Mirae Asset Emerging Bluechip mutual fund review: An impressive track record

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

HOW THE FUND HAS PERFORMED

WHERE THE FUND INVESTS

BASIC FACTS

• Date of launch: 7 September 2010
• Category: Equity
• Type: Large and Mid cap
• AUM(As on 31 December 2021): Rs 21,972 crore
• Benchmark: Nifty Large Midcap 250 Total Return Index

WHAT IT COSTS

• NAV (As on 11 January 2022)
• Growth option: Rs 101.404
• IDCW: Rs 47.238
• Minimum Investment: Rs 5,000
• Minimum SIP Amount: Rs 1000
• Expense Ratio (As on 30 November 2021)(%): 1.66%
• Exit load: 1% will be charged for redemption within 365 days

Fund manager: Neelesh Surana
Tenure: 11 years, 7 months

Top 5 sectors in portfolio(%)

Top 5 stocks in portfolio(%)

Recent portfolio changes

• New Entrants: HCL Technologies, Prince Pipes & Fittings, Bayer CropScience, One 97 Communications, Britannia Industries
• Complete Exits: Motherson Sumi Systems, SRF
• Increasing allocation: Bata India, Bayer CropScience, Crompton Greaves Consumer, Gujarat State Petronet, HDFC Bank, HPCL, HUL, HDFC, ICICI Bank, Indian Energy Exchange, Max Financial, One 97 Comm, Reliance Inds, Sun Pharma, Tata Steel.

How risky is it?

Source: Value research

Should you buy?
This large-and-mid cap fund retains a bias towards largecaps, having hiked exposure to this segment after taking on the revised mandate few years ago. The fund continues to be run with emphasis on quality and growth at reasonable price approach. The fund continues its impressive track record of consistently ranking among top two quartiles year after year. With a superior performance in both upside and downside capture under the stewardship of a proven fund manager, the fund retains top billing in its category.