How Much Funds Should You Allocate in Mirae Asset Emerging Bluechip?

(Representative photo)
(Representative photo)

This large and mid-cap category fund offers enough stability that makes it a preferred choice for many investors.

For investors who want to divert their investments in large-caps as well as want the exposure of mid-caps for better returns can opt for Mirae Asset Emerging Bluechip fund in India. The fund has come out well and has performed extremely well. Earlier it stood in the mid-cap category but later was recategorised as a large and mid-cap fund after SEBI’s mutual fund re-categorization which was performed in 2018. Mutual funds under this category have to allocate at least 35 per cent of their assets each in large-cap and mid-cap stocks.

Mirae Asset Emerging Bluechip Fund has ₹21,084 Crores worth of assets under management (AUM) as on 2021 with an expense ratio of 0.71%, which is less than what most other Large & Midcap funds charge. The fund has also grown exponentially as its returns of last one year stand at 22.30%. The fund has been consistently delivering an average return of 24.08% annually having doubled the money every 2 yrs, which is outstanding.

So far, Mirae Asset Emerging Bluechip is the largest fund under Mirae Asset. The fund has stopped accepting lump sum investments since October 2016, hence investors can start with an SIP amount that shouldn’t exceed over ₹2,500 a month.

Mirae Asset Emerging Bluechip was launched in 2013 and since its inception has outperformed its peers, which were bucketed into the same large and mid-cap category in 2018. The scheme has been performing at its optimum levels and fetched investors attractive returns as well-being rates as a five-star fund under BusinessLine Portfolio Star Track MF Ratings.

Mirae Asset Emerging Bluechip has generated an average three-year return of 15.9 percent and five-year return of 16.0 per cent over the last seven-year period. During this period, the 3-year and 5-year return for the category was 9.4 per cent and 9.2 per cent, respectively. In the past five years the fund has performed extremely well during downsides as well as upsides which has improved its credibility in the market. The scheme allocates 35 to 65 percent of its assets to large and mid-cap stocks.

The fund has major investments in industries that include financial, tech, healthcare, automobile and energy.

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