Why Is Mirae Asset Emerging Bluechip Fund the Best in its Category?

Mirae Asset Emerging Bluechip Fund is one of the best large and mid-cap funds which has gained popularity in the recent years due to impressive all-around performance. It has stopped accepting lumpsum investment due to a massive increase in the AUM in recent years, and only SIP investment is allowed in the fund. Experts at MySIPonline have studied the traits of the scheme deeply to assist the investors with informed investments.

Overview

Mirae Asset Emerging Bluechip Fund belongs to the large and mid-cap category of the mutual funds as the name suggests emerging is for the companies which can grow bigger in future to become market leaders and are at their emerging stage. The bluechip stands for the experienced and robust firms which are the leaders of the economy. The combination of both allows the investors to grab the benefits of both the categories of the mutual fund.

Performance Analysis

Mirae Asset Emerging Bluechip Fund has beaten its benchmark in all the 7 years of its existence. Right after its launch in July 2010, it has started to perform remarkably and came out on top among the peers many times. Since Inception, it has generated an annualised return of 22.63%. In the last 5 and 7 years, it has generated 35.16% and 26.03% trailing returns, respectively. No scheme in the category is close to this one in trailing returns of long-term. The positive, as well as adverse trends in the market, have been handled well by the fund manager. (Data as of 30th August 2018)

Mr Neelesh Surana has been managing the scheme astoundingly since May 2010. He has consistently delivered better returns than the benchmark and category. Mr Surana was associated with ASK Investment Managers Pvt Ltd before joining Mirae Asset Mutual Fund. He is B.E. in Mechanical and MBA in Finance.

The Success Strategy

Mr Surana generally allocates the majority of the corpus in large-cap while equal corpus is invested in mid and small-cap companies. The investment strategy includes growth as well as value investing. The finance sector is mostly chosen; followed by energy FMCG, Healthcare, and automobile sectors. A total of 63 stocks are present in the portfolio with a PE ratio of 21.30 and PB ratio of 2.70. (Data as of 30th August 2018)

How Risky Is Mirae Asset Emerging Bluechip Fund?

The risk orientation is higher than the category's average and benchmark as the standard deviation and beta are high. But the returns generated compared to the risk is highly appreciable as the Sharpe and Sortino ratios are in a much better position compared to that of the benchmark and category's average. High risk with higher returns is what describes Mirae Asset Emerging Business in simple words.

Who Should Invest?

Mirae Asset Emerging Bluechip Fund is one of the best schemes available in the market for long-term wealth creation. It has a high-risk portfolio, but the returns are exceptionally well. It is suitable for the investors who can handle moderate risk and are seeking high returns. Connect with MySIPonline to invest in this scheme today and to get the optimum investment-related suggestions.