Best Bluechip Mutual Funds (2023)

Last Updated on Sep 27, 2023 by Harshit Singh

Besides stocks, one of the popular investment options is mutual funds. They offer a range of investment options for both short-term and long-term goals. One such mutual fund that offers long-term benefits is bluechip mutual funds. In this article, learn about the best bluechip mutual funds and their advantages.

Table of Contents

What is a bluechip mutual fund?

Bluechip mutual funds are a type of equity fund. According to the Securities and Exchange Board of India (SEBI), bluechip mutual funds must invest a minimum of 80% of their total assets in equity and related securities of large-cap companies. They provide relatively stable returns than small- and mid-cap funds. Hence, they are preferred by risk-averse investors.

The terms large-cap funds and bluechip funds are often used interchangeably because they both invest in large-cap companies.

Best blue chip mutual funds based on 3-yr CAGR

Blue chip mutual fund name	AUM (Rs. in cr.)	CAGR 3Y (%)	CAGR 5Y (%)
Nippon India Large Cap Fund	15,583.03	31.71	15.58
HDFC Top 100 Fund	25,775.56	28.19	13.89
ICICI Pru Bluechip Fund	40,078.90	25.93	14.55
Mahindra Manulife Large Cap Fund	264.79	24.90	0.00
SBI BlueChip Fund	38,881.48	24.68	14.70
Tata Large Cap Fund	1,613.33	24.58	14.05
Franklin India Bluechip Fund	6,769.45	24.26	11.66
Aditya Birla SL Frontline Equity Fund	23,758.17	23.98	13.52
Edelweiss Large Cap Fund	530.97	23.41	14.70
Kotak Bluechip Fund	6,369.87	22.98	15.05

Note: The list of best blue chip mutual funds is curated using Tickertape Mutual Fund Screener on the date 27th September 2023 by using following parameters –

Category: Equity > Large-cap
Plan: Growth
3-yr CAGR: Sorted from highest to lowest
5-yr CAGR

Best blue chip mutual funds based on volatility

Blue chip mutual fund name	AUM (Rs. in cr.)	Volatility (%)	Tracking Error	Absolute Returns – 6M (%)
Taurus Largecap Equity Fund	35.36	12.49	6.62	20.58
Quant Large Cap Fund	304.13	12.43	5.89	23.44
Mahindra Manulife Large Cap Fund	264.79	10.16	2.42	20.30
ITI Large Cap Fund	202.59	10.13	2.28	18.68
HSBC Large Cap Fund	1,562.79	10.06	2.39	19.22
Sundaram Large Cap Fund	3,147.92	10.05	2.23	19.05
Nippon India Large Cap Fund	15,583.03	10.03	2.69	24.58
Bank of India Bluechip Fund	114.17	10.03	3.24	20.73
Invesco India Largecap Fund	797.13	9.86	2.95	21.68
Bandhan Large Cap Fund	1,149.12	9.82	2.51	19.36

Note: The list of best blue chip mutual funds is curated using Tickertape Mutual Fund Screener on the date 27th September 2023 by using following parameters –

Category: Equity > Large-cap
Plan: Growth
Volatility – Sorted from highest to lowest
Tracking Error
6M Absolute Returns

Best blue chip mutual funds based on 1-yr absolute returns

Blue chip mutual fund name	AUM (Rs. in cr.)	Absolute Returns – 1Y (%)	Alpha
Nippon India Large Cap Fund	15,583.03	26.77	3.43
HDFC Top 100 Fund	25,775.56	24.36	3.9
Edelweiss Large Cap Fund	530.97	21.83	2.97
JM Large Cap Fund	48.73	21.30	1.89
ICICI Pru Bluechip Fund	40,078.90	20.24	3.42
DSP Top 100 Equity Fund	3,010.49	19.70	1.71
SBI BlueChip Fund	38,881.48	19.34	1.41
Baroda BNP Paribas Large Cap Fund	1,517.48	19.22	2.23
ITI Large Cap Fund	202.59	18.97	1.94
Invesco India Largecap Fund	797.13	18.97	2.1

Note: The list of best blue chip mutual funds is curated using Tickertape Mutual Fund Screener on the date 27th September 2023 by using following parameters –

Category: Equity > Large-cap
Plan: Growth
1-yr Absolute Returns – Sorted from highest to lowest
Alpha

Advantages of bluechip funds

Bluechip funds are considered an ideal investment for long-term goals. Hence it gives you enough time to build a healthy corpus and reach your financial goal.
Being highly popular, the liquidity of bluechip companies is high.
As the organisations in the bluechip companies are of high profile, they don’t generate revenue from a single channel. Hence the portfolio will be well-diversified.

Conclusion

Bluechip mutual funds are equity mutual funds with investments in large-cap companies. For this fact, they are considered stable and less vulnerable to market fluctuations. Hence, they are known to be less risky. To screen mutual funds based on different parameters, use Tickertape Mutual Fund Screener, which has over 50 filters to help you find your best mutual funds.

FAQs

1. What are the advantages of bluechip mutual funds?

There are many advantages of bluechip mutual funds, such as:
– They have relatively consistent growth, thus, providing financial stability and capital growth over time.
– Bluechip funds are open-ended. Hence, they can be redeemed or withdrawn whenever you require.
– SEBI and AMFI standards ensure bluechip funds as extremely safe.

2. What factors should one consider before investing in bluechip mutual funds?

Before investing in bluechip mutual funds, you must consider your cost of investment, risk appetite and investment horizon. It is best to do a cost-benefit analysis before investing in bluechip mutual funds.

On Tickertape, you can find basic scheme information, key metrics, peer comparison, tax implications, investment checklist, fund manager portfolio, and so much more. The tool offers 50+ diverse screener filters making it simpler to locate the top mutual funds!

3. How long should I stay invested in a bluechip mutual fund?

Bluechip mutual funds are known to yield better returns when invested in the long term. Hence, it makes sense to stay invested for at least 5-7 yrs. However, consider your investment objective and invest accordingly.