Before investing in any fund, all you need to know is the key fundamentals of the fund, its portfolio, and past performance. All these help an investor to know how and what the fund is all about. Therefore, the financial researchers of MySIPonline studied the Mirae Asset Emerging Bluechip Fund, to let the potential and old-handed investors know about the fund. So, all the important details regarding the fund are discussed below:
Mirae Asset Emerging Bluechip Fund’s Overview:
An open-ended mid-cap fund, which generates income by predominantly investing in the Indian equities and equity-related securities of the emerging companies. The fund manager and fund management team of the company feel that today’s bluechip were emerging companies not so long ago, and therefore, they provide opportunities to the emerging companies by investing in them. Its current AUM is Rs 5,429 Cr as on May 31, 2018.
Mirae Emerging Bluechip Fund invests in both the large-cap and mid-cap companies. The fund was launched in the year 2010 and following NIFTY Large Midcap 250 Index as its benchmark.
It’s portfolio comprises 65% of equities and equity-linked derivatives of large and mid-cap companies, and the rest 35% in debts, money-market securities, cash and cash-equities.
Past Performance Analysis:
The fund hasn't blip a small since its launch; although it has provided negative returns in the year 2011, they are much lesser than its benchmark and category. The fund has always outperformed its benchmark and category. The fund avoids investing in the micro businesses, which helped it to provide higher returns than others.
The NAV of Mirae Asset Emerging Bluechip Fund is Rs 48.598 as on June 22, 2018. The trailing returns of the fund for the three, five, and seven years were 18.26%, 30.84%, and 23.34%, respectively. It has provided the highest returns in the year 2014 with exact being 84.62%. The returns of the fund in the year 2016 and 2017 were 12.17% and 49.01%, respectively. On the three and five year returns, it has outpaced its benchmark by 6 to 11%.
Fund Manager:
The fund has been managed by Mr Neelesh Surana since its launch. He is also the Chief Investment Officer of the Mirae Asset AMC. He joined the company in the year 2008 and heads the equity research and investment functions.
He follows the businesses who can offer the high Return on Investment, with good corporate governance and thought leadership. This strategy helps him to stay ahead of its benchmark and peers.
He managed the portfolio of Mirae Asset Emerging Bluechip Fund growth by investing with a blend of growth and value investing philosophy. The significant sector investments of a portfolio of the fund are in finance, FMCG, automobile, chemicals, energy, etc. This diversification helps the fund in generating profits by keeping the expense ratio of 2.31% as on May 31, 2018.
The fund with a diversified portfolio is suitable for the investors seeking the long-term capital appreciation and the appetite for tolerating moderately high-risk. You may invest in the fund via minimum SIP of Rs 1,000 per month. So if you want to park your money in Mirae Asset Emerging Bluechip, you can connect with our experts at MySIPonline through a call or email.
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