This successful fund manager believes in disciplined long term investment for wealth creation

This successful fund manager believes in disciplined long term investment for wealth creation

by 5paisa Research Team Last Updated: Dec 16, 2021, 12:49 PM IST

Neelesh Surana ranks amongst the top fund managers in India, and currently manages the Mirae Asset Emerging Blue Chip Fund and Mirae Asset Tax Saver Fund.

Neelesh Surana, one of the most celebrated fund managers, is Chief Investment Officer at Mirae Asset Investment Managers (India) Private Limited. In his capacity as CIO, Neelesh spearheads the research and fund management function.

 An engineering graduate with an MBA in Finance from the Institute of Management Studies, Indore, he has over 26 years of experience in equity research and portfolio management. Surana joined Mirae Asset in 2008 after five years with ASK Investment Managers where he was Senior Portfolio Manager and was responsible for the management of Indian and International portfolios. Before this, he worked with IL&FS Investment Limited in the Institutional Equity team tracking Metals and FMCG sectors.

Mirae Asset Emerging Bluechip Fund Direct-Growth is a Large & MidCap MF while Mirae Asset Tax Saver Fund Direct-Growth is an ELSS from Mirae Asset Mutual Fund. Both Mirae Asset Emerging Bluechip Fund and Tax Saver Fund are medium size funds with an AUM of Rs 21,231 crore and Rs 10,087 crore as of September 30, 2021, respectively. Mirae Asset Emerging Bluechip Fund Direct-Growth returns of the last 1-year are 43.87% and since launch, it has delivered 25.36% average annual returns. Mirae Asset Tax Saver Fund Direct-Growth returns of the last 1-year are 40.40%. and since its launch, it has delivered 22.74% average annual returns. Both the funds have doubled the money invested in it every 2 years.

Investment Philosophy

“A disciplined approach to investing, with focus on quality up to a reasonable price, has helped us deliver a satisfactory track record. The focus is more on stock selection, through a bottom-up approach in growth companies, available at a reasonable valuation.” views Neelesh Surana.

According to Surana, there is no clear choice between growth or value stocks, instead, growth should be viewed as a subset of value.

His views on recent corrections

Bullish on India’s growth story, fuelled by demand revival and positive earnings growth with strong business consolidation, Surana views the corrections as an opportunity to buy with a long term perspective.

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SENSEX
54,538.73
220.26 (0.41%)
Nifty 50
16,359.35
100.05 (0.62%)
Nifty Bank
34,550.50
248.60 (0.72%)

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