Axis Bluechip Fund: Sticking to its guns

Axis Bluechip Fund delivered 1.91 per cent returns in 2023 (as of June 9, 2023), lagging both the category and the benchmark and remaining in the bottom pile amongst its peers. However, its underperformance has been decreasing compared to 2022. Despite the recent underperformance, the fund currently outperforms the average peer on a five-year rolling basis, albeit with a narrowing margin. However, it has started to underperform the benchmark in recent months. Reasons for underperformance Tech and Services sector holdings, particularly Infosys and Avenue Supermarts, have troubled the fund in the pa