Mutual Funds

Mirae Asset Emerging Bluechip Fund

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 Asset97.26%
Cash & Other Receivables2.74%
Market Cap Analysis
Large Cap58.44%
Mid Cap34.63%
Small Cap  4.19%
Cash  2.74%
Industry Exposure
Banks19.21%
Finance11.51%
Consumer Non-Durables11.17%
Software  9.21%
Pharmaceuticals  8.03%
Petroleum Products  6.38%
Auto  4.54%
Consumer Durables  4.39%
Industrial products  3.23%
Chemicals  3.00%
Others16.89%

Top 10 Holding (as on 30th June 2020)

HDFC Bank Limited6.62%
Reliance Industries Limited5.11%
ICICI Bank Limited4.09%
Infosys Limited3.71%
Axis Bank Limited3.54%
Tata Consultancy Services Limited3.09%
Max Financial Services Limited3.02%
Larsen & Toubro Limited2.73%
State Bank of India2.65%
Voltas Limited2.44%
Top 10 Holding

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 Y11.54% 6.34%
 Since Inception17.87% 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)

ComponentValue
Volatility22.07%
Sharpe-0.02
Beta0.93

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 Option55.29851.629
Dividend Option42.67226.166

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-

  1. Who is looking for long term capital appreciation.
  2. With a minimum investment horizon of 3 years.
  3. 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

Tarrakki list of top 10 funds to invest.

1. UTI Nifty Index Fund
2. Mirae Asset Tax Saver Fund
3. Axis Focused 25 Fund
4. Nippon India Liquid Fund
5. Mirae Asset Emerging BlueChip Fund
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