Mirae Asset Emerging Bluechip Fund Direct Plan Growth
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Equity
Direct
Large & Mid-Cap
NAV: ₹ 105.1 as on 08-02-2023
Fund Performance
37608 people have invested ₹ 9.9Cr in mutual fund in the last three months
Fund Insights
In the last 1 year, Tata Large & Mid Cap Fund Direct Plan Growth has given 10.62% return, outperforming this fund by 12.15%
In the last 3 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 24.31% return, outperforming this fund by 6.06% per annum
In the last 5 years, this fund has outperformed all funds in its category
Over the last 6 months, this fund has decreased expense ratio by 2.8% moving from 0.71 to 0.69
This fund has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.69% which is lower than the category average expense ratio of 1.35%
INDmoney Rank
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4
/20
75% Performance
44% Risk Management
76% Cost
4 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.
Fund Performance as on (19-Jan-23)
About the Fund
Mirae Asset Emerging Bluechip Fund Direct Plan Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Neelesh Surana, Ankit Jain. The fund could potentially beat inflation in the long-run.
Key parameters
1) Mirae Asset Emerging Bluechip Fund Direct Plan Growth has a NAV of ₹105.103 as on 08-02-2023.
2) Mirae Asset Emerging Bluechip Fund Direct Plan Growth has ₹24055 Cr worth of assets under management (AUM) as on 31-12-2022 and is more than category average.
3) The fund has an expense ratio 0.69 %.
Fund Overview
Expense ratio | 0.69% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹24055 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹1/₹1000 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 66.35% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
52.5%
Mid cap
35.5%
Small cap
11.7%
Sector Allocation
Financial Services
31.8%
Consumer Cyclical
15.4%
Basic Materials
10.8%
Tech
8.5%
Industrial
8.3%
Health
7.3%
Energy
4.6%
Utilities
4.5%
Consumer Defensive
4.4%
Communication
3.8%
Real Estate
0.5%
Top Holdings as on (31-Dec-22)
Equity Holdings72
Debt Holdings1
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
HDFC Bank Ltd | 5.89% | 0% | |
ICICI Bank Ltd | 4.83% | -0.9% | |
Axis Bank Ltd | 4.53% | -4.1% | |
Infosys Ltd | 3.76% | 0% | |
Reliance Industries Ltd | 3.76% | 0% |
See all
What changed
in last one month
AUM decreased by 588.3 Cr in last 1M
Dec'22 return underperformed benchmark
Change in AUM
Dec'22
₹ 24.1K Cr
Nov'22
₹ 24.6K Cr
Oct'22
₹ 23.7K Cr
Fund Returns vs Benchmark
Jan'23
2.59%
5.37%
Dec'22
3.67%
2.63%
Nov'22
2.59%
5.37%
Fund Return
Benchmark Return
Concentration Analysis as on (31-Dec-22)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
Bayer CropScience Ltd | 7.2% |
Shriram Finance Ltd | 7% |
Axis Bank Ltd | 3.3% |
Top Losers | 1M Return |
|---|---|
Infosys Ltd | -9% |
Reliance Industries Ltd | -6.5% |
ICICI Bank Ltd | -5.2% |
Peer Analysis
Fund Manager
Neelesh Surana
Fund Manager of Mirae Asset Emerging Bluechip Fund Direct Plan Growth, since 9 July 2010
Top funds managed
Ankit Jain
Fund Manager of Mirae Asset Emerging Bluechip Fund Direct Plan Growth, since 31 January 2019
Top funds managed
AMC details
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.19L Cr
as on 31-Dec-2022
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Email
customercare@miraeasset.com
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 22.07% since inception which is more than its category average return of 15.06%
Fund Allocations
This fund has an allocation of 99.75% in Equity, 0% in Debt and 0.25% in Cash related instruments
AUM size ₹24055 Cr
This fund has AUM of ₹24055 Cr which is more than its category average of ₹ 4140 Cr
Expense Ratio 0.69%
This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.53%
Frequently Asked Questions
The current NAV of Mirae Asset Emerging Bluechip Fund Direct Plan Growth is 104.05 as on 07-Feb-2023.
Existing (Absolute + CAGR)
Mirae Asset Emerging Bluechip Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.61% | -1.61% |
6 Month Returns | -0.24% | -0.24% |
1 Year Returns | -2.7% | -2.7% |
3 Years Returns | 66.03% | 18.41% |
5 Years Returns | 103.99% | 15.32% |
With INDmoney, the process of investing is very simple and involves zero commission.
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0.69 as on January 2023
24055 Cr as on January 2023
HDFC Bank Ltd(5.89%),ICICI Bank Ltd(4.83%),Axis Bank Ltd(4.53%),Reliance Industries Ltd(3.76%),Infosys Ltd(3.76%) as on January 2023
Financial Services(31.77%),Consumer Cyclical(15.36%),Basic Materials(10.73%) as on January 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 | -4.97 | 1.21 | 2.77 |
As on January 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 | 0.85 | 0.94 | 0.94 |
As on January 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 | -0.44 | 0.69 | 0.5 |
As on January 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 | 14.76 | 22.69 | 19.79 |
As on January 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 as on January 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.2 as on January 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%
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.