Mirae Asset Emerging Bluechip Fund Direct Plan Growth
Mirae Asset Emerging Bluechip Fund Direct Plan Growth

Mirae Asset Emerging Bluechip Fund Direct Plan Growth

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Equity
Direct
Large & Mid-Cap

NAV: ₹ 101.9 as on 31-03-2023

Fund Performance
zero opening, trading, fund transfer fee
34803 people have invested ₹ 9.2Cr in mutual fund in the last three months

Fund Insights

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In the last 1 year, Tata Large & Mid Cap Fund Direct Plan Growth has given 9.77% return, outperforming Mirae Asset Emerging Bluechip Fund Direct Plan Growth by 11.51%

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In the last 3 years, ICICI Prudential Large & Mid Cap Fund Direct Plan Growth has given 35.9% return, outperforming Mirae Asset Emerging Bluechip Fund Direct Plan Growth by 4.71% per annum

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In the last 5 years, Mirae Asset Emerging Bluechip Fund Direct Plan Growth has outperformed all funds in its category

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Over the last 1 month, Mirae Asset Emerging Bluechip Fund Direct Plan Growth has decreased expense ratio by 11.6% moving from 0.69 to 0.61

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Mirae Asset Emerging Bluechip Fund Direct Plan Growth has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.37%

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Over the last 3 months, Mirae Asset Emerging Bluechip Fund Direct Plan Growth has experienced a 5.1% drop in AUM moving from 24.64K Cr to 23.39K Cr

INDmoney Rank

Powered by IND quant engine
3
/20
74% Performance
45% Risk Management
75% Cost
3 out of 20 among large & mid-cap

Pros

Generated Consistent Returns

Consistently beats benchmark

Lower probablity of downside risk

Cons

No bad points found for this fund.

Mirae Asset Emerging Bluechip Fund Direct Plan Growth Performance as on (31-Mar-23)

Return
1M
3M
6M
1Y
3Y
5Y
Mirae Asset Emerging Bluechip Fund Direct Plan Growth
-0.4%
-4.2%
-0.8%
-1.7%
31.2%
15.4%
NIFTY 500
-0.2%
-6.2%
-1.8%
-3.5%
29.1%
10%
large & mid-cap
-0.8%
-4.6%
-2%
-0.5%
28.8%
11%

About the Fund

Mirae Asset Emerging Bluechip Fund Direct Plan Growth is a smart investment option for investors seeking exposure to mid-cap and small-cap companies with high growth potential. Managed by Mirae Asset Mutual Fund, this fund aims to provide long-term capital growth by investing in emerging companies that have the potential to become leaders in their respective sectors.

The fund managers follow a bottom-up approach to stock selection, focusing on identifying companies with strong growth potential, quality management, and a competitive advantage. The portfolio is well-diversified across sectors and stocks, reducing the risk associated with investing in mid-cap and small-cap companies.

The fund is suitable for investors who are willing to take higher risks for potentially higher returns and have a long-term investment horizon.

Key parameters

1) Mirae Asset Emerging Bluechip Fund Direct Plan Growth has a NAV of 101.905 as on 31-03-2023.

2) Mirae Asset Emerging Bluechip Fund Direct Plan Growth has 23394 Cr worth of assets under management (AUM) as on 28-02-2023 and is more than category average.

3) The fund has an expense ratio 0.61 %.

Mirae Asset Emerging Bluechip Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.61%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹23394 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
66.35%

Fund Distribution as on (28-Feb-23)

  • Equity 99.8%

  • Debt & Cash 0.2%

Size breakup

Large cap
53.4%
Mid cap
35.4%
Small cap
11%

Sector Allocation

Feb'23

Jan'23

Dec'22

Financial Services

31.6%

Consumer Cyclical

14.8%

Basic Materials

10.1%

Industrial

9.4%

Tech

8.2%

Health

7.9%

Utilities

5.1%

Consumer Defensive

4.7%

Energy

4.2%

Communication

3.3%

Real Estate

0.6%

Top Holdings of Mirae Asset Emerging Bluechip Fund Direct Plan Growth as on (31-Mar-23)

  • Equity

Equity Holdings75

Mirae Asset Emerging Bluechip Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Dec'22 and Feb'23

Fund Performance

Feb'23
Jan'23
Dec'22
Fund Returns
-1.80%
-2.02%
-2.73%
NIFTY 500
-2.22%
-3.79%
-3.47%
  • This fund’s returns stands at -1.80% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -2.22% as on Feb'23
  • This fund outperformed NIFTY 500 by 0.42% in Feb'23

AUM Change

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 23.7K Cr
₹ 23.7K Cr
₹ 24.1K Cr
  • AUM of the fund stands at 23.7K Cr as of Feb'23
  • AUM has remained same between Feb'23 and Jan'23

