You must have often come across fund names like RST Bluechip Fund or XYZ Large-cap Fund while looking for information on Mutual Funds , their performance, NAVs, and rankings. The fund name ‘Bluechip fund’ and ‘large-cap fund’ are used interchangeably because they both refer to those equity mutual funds that invest in stocks of large-cap companies listed on the stock exchanges.
If you refer to SEBI’s product categorization circular issued in Oct 2017 that came into effect in June 2018, there is no mention of Blue chip funds under Equity Fund category. Does this mean we don’t have any Bluechip Funds now? No, it just means that whatever may be the nomenclature, as long as a fund invests in the top 100 listed companies
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