highlights
Money can be withdrawn from the Blue Chip Fund at any time.
It is right to invest in these programs for at least three to five years.
Blue chip mutual funds have given investors more returns than bank FDs.
New Delhi. People’s interest in mutual funds is increasing. People who have little knowledge of the stock market and want to make money in the stock market can invest in mutual funds. There are many categories of mutual funds. One such category is the Bluechip Mutual Fund category. Here you can achieve a higher return than with fixed deposits with less risk. Some blue-chip funds have returned as much as 18% over the last year.
Basically, these are only investment funds with a large market capitalization. Few large-cap mutual funds have added the suffix “bluechip” to their names. It would have been mandatory for blue-chip mutual fund systems to invest at least 80 percent of the amount raised by investors in top 100 companies. Large company stocks are believed to have lower volatility. With these, the probability of a loss in a long-term investment is very low.
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There is no blocking period
There is no blocking period for blue chip funds. This means you can withdraw your money whenever you need it. But withdrawing money in a short period of time increases the likelihood of a loss. Market experts recommend investing in blue chip funds for investors who want to invest in the stock market with low risk. He says it is right to invest in these programs for at least three to five years. Instead of investing lump sums, you should also invest through a systematic investment plan, i.e. SIP. This further reduces risk as it further reduces the volatility of the market.
These 5 funds generated more returns than FD
Some blue-chip mutual funds have given investors more returns than bank FDs over the past year. While the return on fixed deposits has returned 5 to 7.5 percent in one year, some blue-chip funds, on the other hand, have given investors returns of 15 to 18 percent.
The SBI Bluechip Fund has returned 18.7% over the past year. At the same time, the average gain over three years was 28.29 percent. The Kotak Bluechip Fund’s one-year return was 15.30%, while this fund gave investors a return of 27.10% over three years. The ICICI Prudential Bluechip Fund name is also included in the programs that offer excellent returns. This fund has returned 15.92% in one year and 28.18% in three years.
The Canara Robeco Bluechip Equity Fund also returned 15.37% in the last year and 24.84% in three years. The Baroda BNP Paribas Large Cap Fund has returned 15.78% in one year and 24.18% in three years.
(Disclaimer: The mutual funds mentioned here are based on the advice of a financial advisor. If you are interested in investing in any of these funds, you should first consult with a certified investment advisor. News18 is not responsible for your gain or loss of any kind. Will not be taken care of.)
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Tags: Bank FD, FD prices, Tips for making money, Investment funds
FIRST RELEASED : May 13, 2023 4:29 PM IST
