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The Indian stock market continued to clock a monthly slide in March with the Nifty 1.08% lower and the Sensex down by 1.29% on the back of global uncertainties fueled by a banking crisis and persisting inflation. Major events including the collapse of the Silicon Valley Bank , Credit Suisse’s buyout by rival UBS, global inflation and continuing geopolitical tensions kept the stock markets on the edge. With the market sentiment seeing an uptick globally in April and a revival in FIIs buying in India, expectations of future investments strengthening the home currency, which could help to cool inflation further are being set by market experts. It has beaten most peers since inception period due to higher upside capture ratio while having a lower downside capture ratio compared to category average.
After a year of price and time consolidation, fears of a market sell-off have been flagged by multiple stock market participants if the risk of recession looms and the proxy war between the U.S. and Russia over Russia’s invasion of Ukraine continues. Both these events have shaken the global financial markets throughout 2022 and are bound to impact market participants in 2023. Given the volatility in global markets as well as domestic growth challenges, investors should ideally stick to their asset allocation and invest as per their risk tolerance levels, says experts.
Top Holdings of Axis Bluechip Fund Direct Plan Growth as on (30-Apr-
He suggests avoiding sectors which are easily influenced by interest rate hikes like banks, non-banking financial corporations and consumer finance companies, and small-cap stocks for the month of April 2023. Given these potential risks and uncertainties, it is important for investors to stay informed and maintain a diversified portfolio, with a focus on long-term investment goals. The last part of risk management is done by having a relatively liquid portfolio targeting volatility below benchmark . Axis Bluechip Fund Market cap allocation historyWe will use three metrics to analyze performance consistency compared to the fund’s benchmark – Nifty 100 TRI. Analysis such as this can be found for 350+ equity funds in our monthly mutual fund screener. Some of the key features of Axis Bluechip Fund include a rigorous stock selection process, a focus on quality and growth-oriented companies, a relatively low expense ratio, and a history of delivering consistent returns over the long term.
- If you trade your shares at another time, your return may differ.
- Experts say the road ahead may be full of surprises and putting one’s skill and perseverance in action could help investors build a solid financial corpus.
- The FY23 auto sales data will get published in April and it will have an overall sales view for the financial year, which is a key factor.
- Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold.
- In general, ETFs can be expected to move up or down in value with the value of the applicable index.
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The fund aims to generate long-term capital appreciation by investing in such companies, which have a strong brand, superior management, and a sustainable business model. As a stock market participant, it is crucial to remember investing in the stock market is risky and you could lose almost all of your invested capital or your gains can simply evaporate. To take a calculated risk on your investment, it is important to research and understand the financial instrument in which you are parking your money. Taking the help of a financial advisor could also help you hedge your risk to a certain degree and aid you in making an informed investment decision. Axis Bluechip Fund has been able to deliver alpha by avoiding losers, not being afraid to pay for growth and quality and managing the stock portfolio weights have judiciously.
Fund Allocations
Earnings in the U.S. often set the tone for general market moves, and we may see a rebound in big tech companies that have corrected severely, says Jasuja. While it is highly unlikely India will witness the El Nino effect which is predicted to form by June, if it does, it could have a severe impact on India’s food grain production. Its current portfolio’s top holdings are Avenue Supermarts, Housing Development Finance Corp., Nestle India, Bajaj Finance, Hindustan Unilever, Infosys, ICICI Bank, HDFC Bank and Kotak Mahindra Bank.
Nobody will invest until and unless he is fully convinced. Investors should be made to realize that ignorance is no longer bliss and what they are losing by not investing. axis bluechip fund graph Mutual funds offer a lot of benefit which no other single option could offer. But most of the people are not even aware of what actually a mutual fund is?
Customers with graduate level education are easier to sell to and there is a large untapped market there. To succeed however, advisors must provide sound advice and high quality. The stock markets in India had been under pressure with the foreign institutional investors becoming more cautious with investments in emerging markets since the last four months December 2022 onwards. Both the NIFTY and the Sensex bore the effects of subdued global market sentiment hurt by inflation woes and uncertainties in the banking sector as well as the impact of an ongoing war between Russia and Ukraine denting oil prices. To deliver superior returns as compared to the underlying benchmark over the medium to long term through investing in equity and equity related securities. For debt, investment-grade-rated instruments should be on top of the list.
The fund has built a set of rules which define inclusion of stocks and their allocation in the portfolio. Axis Bluechip follows a concentrated portfolio strategy within bluechip large caps along with cash holdings. It has helped manage drawdowns better than peers and generate higher returns too. Existing investors will have to appreciate that the bang for the buck has significantly reduced in the last two years. It is perfectly fine to stay on having faith in the fund manager just as it is perfectly fine to exit. Whatever we choose as long as we do not feel superior about it, we should be reasonably happy.
Axis Bluechip Fund Direct Plan Growth Overview
However, as an investor, you are not just looking at the category but also which fund stands out and delivers. The alpha for Axis Bluechip Fund Direct Plan Growth is calculated against S&P BSE 100 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%. The products and services described on this web site are intended to be made available only to persons in the United States or as otherwise qualified and permissible under local law. The information on this web site is only for such persons.
Performance returns for periods of less than one year are not annualized. B Gopkumar, MD and CEO of Axis Securities, sees the consumer space witnessing a strong revival, and many categories normalizing to pre-covid levels with a structural uptick in multiple sub-segments. “QSR space is well-placed to deliver superior returns,” says Gopkumar. Among the key events to watch out for in May include the monetary policy announcements by the U.S. Private weather forecasting agency Skymet has predicted below-average rainfall, while the India Meteorological Department has predicted 2023 rainfall at 96% of the long-period average, with a model error of ±5%.
What Should Investors Watch Out For In March
Here’s what investors should watch out for and what the stock market looks like going forward. Despite expectations of a volatile month ahead at the stock exchanges in India, stock market participants should not panic. Instead, they should consider investing in a staggered manner via the popular systematic investment plans and stay put for stocks to inch back to normal or previously-sustained levels. In times of higher market volatility, it is always a good practice to diversify investments. Experts advise sectoral diversification to mitigate the market risk of a portfolio and avoid the risk of heavy losses.
Gainers & Losers in Axis Bluechip Fund Direct Plan Growth portfolio as on (31-Mar-
Sachin Jasuja, founding partner of equity desk at Centricity Wealthtech, thinks the market upswings witnessed at the back of the earnings season has the potential to help markets recoup from the dampened global economic scenario. Notably, Mirae Asset Large Cap is the only fund that has done better than Axis Bluechip since inception period. In the 5 year, 4 year, 3 yar, 2 year and 1-year periods, the Axis fund is topper in each of the time periods beating all the funds. It has some tough competition from the likes of ICICI Prudential Bluechip, SBI Bluechip, ABSL Frontline Equity and HDFC Top 100 etc.
Shreyash’s tenure has so far been highly successful for the fund compared to previous managers like Chandresh Nigam, Jinesh Gopani, Ashish Naik, and Pankaj Murarka. Include for consideration only top ranked https://1investing.in/ companies which constitute 50% of BSE 200 index by weight. This further reduces the stocks that will be considered for inclusion in the portfolio to about stocks in recent rebalances as per back-tests.
