Friday, February 16, 2018

Mirae Asset Emerging BlueChip Fund




With markets scaling new highs almost every other day, it makes sense to be invested in schemes that are conservative in their approach as far as stock selection is concerned. Also, if these schemes have a reasonably good exposure to large and mid-sized companies, the likelihood of their outperformance is quite high. One such scheme is Mirae Asset Emerging Bluechip.

One of the distinct features of Mirae Bluechip is its fund manager Neelesh Surana's ability to pick midcap stories that have consistently proved to be potential largecaps. There are three main parameters Surana takes into account before selecting a stock:

quality of earnings, products and

presence in the industry in which it operates,

management (corporate governance) and valuation.


The fund invests 25-30% in top 100 companies by market capitalisation.

Due to its focus on quality stocks, the scheme has beaten its category peers by a considerable margin. In the past three and five-year periods, the scheme has given 25.7% and 30.5% returns while its benchmark index, Nifty Free Float Midcap 100, has given 18.3% and 18.7%, respectively, during the same period. The fund has also performed well when markets have seen selling pressure.

In the past six months, the scheme has invested in quality midand large-sized companies across sectors, which include Yes Bank, Finolex Cables, Apollo Tyres, and Glenmark Pharmaceuticals Ltd.






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