SBI Bluechip Direct Plan-Growth was launched in India on 1 January 2013. It is an equity mutual fund scheme of SBI Mutual Fund. Currently, its fund manager is Sohini Andani and she is managing all these funds. It has an AUM of about Rs 23,641.35 crore, and the latest level of NAV is about 44,572 as of 10:30 pm on 30th January 2020.
Here you can see SBI Bluechip Direct Plan-Growth Scheme Performance
- 71 percent in the last year.
- 30 percent in last three years
- And since the scheme is launched 164.84 percent
The scheme has yielded 13 percent and 12 percent returns over the last five years and ten years, while peers in the same group have achieved average yields of 10 percent and 11 percent, respectively.
What is the main purpose of SBI Bluechip Direct Plan-Growth
The main objective of this scheme is to give investors an opportunity for long term capital growth. A diversified portfolio of large-cap equity stocks is actively managed by its professional management and sometimes these portfolios are defined by SEBI / AMFI).
Investors with an investment horizon of at least five years should include SBI Bluechip in large-cap schemes. An essential feature of the plan is that momentum stays out of stock and focuses on trends that only do well in the long term.
When you want to invest for five years or more, you can comfortably beat the inflation rate and are better off than fixed income options. But the way your interest fluctuates, be ready to invest.
It is a fund that invests in large corporations. When stock prices fall, such funds are lower than those investing in small companies. Therefore they are more suitable for investors with conservative equity.
Due to its low expense ratio, SBI Bluechip Direct Plan Growth fund scheme manager Sohini Andani has focused only those companies that hold certain kinds of benefits even among large corporations. According to the source she has invested in “Shree Cement” due to its cost-efficiency. As we know that it is not the largest cement manufacturer.
Taxation of Income: Capital gains
- If an investor sold his mutual fund units after one year from the date of the start of the investment, if you earn up to Rs 1 lakh in your financial year, then this amount will be exempt from tax. If you get more than Rs 1 lakh, then this amount will be taxed at a rate of 10%.
- If you are selling your mutual fund unit within one year from the beginning of the date of investment, then any amount you get will be taxed at the rate of 15%.
- As long as you continue to operate the units, there will be no tax.
Note: If you need to redeem your investment in less than five years, do not invest in this or any other large-cap fund.