & scheme pages:
Use filters to shortlist schemes based on your time horizon, risk profile, and investment goals.
Get in-depth details of the schemes you shortlist with easy to understand historical performance charts, latest portfolio, and returns calculator.
4. Unfix Your Money:
Invest in debt funds & get a chance to earn better, tax efficient returns than FDs. When you stay invested for 3 years or more in debt funds, indexation benefit reduces the tax outgo on returns!
5. Easy Account Access:
No need to remember any password or even username! Just enter PAN & tap to get an OTP to get auto-logged into your account!
6. One tap to withdraw investments:
You can put a redemption request as easily as you invest. We will also go the extra mile to show you the exit load applicable, if any.
7. Manage SIPs in few clicks:
Modify your SIPs’ tenure, alter your monthly investment amount, opt for a Top-up or convert existing SIP into a Top-up SIP. Moreover, invest commitment-free with an option to cancel your SIP anytime without any penalties!
DSP also allows you to use the payment instruction set for 1 SIP to be used for starting future SIPs on the fly.
Large cap mutual fund schemes are required to invest at least 80% of the funds collected from investors in the top 100 companies. Bluechip funds are advised to invest in those investors who want to enter the stock market with less risk.
It is worth investing in for a long time
According to Pankaj Mathpal, a personal finance expert and founder and CEO of Optima Money Managers, investing in these schemes should be done with a time period of at least 5 years. One thing to keep in mind is that short-term stock market fluctuations can have a greater impact on your investment while in the long run the risk is lower.
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Here are some of the many features of theBLUECHIP MF PORTFOLIO App:
• Get a summary view of the current status of your investments across asset classes
• Get a summary view of the insurance cover of all members in your family
• Drill down to full detail
• View Upcoming portfolio events
• Get alerts about your important events such as life insurance premium due, general insurance renewals, SIP due, FMP maturity, etc.
• Buy / Redeem / Switch Mutual Funds online from any AMC
• Get best in the class MF advisory
• Raise a service ticket to your advisor
• Host of useful financial calculators to help you plan your short term and long term financial goals
• Digital Vault – access your important documents anytime from your Smartphone
• Provides coverage of all major General Insurance sections such as Health, Motor, Fire etc.
• Track small saving investments like PPF, NSC, KVP, FD, RD etc.
• Maintain your investments in Stocks, Bonds, Bullion, Commodities etc