Since its inception on December 29, 1998, the Kotak Bluechip Fund has delivered a compounded annual growth rate (CAGR) of 16.36%. For perspective, this return means that if ₹10,000 were invested in the scheme as Systematic Investment Plan (SIP) every month, the investment would have grown to around ₹3.50 crore as of January 31, 2024.
Kotak Bluechip Fund mainly invests in companies with large market capitalisation segment across various sectors
The schemes endeavors to identify companies that are relatively stable in comparison to the broader market and endeavors to select stocks based on financial strength of companies, management strategies and reputation, track record and liquidity,
Kotak Mutual Fund said.
The fund’s current Assets Under Management (AUM) stand at ₹7,424.61 crore, as on January 31, 2024.
The top holdings of Kotak Bluechip Fund - Regular Plan - include allocations to HDFC Bank (7.07%), ICICI Bank (6.35%), Reliance (5.56%), Infosys (4.57%), and Larsen & Toubro (4.45%), according to Value Research.
As of January 31, 2024, the fund's asset allocation comprises 98.09% in equity, 1.67% in cash & cash equivalents, and 0.24% in debt, Value Research said.
Nilesh Shah, Managing Director,
Kotak Mahindra Mutual Fund, said, "Over the past 25 years, India's landscape has evolved significantly. Through every economic cycle, political phase, and fundamental shift, the Kotak Bluechip Fund has mirrored India's growth story."
Harsha Upadhyaya, Chief Investment Officer - Equity, Kotak Mahindra Mutual Fund, who has played a pivotal role in steering the fund's performance said, “Kotak Bluechip Fund has navigated various economic, political, and social changes over the past 25 years. The fund has outperformed both Nifty 100 TRI and Nifty 50 TRI over various time periods.”
First Published: Feb 22, 2024 10:42 AM IST
