Mirae Asset Emerging Bluechip Fund has impressed every investor that has included the scheme in the portfolio. This outstanding scheme is not only the best in the category but has also earned the respect of being the best mutual fund in India. Comparison of mutual funds cannot be only done on the basis of performance in the past but several other aspects including risk, portfolio, etc should also be considered. Although, Mirae Asset Emerging Bluechip Fund has excelled in every respect of comparison and is currently the most successful scheme in the Indian mutual fund industry. Read to know what separates this scheme from the rest.
Mirae Asset Emerging Bluechip Fund was launched in 2010 by Mirae Asset Mutual Fund to take the combined advantage of best large and mid-cap stocks to deliver consistent high returns to the investors. The fund manager Mr Neelesh Surana invests almost equal proportion in the stocks of large and mid-cap stocks which are ideal for the portfolio. Following are the reasons which make it one of the best mutual funds in India.
- Trailing Returns
Right from the inception, the trailing returns of Mirae Asset Emerging Bluechip Fund have always been highest in the category. The trailing returns of the scheme are best in the category for last 7, 5, 3 and 1 year. Apart from that, the YTD returns are also among the best which means the fund has always delivered best returns on the invested amount and is still providing the highest gains to the investors. The trailing returns of the scheme are consistent and are better than any other mutual fund in India currently.
- Risk vs Reward Ratio
Investors always prefer a mutual fund that generates higher returns and takes a lower risk. This parameter is called risk to reward ratio which is measured by Sharpe and Sortino ratios. Due to higher involvement of mid and small-cap stocks, the risk is high but the risk to reward ratio of the scheme has always been best in the category because of significant gains provided at a consistent rate.
- Performance Under Negative Market
Mirae Asset Emerging Bluechip Fund has a slightly aggressive portfolio but historically, the negative market conditions have been unable to disrupt the consistency of the scheme. The recent market conditions have been bad for the mid-cap industries and a majority of the mid-cap mutual funds have been providing negative returns for a while. However, Mr Neelesh Surana strategically handled the market trends and has provided phenomenal returns without changing the proportion of investments. The tremendous performance in the negative, as well as positive market conditions, is greatly responsible for all-around the excellence of the scheme.
- Portfolio Structure
Currently, 61 stocks are present in the portfolio and every single stock has the potential to grow manifold in the long term. The performance of the scheme depends on stocks selected for the portfolio and Mr Surana has done it professionally by involving stocks from more than 15 different sectors. No allocation is done in fixed income securities and the returns are still consistent which shows the confidence of fund manager on his selection.
- Fund Manager
Mr Surana has been handling the portfolio of Mirae Asset Emerging Bluechip Fund since the inception of the scheme. He is currently ranked among the best fund managers in India and has done a remarkable job in every aspect. He was recently accompanied by Mr Ankit Jain who is also an experienced asset manager who was previously associated with Equirius Securities Pvt Ltd. and Infosys Ltd.
Apart from all the above reasons, the satisfactory faces and reviews of the investors are the most important reason which proves that Mirae Asset Emerging Bluechip Fund is one of the best and most successful mutual funds in India. It has been chosen by a large number of investors and due to tremendous inflow, Mirae Asset Mutual Fund had to put restrictions on lump sum investments. Currently, the investments can only be done through SIP mode. For best results, investments must be done for a tenure of more than 5 years.
Read to know why Mirae Asset Emerging Bluechip Fund is considered as the best mutual funds in India.