Should i invest in mirae asset emerging bluechip fund?
Mirae Asset Emerging Bluechip Fund (Growth) is a good choice within large & mid cap mutual funds. Scripbox recommends other funds for investment in large & mid cap.
Mirae Asset Emerging Bluechip Fund is a topper in the large and mid cap category. The scheme has a good long term track record. You should not worry about six-month SIP returns and take a call whether the scheme is good to invest in. Always remember equity is an asset meant for the long term.
However, a large & mid cap scheme like Mirae Emerging Bluechip Fund is not suitable for investing for five years. Large & mid cap schemes have the mandate to invest at least 35 per cent of the corpus in mid cap stocks. Mid cap stocks can be volatile and they are also risky.
- Mirae Asset Emerging Bluechip Fund Regular-Growth. 8.30% 19.68%
- Canara Robeco Emerging Equities Fund Regular-Growth. 10.81% 16.90%
- Edelweiss Large & Mid Cap Fund Regular-Growth. 8.85% 16.13%
- SBI Large & Midcap Fund-Growth. 14.08% 16.99%
| Funds | 1 mth returns | Since inception |
|---|---|---|
| Axis Bluechip Fund | 1.13% | 18.05% |
| Canara Robeco Bluechip Equity Fund | 2.01% | 16.68% |
| Mirae Asset Emerging Bluechip Fund | 3.07% | 26.11% |
| Source: Groww |
| Fund Name | Category | 1Y Returns |
|---|---|---|
| Mirae Asset Emerging Bluechip Fund | Equity | 9.4% |
| Mirae Asset Large Cap Fund | Equity | 9.3% |
| Mirae Asset Tax Saver Fund | Equity | 10.4% |
| Mirae Asset Savings Fund | Debt | 3.3% |
Can AMC close such kinds of funds in the future? One, you can't invest more than Rs 2,500 via SIP in Mirae Asset Emerging Bluechip Fund. The fund house reduced the SIP limit to 2,500 from 25,000 two years ago. It also does not allow lump sum investments.
The risk profile of Mirae Asset Emerging Bluechip fund is 'Moderately High'. Investors should understand that their principal investment in this fund will be at moderately high risk.
The fund was launched on Jul 09, 2010. 1. The investment objective of the fund is that " To generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of large cap and midcap companies at the time of investment. "
Large & Mid Cap Fund :Large & Mid Cap Fund : Fund has 99.61% investment in indian stocks of which 47.72% is in large cap stocks, 25.6% is in mid cap stocks, 7.6% in small cap stocks.
Is it safe to invest in bluechip funds?
A blue-chip fund's shares are invested in companies that have provided strong returns to their owners for many years. Investors profit handsomely from their sales. Furthermore, the risk associated with such funds is minimal. Blue-chip funds have a very high market capitalization.
Blue-chip stocks are considered safe investment options as they can endure economic downturns and are not highly volatile. They also present a slow but moderate growth potential. These are typically dividend-paying stocks where the payment is made quarterly.
They stay steady, so if you want stable returns with low risk, invest in bluechip stocks. As they grow gradually, blue-chip stocks can deliver better returns in the long term, so it is suited for investors with long-term investment timelines. You should invest for about 7-10 years.
Hyeon Joo Park is the founder and Global Investment Strategy Officer (GISO) of the Mirae Asset Financial Group.
Mirae Asset is doing really great since its inception in India in Nov, 2007. Two of its funds or schemes are on top in their respective category if compared with '5 year returns'. Comparison with '10 year returns' not possible since none of the schemes completed 10 years at the time of writing this answer.
| Fund Name | Minimum SIP | 1 Year Returns |
|---|---|---|
| Mirae Asset Hybrid Equity Fund Direct-Growth | Rs 1000 | 43.76% |
| Mirae Asset Great Consumer Fund Direct-Growth | Rs 1000 | 54.79% |
| Mirae Asset Large Cap Fund (Growth) | Rs 1000 | 54.45% |
Most emerging blue-chip funds define mid-caps as those companies having a market cap between the highest market-cap stock and lowest market-cap stock on the BSE Mid-Cap Index or the Nifty Free Float Mid-cap 100 index. Such funds also allow an allocation of up to 25%-30% to large-cap stocks.
| Fund Name | 3-year Return (%)* | |
|---|---|---|
| SBI Focused Equity Fund Direct Plan-Growth | 16.07% | Invest |
| Mirae Asset Emerging Bluechip Fund Direct-Growth | 20.63% | Invest |
| Axis Bluechip Fund Direct Plan-Growth | 13.77% | Invest |
| UTI Flexi Cap Fund Direct-Growth | 17.55% | Invest |
Fresh Registration through the Systematic Route i.e. Systematic Investment Plan (SIP) shall be allowed for a maximum of upto ₹ 25,000/- aggregated at primary holder PAN through monthly or quarterly mode cumulatively aggregated across all available SIP Dates from 1st to 28th of the month.
What is the new name of Mirae Asset Emerging Bluechip fund?
...
