Skip to main content

Mirae Asset Emerging Bluechip

 

Mirae Asset Emerging Bluechip - Invest Online

 

Investors looking to add a dose of mid-cap stocks to their portfolio, but with some cushion from reasonably large-sized stocks, can consider including Mirae Asset Emerging Bluechip to their portfolio.

The fund has completed a little over three years. Over this period, its performance is comparable to top mid-cap funds such as IDFC Premier Equity, HDFC Mid-Cap Opportunities, as well as more aggressive funds in this space such as SBI Emerging Businesses. The fund delivered 12.2% annually in the last 2 years, as against the 2.5% annual returns of the CNX Midcap Index.

Suitability

Mirae Asset Emerging Bluechip seeks to invest in mid-cap stocks and stocks that are nascent large-caps or emerging large-caps, outside the top 100 stocks in terms of market cap. Hence, its exposure to pure mid and small-cap companies may not be as high as typical mid-cap funds.

For instance, it held about 40% of its assets in stocks with a market capitalization of over Rs 10,000 crore, while funds such as IDFC Premier Equity or HDFC Mid-Cap Opportunities held a little under 30%.  The fund, therefore sports lower volatility (as evidenced by the standard deviation measure). But this may also mean that in a fast rally led by mid and small caps, the fund's return may not be top notch. Hence, this fund will not fit your bill if you are looking for very aggressive plays.

The fund may be used as a diversifier to your core portfolio. Given that it does not have a very long track record, small exposure to the fund and an annual review of performance may be warranted.

Performance

Mirae Asset Emerging Bluechip has a couple of aces up its sleeve. For one, on a rolling 1-year return basis since inception, the fund has beaten its benchmark, CNX Midcap, 100% of the times, showcasing tremendous consistency.

performance_mirae

Two, the fund lost the least in the 2011 fall, even as most peers fell between 18-25%. This, the fund managed with full exposure to equities, even as aggressive players such as SBI Emerging Businesses held less than 90% and others such as IDFC Premier Equity reduced equity stakes to as low as 76% that year.

Three, although the fund's risk-adjusted returns in the last 3 years is slightly lower than peers from IDFC and HDFC, the last 2 years' record suggests that it has reversed this situation and actually delivered higher.

 

 

Portfolio

portfolio_mirae

 

 

 

 

 

 

 

 

Mirae Asset Emerging Bluechip has an interesting portfolio. Even while it has large-sized stocks, these cannot be termed the typical blue chips found in most portfolios. For instance, Aditya Birla Nuvo, Motherson Sumi Systems or Cummins India are not the typical large-cap holdings you will see in mid-sized funds.  Among its sector holdings, although the fund is high on pharma like most peers now, it does not hold too much of IT stocks. It still prefers the banking  and finance space, albeit with some mid-cap plays.

Gulf Oil Corporation, Himatsingka Seide and Vinati Organics are also some of the offbeat mid and small-cap picks. Clearly, its contrarian holding is a key behind its portfolio not taking a big hit in market falls.

The fund is managed by Neelesh Surana.

Best Tax Saver Mutual Funds for 2016 or Top ELSS Mutual Funds for 2016

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Popular posts from this blog

What is Electronic Clearing Service (ECS)?

  As the name suggests, it's an electronic process through which money can be transferred from one bank account to another. According to RBI, this mode is usually used for regular payments and receipts, like distribution of dividend, interest, salary, pension etc. This mode is also used for collection of bills for telephone, electricity, water, various types of taxes, payment of EMIs , investments in mutual funds , payment of insurance premium etc. There are two types of ECS , like most other banking transactions, ECS credit and ECS debit. An ECS credit is used by a bank account holder , usually a large company or an institution for services like payment of dividend, in terest, salary, pension etc. If your mutual fund pays you dividend to your bank account, of all probability it is being paid through ECS credit.ECS debit, on the other hand, is used when a company or an institution is getting money from a large number of people. For example if you are investing in a mutual fund sc...

WEALTH TAX

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 WEALTH TAX   WHAT CONSTITUTES WEALTH? For wealth tax purposes, "wealth" means property , urban land, car, jewellery , yacht, boat, aircraft and cash in hand in excess of Rs 50,000. CAUTION POINT | Do not think you will have an easy escape from wealth tax by transferring your `wealth' without consideration to your spouse or minor child. Such assets will also be considered as your wealth. HOW TO DETERMINE YOUR TAXABLE WEALTH Add the taxable value of the above assets (computed as per the detailed rules for valuation) owned by you as on March 31 (for FY 2014-15, it will be March 31, 2015). In case you sold your car during the year, it will not be taxable wealth. Deduct loans if any obtained by you to acquire any of the taxable assets from the value of gross tax out for at least 300 days in a...

Equity Savings Fund

Invest Equity Savings Fund Online   The best part about these funds is that they are subject to equity fund taxation and at the same time are structured like MIP like funds . This new category, equity savings funds , offer a little of everything. They allocate money to equities & equity related instruments, and fixed income. They aim to generate returns by diversification. Such funds invest in fixed income and arbitrage to protect the investors from short term volatility and equity for capital gains. The best part of these funds is that they are subject to equity fund taxation and at the same time are structured like MIP funds.   MIP funds however are subject to debt fund taxation. Investors Equity savings funds are suitable for the following: First time investors who seek partial exposure to equity with less volatility and greater stability Investors seeking moderate capital appreciation with relatively lower risk Those wh...

How to Pick Top Performing Mutual Fund Schemes

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   How to Pick Performing Schemes  Funds that continue to stay in the top grade of performance over longer periods are the ones to bet on, advise investment experts   The mutual fund performance charts of the past few months make for an impressive reading. Funds across all categories boast of stellar returns. Sample this: The mid and small cap category has averaged 77 percent return over the past 12 months, with the best fund delivering a staggering 120 percent. The tax-saving funds also average an impressive 51 percent, including a fund which has soared 92 percent. Many of the table-toppers are funds of proven quality and track record. However, there are also schemes that are not that well-known. Some of these have rarely made it to the performance charts in the past, yet, of late, they bo...

8% Government of India Bonds quick guide

For those seeking comfort in safety of returns, the Government of India issued 8% savings bond once again comes to the fore. First launched in 2003, these bonds are issued by the government with a maturity of 6 years. The bonds are available at all times with specified distributors through whom you can apply to invest in them. Here is a quick guide to what the bond offers and its features to ascertain to check for suitability. What are Government of India bonds Government of India bonds are like any other government bonds with specified rate of interest. The rate is fixed at 8% per annum paid half yearly, or you can opt for cumulative payment of interest at the end of the tenure. You can buy these bonds from State Bank of India and its associates, other nationalized banks and some private sector banks such as HDFC Bank Ltd and ICICI Bank Ltd, among others. The bonds can be bought from the offices of Stock Holding Corporation of India as well. They are available in physical form onl...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now