SBI Bluechip Fund Direct Growth Details

SBI Bluechip Fund Direct Growth 

It is an equity mutual fund offered by SBI Mutual Fund. It primarily invests in large-cap stocks of blue-chip companies with a stable track record of growth and profitability. 

Some Important Details :
1) . Investment Objective: The investment objective of SBI Bluechip Fund Direct Growth is to provide long-term capital appreciation by investing primarily in large-cap stocks.

2. Fund Manager: The fund is managed by Sohini Andani, who has over 20 years of experience in the industry and has been managing the fund since September 2010.

3. Asset Allocation: The fund invests a minimum of 80% of its assets in equity and equity-related instruments of large-cap companies, while the remaining amount may be invested in debt and money market instruments.

4. Risk Profile: SBI Bluechip Fund Direct Growth is a moderately high-risk investment, suitable for investors looking for long-term capital appreciation with some volatility in returns.
5. Minimum Investment: The minimum investment amount for the fund is Rs. 5000.

6. Expense Ratio: The expense ratio for the direct plan of the fund is 0.85%, which is lower than the regular plan.

7. Benchmark: The fund's benchmark is the Nifty 50 TRI.

8. Returns: As of September 2021, the fund has generated a return of around 18% since its inception, with an average annualized return of around 13% in the last 5 years.

Note: It is always recommended to consult a financial advisor before investing in any mutual fund scheme.