The Mirae Bluechip Emerging Fund an actively managed open-ended equity mutual fund that seeks to provide its investors with long-term capital appreciation through investments in a diversified basket of equity stocks of mid-cap and large-cap companies across market sectors. The Mirae Bluechip Emerging Fund is suitable for investors with investment horizons longer than 3 years. As this is a equity mutual fund with considerable exposure to mid-cap stocks investors in this fund should have a high capacity for risk.
|Scheme Category||Large & Mid- Cap|
|Benchmark Type||Nifty Midcap 100 Index|
|Min subscription||₹ 5,000|
|Scheme AUM (in Crs.)||₹ 7,759|
|AMC AUM (in Crs.)||₹ 24,191|
|Min Addition Subscription||₹ 1,000|
The Mirae Bluechip Emerging Fund maintains a diversified portfolio across market sectors. The fund invests the majority of the corpus in large-cap stocks, approximately 50%, and invests nominally in midcap stocks, approximately 35%. Presently, the Mirae Bluechip Emerging Fund invests heavily across the Finance, Energy, Automobile and Healthcare sectors of the Indian economy.
|ICICI Bank Ltd||Equity||6|
|HDFC Bank Ltd||Equity||6|
|Axis Bank Ltd||Equity||4|
|Reliance Industries Ltd||Equity||3|
|State Bank of India||Equity||3|
|IndusInd Bank Ltd||Equity||3|
|Tata Global Beverages Ltd||Equity||3|
|Vinati Organics Ltd||Equity||2|
|Larsen & Toubro Ltd||Equity||2|
|Mutual Fund - Open End||0|
|Cash - Repurchase Agreement||0|
|Banks - Regional - Asia||24|
|Information Technology Services||7|
|Drug Manufacturers - Specialty & Generic||5|
|Drug Manufacturers - Major||5|
|Oil & Gas Refining & Marketing||5|
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. The Scheme does not guarantee or assure any returns.
Long-term capital appreciationPredominantly
• investments in Indian equities and equity related securities ofcompanies which are not part of the top 100 stocks by market capitalization
Though the fund has not been around the hostile face of 2008, its superior performance not only in relation to its benchmark but also its peers has made it a top most choice for many investors. Neelesh Surana zeros in on stocks which have high quality and earnings which is why the fund does not take exposures in in large number of small cap and stiks to midcap and a one third in large companies. The fund justifies its name of Emerging Bluechip and its bottoms up approach while taking into account the risk parameters has resulted in generating alpha while keeping an eye on the volatility.
022 - 67800300
Unit No.606, Windsor Building Off.,C.S.T Road, Kalina Santacruz E, Mumbai - 400 098