
Launched in 2010, Axis Bluechip has built one of the most enviable performance records and emerged as one of the most sought-after large-cap funds. It ranks among the few actively managed large-cap funds to have consistently beaten the index by wide margins. But since 2021, the fund has been in the bottom quartile. Its investors aren't used to such underperformance but we don't think it should be a matter of great anxiety. Who is it suitable for? This fund is mandated to invest in large-cap companies. Such companies generally have stable businesses and their stocks are highly liquid. Therefore, they tend to be relatively less volatile than the stocks of smaller companies. But unlike the latter, they are not expected to turn into multibaggers. These attributes make the fund suitable for conservative equity investors who want to invest for long-term growth without taking much risk. Investment strategy True to label: Large-cap funds are permitted to invest up to 20 per cent of their assets outside the large-cap universe but this fund seldom uses this flexibility. Ardent follower of growth investing: That's the hallmark of Axis mutual fund's equity-investing strategy. Focusing more on growth investments, the AMC h
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