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This large-cap mutual fund gave 16% returns in 3 years; should you buy?


ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

SBI Blue Chip Fund

BASIC FACTS
DATE OF LAUNCH

14 FEB 2006
CATEGORY
EQUITY
TYPE
LARGE CAP
AUM*
Rs.44,819 crore
BENCHMARK
S&P BSE 100 TOTAL
RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION

Rs.80.85
NAV**
IDCW

Rs.46.00
MINIMUM INVESTMENT
Rs.5,000

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MINIMUM SIP AMOUNT
Rs.500

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EXPENSE RATIO# (%)
1.54
EXIT LOAD
1% for redemption within 365 days

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*AS ON 31 MAR 2024
**AS ON 7 MAY 2024
#AS ON 31 MAR 2024

FUND MANAGER
SAURABH PANT
1 MONTH

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Recent portfolio changes
New entrants

Tata Consultancy Services (Mar).
Complete exits
Jio Financial Services (Mar).
Increasing allocation
Asian Paints, Britannia Industries, Mankind Pharma (Feb). Avenue Supermarts, ITC, Kotak Mahindra Bank, Max Healthcare Institute (Mar).

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Should You Buy?
The fund has seen a leadership transition, with its seasoned fund manager passing the reins to a new successor. The previous fund manager had an unwavering focus on quality, supplemented with a buyand-hold approach. While the new fund manager will retain the quality tilt, he intends to incorporate the momentum strategy, which could bring in some churn in the portfolio. The active positions in the fund might also be hiked in the medium term to help generate excess return over the benchmark. The fund has visibly struggled to beat the index and its peers in the past few years. The new fund manager will need time to prove execution capabilities in this challenging segment.



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