Fund Portfolio Changes

Top Stocks bought last month
Tata Steel Ltd's allocation increased from 1.6% to 2%
Tata Steel Ltd's allocation increased from 1.6% to 2%
Tata Motors Ltd's allocation increased from 0.95% to 1.22%
Tata Motors Ltd's allocation increased from 0.95% to 1.22%
The Federal Bank Ltd's allocation increased from 1.48% to 1.74%
The Federal Bank Ltd's allocation increased from 1.48% to 1.74%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 5.89 % to 5.89 %
HDFC Bank Ltd's allocation decreased from 5.89 % to 5.89 %
ICICI Bank Ltd's allocation decreased from 4.83 % to 4.57 %
ICICI Bank Ltd's allocation decreased from 4.83 % to 4.57 %
Axis Bank Ltd's allocation decreased from 4.53 % to 4.29 %
Axis Bank Ltd's allocation decreased from 4.53 % to 4.29 %
Mid Cap allocation has gone down from 35.4% to 35.4%
Mid Cap allocation has gone down from 35.4% to 35.4%
Large Cap allocation has gone up from 53.1% to 53.4%
Large Cap allocation has gone up from 53.1% to 53.4%
Small Cap allocation has gone down from 11.2% to 11%
Small Cap allocation has gone down from 11.2% to 11%
Cash allocation has gone down from 0.3% to 0.2%
Cash allocation has gone down from 0.3% to 0.2%

Top 3 Sectors in February were Financial Services, Consumer Cyclical & Basic Materials

Feb'23
Financial Services
32%
Consumer Cyclical
15%
Basic Materials
10%
Jan'23
Financial Services
31%
Consumer Cyclical
15%
Basic Materials
10%

Gainers & Losers in Mirae Asset Emerging Bluechip Fund Direct Plan Growth portfolio as on (28-Feb-23)

Mirae Asset Emerging Bluechip Fund Direct Plan Growth Fund Manager

Neelesh Surana

Neelesh Surana

Fund Manager of Mirae Asset Emerging Bluechip Fund Direct Plan Growth, since 9 July 2010
Ankit Jain

Ankit Jain

Fund Manager of Mirae Asset Emerging Bluechip Fund Direct Plan Growth, since 31 January 2019

Fund Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 21.37% since inception which is more than its category average return of 14.3%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.78% in Equity, 0% in Debt and 0.22% in Cash related instruments
AUM size ₹23394 Cr

AUM size ₹23394 Cr

This fund has AUM of ₹23394 Cr which is more than its category average of ₹ 4122 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.58%

Frequently Asked Questions

The current NAV of Mirae Asset Emerging Bluechip Fund Direct Plan Growth is 99.51 as on 28-Mar-2023.
Existing (Absolute + CAGR)
Mirae Asset Emerging Bluechip Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.77%
-2.77%
6 Month Returns
-1.95%
-1.95%
1 Year Returns
-2.02%
-2.02%
3 Years Returns
120.97%
30.25%
5 Years Returns
98.84%
14.74%
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0.61 as on March 2023
23394 Cr as on March 2023
HDFC Bank Ltd(5.95%),ICICI Bank Ltd(4.91%),Axis Bank Ltd(4.27%),Reliance Industries Ltd(3.8%),State Bank of India(3.21%) as on March 2023
Financial Services(31.56%),Consumer Cyclical(14.81%),Basic Materials(10.05%) as on March 2023
The alpha ratio for the Mirae Asset Emerging Bluechip Fund Direct Plan Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Emerging Bluechip Fund Direct Plan Growth
-3.62
0.69
2.91
As on March 2023
The alpha for Mirae Asset Emerging Bluechip Fund Direct Plan Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset Emerging Bluechip Fund Direct Plan Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Emerging Bluechip Fund Direct Plan Growth
0.82
0.95
0.94
As on March 2023
The Beta for Mirae Asset Emerging Bluechip Fund Direct Plan Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset Emerging Bluechip Fund Direct Plan Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mirae Asset Emerging Bluechip Fund Direct Plan Growth
-0.22
0.73
0.53
As on March 2023
The sharpe ratio for Mirae Asset Emerging Bluechip Fund Direct Plan Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset Emerging Bluechip Fund Direct Plan Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mirae Asset Emerging Bluechip Fund Direct Plan Growth
13.77
22.53
19.68
As on March 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.06 as on March 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.03 as on March 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Neelesh Surana,Ankit Jain are the fund managers of Mirae Asset Emerging Bluechip Fund Direct Plan Growth
The Exit load of Mirae Asset Emerging Bluechip Fund Direct Plan Growth is 1%