Living with its bluechip tag, Mirae Asset Emerging Bluechip Fund makes every sense to allure investors towards itself. Keeping the best stock selection as its primary concern, it has been providing the best returns in its category. The fund management team focuses on high growth and quality companies, which help the fund in performing in the long run. So, if you are interested in investing in the fund, walk down through the details provided below:
About the Fund:
Mirae Asset Emerging Bluechip Fund was launched in the year 2010, has an AUM of Rs 5,351 Cr as on Jun 30, 2018, with an expense ratio of 2.09%. It is an open-ended scheme, which predominantly invests in equity and equity-linked derivatives with 98% of its portfolio. The secondary investment of the fund is in debt and money market securities to keep the minimum liquidity in the fund.
The average market capitalisation of the fund is Rs 35,537.62 Cr, which is invested 29.12% in giant companies, 16.81% in large-cap companies, 44.42% in mid-cap and 9.65% in small-cap companies. The fund keeps a multi-cap portfolio to get the best of every cap in it.It is currently investing in 65 companies of diversified sectors, which includes finance and banking, energy, FMCG, automobile, chemicals, healthcare industry, etc. The top companies where the fund is investing are HDFC Bank, Kotak Mahindra Bank, ICICI Bank, Reliance Industries, and Havells India.
The fund has been managed by Mr Neelesh Surana since its launch. He is associated with Mirae Asset Mutual Fund since 2008 and currently working as a Chief Investment Officer in the fund house. He has 19 years of experience in the financial space, looking after the equity research fund and portfolio management.
Mr Surana keeps such companies in the account who have the quality of products, long-term earnings, and presence in the market. He also looks after the corporate governance and valuation of companies, where he wants to invest. He follows the blend of growth and value investment approach, for investing in the stocks.
Past Performance Analysis:
has provided the returns of 22.10% since launch. Among one of the top funds, it has generated the alpha of 3.22%, on the basis of the past three years returns, as provided on 30 June 2018.
The compounded returns of the fund for the past three, five and seven years were, 16.39%, 32.67%, and 23.33%, respectively. These were the excellent returns of the fund, which has outperformed its benchmark, NIFTY Large Midcap 250 Index as well as category average by 6 to 10 percent.
The highest annualised returns of the fund were in 2014 with 84.62%. It has successfully beaten benchmark and category all the years since launch. The return of fund for the year 2015 was 14.08%, 12.17% in 2016 and 49.01% in 2017. The fund was also capable of incurring limited losses during the bearish market in 2011, from its index and peers.
However, the fund has not faced any market crash as of 2008, and it is yet to watch that how it will mitigate its losses in such depressing market phase.
Being an equity scheme, Mirae Asset Emerging Bluechip Fund growth is suitable for the investors who have a penchant for market volatility. The ideal investment horizon in the fund must be of 5 years or more, with an appetite of tolerating a moderately high-risk on the principal amount.
The fund has been best in its category due to a unique selection of stocks and investment strategy followed by the fund manager and his team. The NAV of Mirae Asset Emerging Bluechip Fund G is Rs 50.102 as on Aug 1, 2018. You can invest in the fund via SIP and lumpsum mode.
Looking for investment in Mirae Asset Emerging Bluechip Fund? Have a glance at the brief provided about the fund in the article.