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

SBI Magnum Tax Gain Scheme 1993 Applcation Form

    https://sites.google.com/site/mutualfundapplications/tax-saving-mutual-funds-elss     Investment Details Basics Min Investment (Rs) 500 Subsequent Investment (Rs) 500 Min Withdrawal (Rs) -- Min Balance -- Pricing Method Forward Purchase Cut-off Time (hrs) 15 Redemption Cut-off Time (hrs) 15 Redemption Time (days) -- Lock-in 1095 days Cheque Writing -- Systematic Investment Plan SIP Yes Initial Investment (Rs) -- Additional Investment (Rs) 500 No of Cheques 12 Note Monthly investment of Rs 1000 for 6 months and quarterly investment of Rs 1500 for 4 quarters.

Birla Sun Life Tax Plan Online

Invest Birla Sun Life Tax Plan Online   An Open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment.   After a bad patch from 2008 to 2010, Birla Sun Life Tax Plan has made a big comeback in the last five years, with a particularly good run since 2014. The fund's rankings, which had slipped to two stars in 2011-12, recovered sharply to three-four stars in the last three years. The fund has delivered a particularly large outperformance over its benchmark and peers in the last couple of years. The fund's investment strategy focuses on a diversified and high-quality portfolio, with parameters such as capital ratios and balance-sheet strength used to judge quality. It uses a combination of top-down and bottom-up approaches to take sector/stock positions. The fund avoids highly leveraged plays. Staying more or less fully invested at all times, the fund parks roughly half of its portfoli

Should you Roll Over 1 year Fixed Maturity Plans?

The period between January and March typically sees an uptick in the launch of fixed maturity plans, or FMPs. Not this year. Instead, fund houses are busy rolling over or extending the tenure of their one- year FMPs launched last year to three years. Investors in one- year FMPs have a choice. Either redeem units or roll over to three years. If you exit now, your gains will be added to your income and taxed in line with your individual slab rate of 10, 20 or 30 per cent. If you stay invested for two more years, you pay 20 per cent tax with indexation benefit. Yields have softened in the past few months on expectations of a rate cut. If the central bank continues its soft monetary stance, yields are likely to fall further. In such a scenario, it makes sense for investors, particularly those in the 30 per cent tax bracket, to roll over their investments and lock in at a higher yield now. In a surprise move, the Reserve Bank of India cut repo rate by 25 basis

Mutual Fund Review: IDFC Premier Equity Fund

  IDFC Premier Equity Fund, which falls under the presumed high risk group of mid- and small-cap schemes, can rely on astute and timely equity picks. These make it less vulnerable to fluctuations compared with others in the category   IDFC Premier Equity Fund is designed to invest in upcoming, but promising businesses available at cheap valuations, and hold on to these businesses until they reap desired returns. The experiment has been successful so far, and IDFC Premier Equity has emerged as one of the top performing mutual fund schemes in the mid- and smallcap category of equity schemes.    While the scheme is an open-ended equity fund, i.e. open for subscriptions throughout the year, it has a unique philosophy to limit fresh inflows. Thus, while an investor can always take the systematic investment plan ( SIP ) route to invest in the scheme throughout the year, inflows through a lumpsum investment have been restricted. Since inception, IDFC Premier Equity has been opened for l

IDFC Premier Equity Fund dividend

  IDFC Mutual Fund   has announced dividend under the dividend option of   IDFC Premier Equity Fund Direct-D . The quantum of dividend shall be   R 4.3464 per unit.   The record date has been fixed as May 06, 2015. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015 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]
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