How Is Axis Bluechip Fund?

Is ELSS part of 80c?

Equity Linked Saving Scheme (ELSS) or a tax saving mutual fund schemes helps investors to save taxes under Section 80C of the Income Tax Act 1961.

The investments in ELSS are subject to a lock-in period of 3 years and qualify for a tax deduction of up to Rs 1.5 lakh..

Which SIP is best for 1 year?

Best SIP Plans for 1 Year Investment in FY 20 – 21Aditya Birla Sun Life Savings Fund. The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. … ICICI Prudential Ultra Short Term Fund. (Erstwhile ICICI Prudential Regular Income Fund) … Kotak Savings Fund.

Which is the best mutual fund to invest in 2020?

Scheme namePercentage (%)Axis Bluechip Fund – G25ICICI Prudential Bluechip Fund – G15Motilal Oswal Multicap 35 Fund – G10Aditya Birla Sun Life Regular Savings Fund -G507 more rows•Oct 16, 2020

Which mutual fund is eligible for 80c?

Only investments in equity linked saving schemes or ELSSs qualify for tax deduction under section 80C. Investors can claim tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. All ELSS funds qualify for the tax deduction under Section 80C.

Which is better sip or PPF?

SIP investment in mutual funds are ideal for all, short term, medium term and long term goals. They are ideal for wealth creation and fulfilment of goals. A PPF is ideally suitable for only long term investments of 15 years or more. … SIP investment in mutual funds do not have a defined lock-in period.

Which mutual fund is best?

Here is the list of top 10 schemes:ICICI Prudential Equity & Debt Fund.Mirae Asset Hybrid Equity Fund.Axis Bluechip Fund.ICICI Prudential Bluechip Fund.L&T Midcap Fund.DSP Midcap Fund.L&T Emerging Businesses Fund.HDFC Small Cap Fund.More items…•

Which Bluechip fund is best?

Top 10 Large Cap Mutual FundsFund NameCategory1Y ReturnsAxis Bluechip FundEquity9.3%Canara Robeco Bluechip Equity FundEquity14.3%Invesco India Largecap FundEquity7.5%Mirae Asset Large Cap FundEquity6.4%12 more rows

Is Axis Bluechip fund good?

The Axis Bluechip Fund aims to outperform the benchmark with risk lower than the benchmark. Axis Bluechip Fund holds asset class benefits. Equity as an asset class holds the potential to beat inflation and generate long term wealth.

Should I buy Axis Bluechip fund?

If you are seeking investment in a diversified portfolio, paramountly comprising of equity and equity-centric means of large-cap companies, you should consider investing in Axis Bluechip Fund. … It invests about 87% of the fund in bluechip companies, and about 61% of the portfolio consists of the topmost six companies.

Is SBI Blue Chip Fund good?

Among large-cap schemes, investors can consider SBI Bluechip with an investment horizon of at least five years. A key characteristic of the scheme is that it stays away from momentum stocks and focuses on themes which do well only in the long-term.

Is SBI Blue Chip Fund good investment?

SBI Bluechip and Reliance Large Cap are two of the best mutual funds in the large-cap category. All you seasoned investors know that large-cap funds are probably the safest funds in the equity category. In fact, during the market downfall of January 2018, these funds proved to be the safer option.

Which is best SIP plan?

Best SIP Investment Plans in IndiaSIP PlansType3 YearICICI Prudential Balanced Advantage FundBalanced Fund9.16%ICICI Prudential Equity & Debt FundEquity Fund11.11%ICICI Prudential Value DiscoveryEquity Fund7.34%Kotak Standard Multicap FundEquity Fund-1.28%27 more rows•Jul 12, 2020

How is Axis Blue Chip Fund?

Pros & Cons of Axis Bluechip Fund With a 7-year return of 14.86%, the fund has outperformed the benchmark index (12.33%) and the category average (12.21%). This Scheme has an impressive track record of out-performance. … The fund has proven to a dependable offering in this category.

What is Axis Bank Blue Chip Fund?

The broader investment objective of a Blue-chip Fund is capital appreciation (i.e. outperforming its benchmark index) by investing in a diversified portfolio of equity and equity-related securities of large-cap companies.

Is Axis Bluechip fund comes under 80c?

Review the performance of the fund you wish to invest in. … *Investment up to 1.5 lakhs in ELSS is eligible for deduction from taxable income under Sec 80C of the Income Tax Act, 1961.

What is better SIP or lump sum?

The answer to this question depends on the stock market conditions. During upward trends, the lump sum mode of mutual fund investment tends to give relatively higher returns whereas during falling markets, investments made via a SIP generally provides better returns than a lump sum investment.

Which is best Axis Mutual Fund?

Top 10 Axis Mutual FundsFund NameCategoryRatingAxis Bluechip FundEquity5starAxis Long Term Equity FundEquity4starAxis Midcap FundEquity5starAxis Focused 25 FundEquity5star12 more rows

Is SIP tax free?

In an SIP investment, you can start investing as low as Rs 100 a month. … Only investments in ELSS mutual funds through SIP have tax exemption of up to Rs 1.5 lakh a year under Section 80C.

Which SIP is best for 5 years?

Best SIP plans for 5 year investmentFund Name3-Year SIP Returns (%)5-Year SIP Returns (%)Kotak Emerging Equities Fund (Regular)6.54%9.73%INVESCO India Financial Services Fund (Regular)14.61%16.03%SBI Focused Equity Fund (Regular)12.40%12.94%Franklin Build India Fund (Regular)4.66%8.07%8 more rows•Jan 23, 2020

Which is the highest return mutual fund?

Top 10 High Risk Mutual FundsFund NameCategory1Y ReturnsICICI Prudential Technology FundEquity50.7%Nippon India Pharma FundEquity56.0%SBI Banking & Financial Services FundEquity-1.3%Aditya Birla Sun Life India GenNext FundEquity3.8%7 more rows