Why is the Axis Bluechip Fund underperforming?

Axis Bluechip Fund is an equity-oriented mutual fund from Axis AMC.

Axis Mutual Fund: Trusted for Consistent Performance

The holding split of the Mutual Fund is as follows (Link)

Holding Split of Axis Bluechip Mutual Fund

Also, the top holdings of the stock(presently & historically) are as follows:

Top Holdings of Axis Bluechip MF

The Fund has underperformed in the past year as all the large-cap companies have been hit by the Covid-19 linked disruption, Ukraine-Russia War Effect on commodities, and the looming risk of recession in the developed world. Kindly note the returns mentioned here are for the regular growth version.

Performance of Axis Bluechip Mutual Fund (Regular – Growth)

We can note that on a 10-year scale, the annualized returns of ~15% are pretty impressive

So, taking performance with the factors in the current environment, as an investor one can expect

Hope this helps

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Happy Investing!!

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