Mirae Asset Emerging Bluechip Fund aims To generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization and have market capitalization of atleast Rs.100 Crores at the time of investment.
Mirae Asset Emerging Bluechip Fund is unusual for a mid-cap fund to use the ‘bluechip’ moniker in its label. But this fund lives up to its name by scouting for quality names alone in the mid-cap space.
Mirae Asset Emerging Bluechip Fund has outpaced both its benchmark and peers in every year since launch, though it has a limited track record, from 2011. Strong returns have helped this fund hold onto a five-star rating since it entered the rating chart in 2013. The fund has never fallen below the first quartile in the five years since launch.
Mirae Asset Emerging Bluechip Fund prefers larger mid-cap companies. It consciously avoids tiny-sized companies, those with operating profits below Rs 100 crore.
Though the Mirae Asset Emerging Bluechip Fund is quality-oriented, it is value conscious. It hunts for businesses with decent growth prospects and a good ROCE. Buying good companies at reasonable prices is the key philosophy. The portfolio allocation shows a consistent 40-60 per cent allocation to mid caps (higher than that of the category) and a 20-40 per cent to large caps.
With a 35.3 per cent CAGR over three years and 29.7 per cent over five years, the fund is ahead of its benchmark by comfortable 9-13 percentage points. It has beaten peers by 7-9 percentage points in the same period. Bull or bear phases have gone equally well for the fund during its short tenure. The one shortcoming is that due to its recent vintage it hasn’t faced a severe bear market of the 2008 magnitude. While quality stocks have faced a rough time in the last one year, the fund has managed to handle this shift well with a convincing outperformance of both its benchmark and category.
Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich
Top 10 Tax Saver Mutual Funds for 2017 – 2018
Best 10 ELSS Mutual Funds to Invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Tata India Tax Savings Fund
3. Birla Sun Life Tax Relief 96
4. ICICI Prudential Long Term Equity Fund
5. Invesco India Tax Plan
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Sundaram Diversified Equity Fund
Invest in Best Performing 2017 Tax Saver Mutual Funds Online
For further information contact SaveTaxGetRich on 94 8300 8300
You can write to us at
Invest [at] SaveTaxGetRich [dot] Com
Call us on 94 8300 8300