Mirae Asset Emerging Bluechip Fund – Direct Growth

Equity · Large & Mid Cap
 · ★★★★
1,000
Min SIP
5,000
Min Lumpsum
0.55 %
Expense Ratio
★★★★
Rating
28,439
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 21 September 2023 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 17.6% 25.6% 18.9% 22.7%
Category Average 17.5% 27.6% 16.1% -

Scheme Allocation

By Holding
By Sector
By Asset
6.81%
4.61%
2.98%
Others
79.1%
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 6.81%
ICICI Bank Banks Equity 4.61%
St Bk of India Banks Equity 3.92%
Axis Bank Banks Equity 2.98%
Reliance Industr Refineries Equity 2.58%
Larsen & Toubro Infrastructure Developers & Operators Equity 2.33%
SKF India Bearings Equity 2.3%
Infosys IT - Software Equity 2.25%
Bharat Forge Castings, Forgings & Fastners Equity 2.14%
NTPC Power Generation & Distribution Equity 2.14%
HCL Technologies IT - Software Equity 2.09%
Crompton Gr. Con Consumer Durables Equity 1.97%
J K Cements Cement Equity 1.97%
Gland Pharma Pharmaceuticals Equity 1.9%
Kotak Mah. Bank Banks Equity 1.82%
Guj.St.Petronet Gas Distribution Equity 1.78%
Bharti Airtel Telecomm-Service Equity 1.77%
Bata India Leather Equity 1.74%
Federal Bank Banks Equity 1.59%
Max Financial Finance Equity 1.56%
SBI Life Insuran Insurance Equity 1.55%
Delhivery Logistics Equity 1.51%
Tata Comm Telecomm-Service Equity 1.49%
Zomato Ltd E-Commerce/App based Aggregator Equity 1.46%
Tata Steel Steel Equity 1.39%
Lupin Pharmaceuticals Equity 1.36%
Coforge IT - Software Equity 1.29%
LTIMindtree IT - Software Equity 1.24%
CEAT Tyres Equity 1.23%
SBI Cards Finance Equity 1.21%
Bayer Crop Sci. Agro Chemicals Equity 1.19%
Power Fin.Corpn. Finance Equity 1.16%
Indraprastha Gas Gas Distribution Equity 1.15%
Aurobindo Pharma Pharmaceuticals Equity 1.14%
FSN E-Commerce E-Commerce/App based Aggregator Equity 1.13%
Prince Pipes Plastic products Equity 1.13%
Emami FMCG Equity 1.11%
Vinati Organics Chemicals Equity 1.11%
Wipro IT - Software Equity 1.04%
Shriram Finance Finance Equity 1.04%
Sun Pharma.Inds. Pharmaceuticals Equity 1.04%
Prestige Estates Realty Equity 1.03%
Indian Energy Ex Miscellaneous Equity 1.01%
Tata Motors Automobile Equity 0.98%
Atul Chemicals Equity 0.97%
LIC Housing Fin. Finance Equity 0.95%
ITC Tobacco Products Equity 0.9%
HDFC AMC Finance Equity 0.89%
Maruti Suzuki Automobile Equity 0.88%
Natco Pharma Pharmaceuticals Equity 0.88%
Ipca Labs. Pharmaceuticals Equity 0.85%
Gateway Distri Logistics Equity 0.76%
PB Fintech. IT - Software Equity 0.75%
M & M Automobile Equity 0.7%
SRF Chemicals Equity 0.68%
Fortis Health. Healthcare Equity 0.68%
United Spirits Alcoholic Beverages Equity 0.67%
Chemplast Sanmar Chemicals Equity 0.67%
Sapphire Foods Quick Service Restaurant Equity 0.65%
Kajaria Ceramics Ceramic Products Equity 0.64%
Hind. Unilever FMCG Equity 0.64%
Interglobe Aviat Air Transport Service Equity 0.64%
Dabur India FMCG Equity 0.62%
Motherson Wiring Auto Ancillaries Equity 0.62%
Krishna Institu. Healthcare Equity 0.6%
Eicher Motors Automobile Equity 0.59%
Natl. Aluminium Non Ferrous Metals Equity 0.57%
NMDC Mining & Mineral products Equity 0.55%
ACC Cement Equity 0.51%
Apollo Hospitals Healthcare Equity 0.45%
Bharat Electron Electronics Equity 0.22%
TVS Motor Co. Automobile Equity 0.2%
Page Industries Readymade Garments/ Apparells Equity 0.17%
Sona BLW Precis. Auto Ancillaries Equity 0.16%
TCS IT - Software Equity 0.1%
Jio Financial Finance Equity 0.05%
Torrent Pharma. Pharmaceuticals Equity 0.05%
Titan Company Diamond, Gems and Jewellery Equity 0.05%
Banks
21.62%
IT-Software
7.56%
Pharmaceuticals & Biotech
6.61%
Industrial Products
5.91%
Finance
4.78%
Others
53.52%
View all Sectors
Sectors Asset
Banks 21.62%
IT-Software 7.56%
Pharmaceuticals & Biotech 6.61%
Industrial Products 5.91%
Finance 4.78%
Consumer Durables 4.55%
Petroleum Products 3.75%
Debt 3.2%
Telecom-Services 3.19%
Automobiles 3.02%
Insurance 2.98%
Gas 2.88%
Chemicals & Petrochemical 2.61%
Construction 2.35%
Cement & Cement Products 2.35%
Retailing 2.33%
Power 2.21%
Transport Services 2.21%
Auto Components 2%
Healthcare Services 1.8%
Capital Markets 1.58%
Ferrous Metals 1.41%
Diversified FMCG 1.27%
Fertilisers & Agrochemica 1.12%
Personal Products 1.1%
Leisure Services 1.04%
Realty 0.98%
Financial Technology (Fin 0.72%
Beverages 0.69%
Minerals & Mining 0.54%
Non-Ferrous Metals 0.5%
Aerospace & Defense 0.5%
Cash & Others 0.28%
Agricultural, Commercial 0.2%
Textiles & Apparels 0.16%
Others 0%
Equity
98.55%
Reverse Repos
1.28%
Net Curr Ass/Net Receivables
0.18%
Mutual Funds Units
0%
Others
0%

