Mirae Emerging Bluechip Fund Summary
Mirae Asset Bluechip Fund – Established in 09th July, 2010, this is an Open-Ended equity scheme investing in both large cap and mid cap stocks. The investment objective of the scheme is to generate income and capital appreciation from a portfolio primarily investing in Indian equities and equity-related securities of large cap and mid cap companies at the time of investment. From time to time, the fund manager may also seek participation in other Indian equity and equity-related securities to achieve optimal portfolio construction.
Portfolio Diversification (as on 30th June 2020)
| Assets Allocation | |
| Core Equity Asset | 97.26% |
| Cash & Other Receivables | 2.74% |
| Market Cap Analysis | |
| Large Cap | 58.44% |
| Mid Cap | 34.63% |
| Small Cap | 4.19% |
| Cash | 2.74% |
| Industry Exposure | |
| Banks | 19.21% |
| Finance | 11.51% |
| Consumer Non-Durables | 11.17% |
| Software | 9.21% |
| Pharmaceuticals | 8.03% |
| Petroleum Products | 6.38% |
| Auto | 4.54% |
| Consumer Durables | 4.39% |
| Industrial products | 3.23% |
| Chemicals | 3.00% |
| Others | 16.89% |
Top 10 Holding (as on 30th June 2020)
| HDFC Bank Limited | 6.62% |
| Reliance Industries Limited | 5.11% |
| ICICI Bank Limited | 4.09% |
| Infosys Limited | 3.71% |
| Axis Bank Limited | 3.54% |
| Tata Consultancy Services Limited | 3.09% |
| Max Financial Services Limited | 3.02% |
| Larsen & Toubro Limited | 2.73% |
| State Bank of India | 2.65% |
| Voltas Limited | 2.44% |
Mirae Asset Emerging Bluechip Fund Performance
This scheme has beaten its benchmark since inception (09th July, 2010).
Returns since inception (Compounded annualized)
Performance (as on 30th June 2020)
| Period | Fund Return | Benchmark Return |
| 1 Y | -4.68% | -10.46% |
| 3 Y | 4.34% | 1.26% |
| 5 Y | 11.54% | 6.34% |
| Since Inception | 17.87% | 8.98% |
Scheme Strategy
- The fund invests 35-65%+ in large cap companies (top 100 companies by market capitalization) & 35-65% in mid cap companies (companies not part of top 100 companies but fall within top 250 companies by market capitalization)
- The fund gives investors the opportunity to participate in the growth of emerging companies which have the potential to be tomorrow’s bluechip companies.
- The investment approach is a bottom-up approach: driven by value investing, in growth-oriented businesses.
- The investment approach is aimed at participating in high-quality businesses up to a reasonable price and holding the same over an extended period of time.
Fund Management
The fund has been managed by Mr. Neelesh Surana since inception (B.E Mechanical & MBA Finance). He is Chief Investment Officer at MAMF holding over 25 years of experience. He has been accompanied by Mr. Ankit Jain since Jan 31, 2019 (B.Tech & MBA Finance). He is Associate Fund Manager-Equity at MAMF holding over 8 years of experience.
Important Measures (As on 30th June, 2020)
| Component | Value |
| Volatility | 22.07% |
| Sharpe | -0.02 |
| Beta | 0.93 |
Benchmark Index: Nifty Large Midcap 250 (TRI)
Net AUM: ₹ 9,833.81 Crores (As on 30th June 2020)
Option Available: Growth Option and Dividend Option (Payout & Re-investment)
Expense Ratio (As on 30th June 2020):
| Regular Plan | Direct Plan |
| 1.76% | 0.85% |
Entry Load: NA
Exit Load:
- For investors opted for SWP under the plan:
a) 15% of the units allotted (including Switch-in/STP-in)
0% (on/ before 365 days)
b) Any redemption in excess of such limits (Redemption of units via FIFO):
1% (redeemed within 365 days)
0% (redeemed after 365 days)
- For Investors not opted for SWP under the plan (including Switch out, STP out):
1% (redeemed within 365 days)
0% (redeemed after 365 days)
Portfolio Turnover: 0.79 Times
NAV (in Rs) *As per fund fact sheet 30th June, 2020
| Direct Plan | Regular Plan | |
| Growth Option | 55.298 | 51.629 |
| Dividend Option | 42.672 | 26.166 |
Investment Risk: Moderately High
Investment Style: Growth
Market capitalization: Large Cap & Mid Cap
Minimum Application Amount:
Fresh lumpsum subscription/switch-in has been temporarily suspended with effect from 25th October, 2016
Monthly SIP- ₹ 1000
Maximum Application Amount:
Rs. 25000 per pan per month
Scheme suitable only if you are an investor-
- Who is looking for long term capital appreciation.
- With a minimum investment horizon of 3 years.
- Whose preference is investing in large & midcap funds.
Tarrakki’s View
Mirae Emerging Bluechip Fund is an open ended Large and Midcap Fund. The fund aims to provide investors an opportunity to tap the growth potential and stability of large cap along with alpha generation capabilities of mid cap businesses in one portfolio.
About MAMF
Mirae Asset Global Investments is a diversified asset manager providing innovative solutions worldwide to help clients achieve their goals in a rapidly changing world. It was founded in Asia and now has a presence in 14 countries. MAGI India ceases to act as the AMC of MAMF and Mirae AMC is the AMC of MAMF effective January 1, 2020.
Address: Mirae Asset Investment Managers (India) Private Limited, Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai – 400 098.
Phone: 022 – 6780 0300
Email: customercare@miraeasset.com
Website: https://www.miraeassetmf.co.in
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