Fund Positioning
Mirae Asset Emerging Bluechip Fund is our flagship mid cap scheme, which gives investors an opportunity to participate in the growth oriented companies. The portfolio has more than 65% in companies which are not part of the top 100 stocks by market capitalization. The fund endeavors to create a portfolio of quality businesses which meet the criteria of high growth, good Return on Capital employed, and superior management quality, etc.
Risk mitigation is done by spreading investments across sectors, and companies. The fund has a bias for large growth oriented midcap companies, to mitigate overall liquidity risk.
Fund Performance
Mirae Asset Emerging Bluechip Fund has been one of the most consistent performing fund since its inception. The fund has outperformed its benchmark consistently since inception across various market cycles. The fund has delivered 25.42% returns compared to 9.85% returns delivered by CNX Midcap since inception, while the 1 year returns are 70.38% compared to 50.96% delivered by CNX Midcap. (as on 31st March, 2015). The fund has also outperformed its peers in a consistent manner across time horizon and is a top rated fund with many awards and accolades.
The fund strategy of investing in companies with sustainable competitive advantage and following GARP (i.e., buying growth oriented companies upto a reasonable price), have led to this outperformance.
The fund is currently overweight on Financials, Pharma, Auto and Auto Ancillaries, and Building materials.·
•long-term capital appreciation
•predominantly investments in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization
•Risk – High
Performance AnalysisLast Updated On : 19/01/16
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016(YTD) | |
| Fund Return % | NA | NA | NA | 12.54 | -15.15 | 45.57 | 8.61 | 84.62 | 14.08 | -9.33 |
| Benchmark Return % | 76.93 | -59.40 | 98.97 | 19.16 | -31.00 | 39.16 | -5.10 | 55.91 | 6.46 | -9.86 |
| Sensex Return % | 47.15 | -52.45 | 81.03 | 17.43 | -24.64 | 25.70 | 8.98 | 29.89 | -5.03 | -7.39 |
| Fund rank in category | NA | NA | NA | 36/43 | 4/42 | 13/40 | 10/38 | 9/42 | 6/54 | 16/65 |
| Percentile | NA | NA | NA | 19 | 93 | 70 | 76 | 81 | 91 | 77 |
| Alpha over benchmark | NA | NA | NA | -6.62 | 15.85 | 6.41 | 13.71 | 28.71 | 7.62 | 0.53 |
| Key Facts | ||||||||||
| Fund Size - (Rs.Crs) | NA | NA | NA | 27 | 89 | 134 | 176 | 650 | 1190 | NA |
| Expense ratio | NA | NA | NA | 2.50 | 2.50 | 2.50 | 2.60 | 2.62 | 2.50 | NA |
Recent Performance
| Last 3 months | Last 4 quarters | ||||||
| Oct-2015 | Nov-2015 | Dec-2015 | Jan-Mar 2015 | Apr-Jun 2015 | Jul-Sep 2015 | Oct-Dec 2015 | |
| Fund Performance | 1.30 | 1.45 | 1.39 | 4.92 | 2.26 | 2.03 | 4.20 |
| Benchmark Performance | 1.96 | 0.08 | 1.12 | 3.32 | 0.06 | -0.19 | 3.17 |
| Sensex Performance | 1.92 | -1.92 | -0.11 | 1.67 | -0.63 | -5.85 | -0.14 |
| Fund rank in category | 25/62 | 29/64 | 18/64 | 23/54 | 5/122 | 11/61 | 23/62 |
| Percentile | 61 | 56 | 73 | 59 | 97 | 84 | 65 |
| Alpha over benchmark | -0.66 | 1.38 | 0.28 | 1.61 | 2.20 | 2.22 | 1.03 |
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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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