Advance Ratio

1.58
Alpha
3.89
SD
0.89
Beta
1.76
Sharpe

Exit Load

Exit Load 15% of the units allotted (including Switch-in/STP - in on or before completion of 365 days from the date of allotment of units: Nil. 1.00% - If redeemed within 1 year (365 days) from the date of allotment. Nil - If redeemed after 1 Year (365 days) from the date of allotment.

Fund Objective

The fund has a 99.06% investment in domestic securities. Of this, 44% of investment is in Large Cap Stocks, 27.32 % is in Mid Cap Stocks, and 8.34 % is in small Cap Stocks. It is primarily suitable for investors looking for high returns by investing their money for three to four years.

The large-cap companies in which the fund invests around 65% are top 100 companies by market capitalisation, and the mid-cap companies where the fund invests around 65% are the companies that are not a part of the top 100 companies. Still, they fall within the top 250 companies by market capitalisation.

Investors get an opportunity to participate in the growth of emerging companies. These companies have the potential to be tomorrow’s blue-chip companies.

Pros and cons

Pros Cons
The portfolio stability is increased by a minimum 35 % allocation to a large cap. The returns associated with market risk and the returns that one would get from these funds would be volatile, even depending on market conditions.
Investors get to invest through a single portfolio in both large and midcap stocks. The fund’s past performance might sustain or might not sustain in the future.
To meet long-term financial goals, the stability of large-cap holdings can bring more agility through midcaps which would create wealth during the journey of long-term investment.
The midcap allocations of these funds could create alphas over investment tenures that are sufficiently long as they have the potential.

How to redeem Mirae Asset Emerging Bluechip fund holding?

You can go to your holding on the app and click on the fund name. There will be two options: Invest More and Redeem. Click on redeem and enter the number of units you desire to redeem, or you can tick on “Redeem all units”.

Who should invest in the Mirae Asset Emerging Bluechip fund?

The investors who can steadily invest in the Mirae Asset Emerging Bluechip Fund should aim primarily for capital appreciation and people who want to be exposed to both large and midcap stocks through a single portfolio. Investors who want to invest for a long time, which could be at least 3 years or even longer, and investors with moderately high-risk appetites can invest in this fund.

