As an investor, have you considered including bluechip mutual funds in your portfolio in 2024? Bluechip mutual funds continue to attract investors with their growth potential and stability. These funds invest in established businesses with impressive track records. No wonder, bluechip funds are a top choice for those seeking steady returns at a lower risk. 

Choosing the right bluechip funds can diversify your portfolio and poise you better to weather market fluctuations. In this blog, we present you with the list of the top ten Bluechip equity funds to grow your wealth.

List of Best Bluechip Mutual Funds

Considering factors like historical returns, AUM, and low-risk factors, we have curated this list of top-performing bluechip equity MF.

  1. Nippon India Large Cap Fund Direct – Growth

Managed by Sailesh Raj Bhan, Ashutosh Bhargava, and Akshay Sharma, this fund primarily invests in large-cap equity. The key sectors are financial services, energy, and consumer durables.

  • NAV: INR 98.3111
  • AUM: INR 29,534 crores
  • 1 year return: 39.62 %
  • 3 years return: 26.70 %
  • 5 years return: 22.27 %
  1. JM Large Cap Fund Direct – Growth

The JM Large Cap Direct Growth Fund is managed by Satish Ramanathan, Asit Bhandarkar, and Gurvinder Singh Wasan. This fund invests in large-cap equity, mainly in sectors like financial services and technology.

  • NAV: INR 186.7012
  • AUM: INR 233.53 crore
  • 1 year return: 47.86 %
  • 3 years return: 23.73 %
  • 5 years return: 21.46 %
  1. ICICI Prudential Bluechip Fund Direct – Growth

This bluechip fund invests primarily in large cap, particularly in financial services, energy, and technology. It is managed by Anish Tawakley and Vaibhav Dusad.

  •  NAV: INR 117.40
  • AUM: INR 59,364.40 crore
  • 1 year return: 39.48 %
  • 3 years return: 23.02 %
  • 5 years return: 21.75 %
  1. Baroda BNP Paribas Large Cap Fund Direct – Growth

Managed by Jitendra Sriram and Miten Vora, the Baroda BNP Paribas Large Cap Fund invests in sectors like financial services, energy, and technology.

  • NAV: INR 258.1074
  • AUM: INR 2,120.44 crore
  • 1 year return: 43.00 %
  • 3 years return: 22.02 %
  • 5 years return: 21.94 %
  1. Invesco India Large Cap Fund Direct – Growth

The Invesco India Large Cap Fund Direct Growth is managed by Amit Nigam and Hiten Jain. This fund focuses on large-cap equity investments, with a significant allocation in financial services, technology, and consumer sectors.

  • NAV: INR 80.6400
  • AUM: INR 1,145.78 crore
  • 1 year return: 39.90 %
  • 3 years return: 20.44 %
  • 5 years return: 21.21 %
  1. Kotak Bluechip Fund Direct – Growth

The Kotak Bluechip Fund Direct Growth Fund invests in the banking, automotive, and infrastructure sectors. It is managed by Arjun Khanna and Rohit Tandon.

  • NAV: INR 644.6750
  • AUM: INR 8,847.88 crore
  • 1 year return: 36.15 %
  • 3 years return: 19.15 %
  • 5 years return: 21.48 %
  1. Edelweiss Large Cap Fund Direct – Growth

Some of the key sectors where this fund invests are financial services, energy, and technology. It is managed by Bhavesh Jain and Bharat Lahoti.

  • NAV: INR 95.52
  • AUM: INR 974.94 crore
  • 1 year return: 34.97 %
  • 3 years return: 20.43 %
  • 5 years return: 21.32 %
  1. Canara Robeco Bluechip Equity Fund Direct – Growth

This fund invests in large-cap stocks across various sectors, including financial services, energy, healthcare, and technology.

  • NAV: INR 70.0500
  • AUM: INR 13,930.60 crore
  • 1 year return: 33.58 %
  • 3 years return: 18.39 %
  • 5 years return: 21.75 %
  1. Axis Bluechip Fund Direct – Growth

The Axis Bluechip Fund invests in different sectors like financial services, communication services, technology, basic materials, and healthcare.

  • NAV: INR 68.2100
  • AUM: INR 34,520.10 crore
  • 1 year return: 28.87 %
  • 3 years return: 13.18 %
  • 5 years return: 16.91 %
  1. SBI Blue Chip Fund Direct – Growth

This SBI Blue Chip Fund invests in sectors like financial services, energy, and technology. It is one of the popular funds under this category.

  • NAV: INR 99.8735
  • AUM: INR 49,176.60 crore
  • 1 year return: 27.22 %
  • 3 years return: 18.23 %
  • 5 years return: 19.47 %

Conclusion

If you are looking for stable and long-term growth or to create a robust financial portfolio, invest in the top bluechip funds curated in this guide. All these funds invest in companies with strong fundamentals and growth potential to maximize gains and minimize risk. Consider your financial goals and risk appetite while choosing the funds.