Mirae Asset Mutual Fund Name And Category Changes.
| Old Name | Mirae Asset Emerging Bluechip Fund |
|---|---|
| New Name | Mirae Asset Emerging Bluechip Fund |
| Old Category | Equity-Mid Cap |
| New Category | Equity-Large & Mid Cap |
| Fund Name | Category | 1Y Returns |
|---|---|---|
| Axis Growth Opportunities Fund | Equity | 11.4% |
| Axis Midcap Fund | Equity | 10.9% |
| Mirae Asset Emerging Bluechip Fund | Equity | 9.4% |
| Quant Focused Fund | Equity | 4.8% |
- PGIM India Diversified Equity Fund.
- Mahindra Badhat Yojana.
- ICICI Prudential Value Discovery Fund.
- Mirae Asset Emerging Bluechip Fund.
- IDFC Sterling Value Fund.
- Baroda Pioneer Multi Cap Fund.
- BNP Paribas Multi Cap Fund.
- ICICI Prudential Large & Mid Cap Fund.
- Quant Active Fund. N.A. ...
- Parag Parikh Flexi Cap Fund. Consistency. ...
- PGIM India Flexi Cap Fund. Consistency. ...
- Quant Large and Mid Cap Fund. ...
- Quant Focused Fund. ...
- Mirae Asset Emerging Bluechip Fund. ...
- Canara Robeco Emerging Equities Fund. ...
- Edelweiss Large & Mid Cap Fund.
Bluechip Mutual Funds are known for its long-term returns and performances. These are the funds that invest in shares and stocks of large, well-established companies. These are financially sound companies that have been operating for many years now.
| Top Performing Funds Of 2021 | |
|---|---|
| Scheme | Return (%) |
| Quant Small Cap Fund | 88.05 |
| Quant Infrastructure Fund | 83.22 |
| L&T Emerging Businesses Fund | 77.41 |
| Scheme Name | 5-Year Monthly SIP | 10-Year Monthly SIP |
|---|---|---|
| ICICI Pru Top 100 Fund (G) | Rs.9,41,591 | 16.02% |
| Quantum LT Equity Fund (G) – Direct Plan | Rs.9,15,695 | 16.86% |
| Reliance Growth Fund (G) | Rs.10,75,057 | 18.05% |
| SBI BlueChip Fund – Reg (G) | Rs.9,55,955 | 16.86% |
It is perfectly fine to stop your SIP in SBI Bluechip or any other active fund and shift existing and future investments into a Nifty or Sensex fund, however … Do so only for the right reasons. Tomorrow the tide could change, and index funds could be pushed down to the bottom of the large cap ladder.
As per market capitalisation, India's leading blue chip companies today are State Bank of India (SBI), Bharti Airtel, Tata Consultancy Services (TCS), Coal India, Reliance Industries, HDFC Bank, ONGC, ITC, Sun Pharma, GAIL (India), Infosys, and ICICI Bank.
A majority of blue-chip stocks offer dividends to shareholders, and these payouts are supported by robust and sustainable business models.
Which company called blue chip?
A blue-chip company is a multinational firm that has been in operation for a number of years. Think companies like Coca-Cola, Disney, PepsiCo, Walmart, General Electric, IBM, and McDonald's, which are dominant leaders in their respective industries.
Large & Mid Cap Fund / Mirae Asset Mutual Fund / Mirae Asset Emerging Bluechip Fund (G)
Some of the other schemes managed by the same fund manager (e.g. Mirae Asset Emerging Bluechip, Mirae Asset Great Consumer Fund) are among the top performing funds in their categories. The fund has been able to outperform its benchmark Nifty Midcap 100 TRI since inception.
The fund was launched on Jul 09, 2010. 1. The investment objective of the fund is that " To generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of large cap and midcap companies at the time of investment. "
The risk profile of Mirae Asset Emerging Bluechip fund is 'Moderately High'. Investors should understand that their principal investment in this fund will be at moderately high risk.
Hyeon Joo Park is the founder and Global Investment Strategy Officer (GISO) of the Mirae Asset Financial Group.
- Mahindra Manulife Mid Cap Unnati Yojana Direct Growth. ...
- Edelweiss Mid Cap Fund Direct Plan Growth Option. ...
- Kotak Emerging Equity Scheme Direct Growth. ...
- Nippon India Growth Fund - Direct Plan - Growth. ...
- Baroda BNP Paribas Mid Cap Fund Direct Plan Growth Option. ...
- Motilal Oswal Midcap 30 Direct Growth.
| Mutual fund | 5 Yr. Returns | 3 Yr. Returns |
|---|---|---|
| PGIM India Midcap Opportunities Fund Regular Growth | 22.23% | 36.71% |
| Quant Mid Cap Fund Growth | 21.61% | 29.54% |
| Baroda Mid-cap Fund Plan A Growth | 18.32% | 28.06% |
| Nippon India Growth Fund - Growth | 18.82% | 27.66% |
The NAV of Mirae Asset Midcap Fund Direct Growth is ₹19.71 as of 16 May 2022.