What are the benefits of investing in the Mirae Asset Emerging Bluechip fund?

Investors of these funds would get to participate in the growth of emerging companies, and these companies have the potential to be the blue-chip companies of the future. Along with this, there is a potential for wealth creation in the long term.

Limiting the volatility is the main aim of the scheme mandate, with a minimum of 35 % large-cap exposure. Also, the fund has outperformed the benchmark it has set for the last 10 years.

The ability of the fund to deliver returns is in-line with most of the funds that belong to this category. It can control losses in a failing market and is above average. The majority of the money is invested in the Financial, Automobile, Energy, Technology, and Healthcare Sectors.

The AUM or Asset Under Management is the total value of a mutual fund scheme’s assets. It is a good indicator of the fund’s popularity, and a high AUM would indicate that a lot of money is invested, and these investors prefer investing in the fund.

Fund Managers

Neelesh Surana

Mr Neelesh Surana is among the senior fund managers at Mirae Asset India with extensive experience of over 24 years. His expertise in portfolio management has further enhanced his function of various domestic and offshore funds of the fund house. Before joining Mirae Asset India AMC, he worked at ASK Investment Managers Pvt Ltd. He has successfully fulfilled his role and responsibility for supervising and overseeing approximately five mutual fund schemes.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

Mirae Asset Mutual Fund
AUM:
1,24,824 Cr
Address:
Unit 606,6th Flr,Windsor Off. CST Road,Kalina, Santacruz(E),Mumbai-400098
Contact:
022-67800300
Email ID:
customercare@miraeasset.com

Frequently Asked Questions

How to invest in Mirae Asset Emerging Bluechip Fund – Direct Growth ?

You can invest in Mirae Asset Emerging Bluechip Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Mirae Asset Emerging Bluechip Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of Mirae Asset Emerging Bluechip Fund – Direct Growth ?

The NAV of Mirae Asset Emerging Bluechip Fund – Direct Growth is ₹124.8 as of 21 September 2023.

How to redeem Mirae Asset Emerging Bluechip Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Mirae Asset Emerging Bluechip Fund – Direct Growth?

The minimum SIP amount of Mirae Asset Emerging Bluechip Fund – Direct Growth is ₹1000

What are the top sectors Mirae Asset Emerging Bluechip Fund – Direct Growth has invested in?

The top sectors Mirae Asset Emerging Bluechip Fund – Direct Growth has invested in are
  1. Banks - 21.62%
  2. IT-Software - 7.56%
  3. Pharmaceuticals & Biotech - 6.61%
  4. Industrial Products - 5.91%
  5. Finance - 4.78%

Can I make investments in both the SIP and Lump Sum schemes of Mirae Asset Emerging Bluechip Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of Mirae Asset Emerging Bluechip Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have Mirae Asset Emerging Bluechip Fund – Direct Growth generated ?

The Mirae Asset Emerging Bluechip Fund – Direct Growth has delivered 22.7% since inception

What is the expense ratio of Mirae Asset Emerging Bluechip Fund – Direct Growth ?

The expense ratio of Mirae Asset Emerging Bluechip Fund – Direct Growth is 0.55 % as of 21 September 2023.

What is the AUM of Mirae Asset Emerging Bluechip Fund – Direct Growth?

The AUM of Mirae Asset Emerging Bluechip Fund – Direct Growth is ₹1,24,824 Cr as of 21 September 2023

What are the top stock holdings of Mirae Asset Emerging Bluechip Fund – Direct Growth?

The top stock holdings of Mirae Asset Emerging Bluechip Fund – Direct Growth are
  1. HDFC Bank - 6.81%
  2. ICICI Bank - 4.61%
  3. St Bk of India - 3.92%
  4. Axis Bank - 2.98%
  5. Reliance Industr - 2.58%

How can I redeem my investments in Mirae Asset Emerging Bluechip Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Mirae Asset Emerging Bluechip Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.

Is there any lock in period for Mirae Asset Emerging Bluechip Fund - Direct Growth?

No, there is no lock in period for Mirae Asset Emerging Bluechip Fund – Direct Growth.

Invest Now