When a fund stands out at various fronts, then definitely an efficient fund manager is supervising it. Therefore, the financial analysts of MySIPonline have researched about SBI Bluechip Fund (G), which has been performing consistently well from past many years. This review has been provided with full details in the article further as under:
About the Fund:
SBI Bluechip Fund has started its journey in the year 2006 and had reached to one of the largest AUMs of the category with Rs 19,064 Cr as on Jun 30, 2018. The expense ratio of the fund is 2.44%.
The open-ended large-cap category fund, its average market capitalisation is Rs 104,048.37 Cr as on July 28, 2018. This capital is invested 61.18% in giant companies, 26.19% in large-cap companies, 11.61% in mid-cap and 1.02% in small-cap companies. The asset allocation of the fund is 93% in equity, 5% in money market securities, and 2% in debt instruments.
The fund is holding stocks in 58 companies of diversified sectors, which majorly include finance and banking, automobile, construction, FMCG, healthcare sector, etc. The top companies, where it is investing are HDFC Bank, Larsen & Toubro, Mahindra and Mahindra, ITC, and Nestle India.
Past Performance Analysis:
Following S&P BSE 100 Index, SBI Bluechip has delivered the returns of 11.56% since its launch. The fund has beaten its benchmark and category average in the five and seven years compounded returns. These returns were 19.25% in the five years and 15.47% in seven years.
The alpha generated by the fund in the past three years as provided on June 30, 2018, by the financial experts of MySIPonline was 0.10%. The highest returns of the fund were in the year 2009 with 87.9%. The last two years returns of the fund for the years 2016 and 2017 were below the benchmark, but higher than the category average.
The also incurred less losses in the year 2011 bearish market as well as in 2015, when the benchmark and category both were in negative, but it has given better returns to investors.
Fund Manager:
The fund manager and her convictions both are working magnificently towards SBI Bluechip Fund Growth. Ms Sohini Andani follows the blend of growth and value investing as well as the top-down and bottom-up approaches of investing. She used to keep track of various sectors, where she can invest to make the fund grow faster.
Ms Andani joined SBI fund management team in 2007 as the Head of Research. She has an overall experience of 23 years in the financial space, portfolio management, equity research and fund management. Under her guidance, the fund has shown high growth, as she gets associated with the fund in the year 2010. Her confidence in the financial sector, where she invests most leads the fund to better growth.
The NAV of SBI Bluechip Fund G is Rs 39.053 as on July 28, 2018. It is suitable for the investors who have an appetite of tolerating a moderately high-risk on their principal amount. Investors who want to achieve goals of wealth creation should invest in the fund for 5 or more years.
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