Can I withdraw money from SBI BlueChip fund?

Yes, of course, you can withdraw a partial amount while you are continuing your SIP investment. One has nothing to do with the other. One of the best things about mutual fund schemes is their liquidity. So, you can withdraw an invested amount – either in part or the entire amount – at any time you want.

Is SBI BlueChip fund tax free?

These funds have a lock-in period of three years. When you invest in SBI MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income. It reduces your overall tax liability.

How can I redeem my SBI Bluechip fund?

You simply have to log-on to the ‘Online Transaction’ page of the desired Mutual Fund and log-in using your Folio Number and/or the PAN, select the Scheme and the number of units (or the amount) you wish to redeem and confirm your transaction.

How can I break my SBI Mutual Fund?

An investor can choose to withdraw money from liquid funds by filling in a transaction slip and requesting for a redemption subject to completion of KYC requirements. Alternatively, he can choose to redeem online through website of the mutual fund or through the mobile app.

What is SBI Bluechip fund?

SBI Bluechip Fund is a Equity – Large Cap fund launched on 14 Feb 06. It is a fund with Moderately High risk and has given a CAGR return of 11.5\% since its launch. Ranked 9 in Large Cap category. Return for 2020 was 16.3\% , 2019 was 11.6\% and 2018 was -4.1\% .

What is a SBI blue chip fund?

SBI Blue Chip Fund is an open-ended growth scheme. The scheme can provide an opportunity for investors for long-term growth by getting their money invested in the Blue Chip Companies. Investments are made in stocks of companies whose market capitalisation is at least equal to or more than the last stock of BSE 100 index and is a blue chip stock.

What is fidelity Blue Chip Growth?

About Fidelity Blue Chip Growth Fund. Fidelity Blue Chip Growth Fund is an open-end fund incorporated in the USA. The Fund’s objective is growth of capital over the long term. The Fund normally invests primarily in common stocks of well-known and established companies, both domestic and foreign.

What is blue chip fund?

blue chip fund. Definition. A mutual fund comprising investments in blue chip stocks. These funds are considered low risk since the underlying securities are from well established, stable companies with a history of paying dividends and maintaining value despite fluctuations in the surrounding market.