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Mirae Asset Emerging Bluechip Fund Direct-Growth Mirae Asset Emerging Bluechip Fund Direct-Growth Mirae Asset Emerging Bluechip Fund Direct-Growth Mirae Asset Emerging Bluechip Fund Direct-Growth - Get latest updates on NAV, Dividends, Returns, Performance, Risks & Portfolio. Invest now! Paisabazaar INR 5000 1 rating rating rating rating rating Mirae Asset Emerging Bluechip Fund Direct-Growth 5 5

Equity Large & MidCap

PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth

1 Yr return

3.27%

3 Yrs CAGR returns

6.16%

5 Yrs CAGR returns

13.17%

NAV as on 09 Jul

₹ 57.84 by 0.26 ( 0.45%)

Expense ratio

0.86

Exit load

1%

Fund Size (Cr)

₹ 7616.5


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Performance Graph*
Returns Calculator
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If ₹5000 invested for 1

Estimated returns*

₹ 0

with % annual returns

Direct Funds
Estimated amount
₹ 10,27,000
Regular Funds
Estimated amount
₹ 9,91,000

* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More

The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.

investment objective

To generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of large cap and midcap companies at the time of investment.

Tax Implications

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

riskometer
Top Holdings
Top 10 Sectors %
Financial 28.1
Energy 11.55
FMCG 10.05
Health Care 9.63
Technology 8.6
Automobile 7.05
Chemicals 5.24
Engineering 5.16
Construction 4.21
Others 2.3
Top 10 Sectors %
Banking 6.68
Crude Oil & Natural Gas 5.53
Banking 4.13
Banking 3.75
Computer Software 3.51
Infrastructure 3.01
Misc. Fin.services 2.88
Banking 2.79
Computer Software 2.64
Computer Software 2.45
Fund house details
Fund House Mirae Mutual Fund
Fund Manager Ankit Jain
Fund Setup Date 01 Jan 2013
Address Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East),
Contact 022- 67800301 / 1800 2090 777
Email ID customercare@miraeassetmf.co.in
More About This Fund

About Mirae Asset Emerging Bluechip Fund

Mirae Asset Emerging Bluechip Fund is an open-ended large cap and mid cap fund. It claims to invest in large cap stocks that have proven records of performance and quality as well as mid cap equities with potential to emerge with the growing market to be tomorrow’s bluechip company.

Almost 99% of assets is allocated to Equities with more than 50% in large cap and approximately 35% in mid-cap shares. Its investment portfolio includes funds invested in sectors of Banks, Finance, Pharmaceuticals, Consumer Non-Durables and Software among many.

It has enjoyed a stellar performance over it’s peers and has also performed consistently over the benchmark. It boasts of being a high rating mutual fund scheme along with its ballooned corpus over the years. It is an aggressive fund scheme as it majorly invests in equities and invests in some of the best stocks that are a worthy pick. It’s most prominent holdings from different sectors include – HDFC, SBI, Larsen & Toubro, Page Industries, TCS, etc.

Who Should Invest?

  • An investor looking for investment in blue chip companies with minimum investment horizon of 3-5years. However, it is suggested to o for longer tenure. A blue chip or a large cap company not only offers high returns in a bull market but also stability in a bear market
  • An investor who would like to grab the opportunity to invest in an emerging company as an emerging mid cap company will offer high returns when the share prices rise and come to its real value as the market trends go upward

Risks

Equity Funds have associated market risks and although large cap stocks limit the risk profile, yet it cannot remain completely untouched if markets go down. Also, the quality mid cap stocks on which the funds are betted on, are volatile and may underperform when markets are down. Thus, investors who can bear moderate risks may invest in this scheme. They should also not expect high returns in the short term.

Also Read: What are Large Cap Funds?

Will You Pay Tax?

If you withdraw or redeem the units before one year of investment, Short Term Capital Gains Tax of 15% is levied. Whereas, Long Term Capital Gains Tax above ₹1 lakh will be taxed at 10% after completion of 1 year of investment.

Let’s say, an individual has ₹2 lakh disposable taxable income in a given financial year, and s/he decides to invest the amount in ELSS. ₹1.5 lakh out of this amount would be exempted from any taxation.₹50,000 would be taxed as per the income tax slab of the investor.

It should be noted that the investment in ELSS remains locked-in for 3 years.

The returns from ELSS are taxed like that from any other equity mutual fund scheme. However, since the units can’t be redeemed before 3 years of investment, only Long Term Capital Gains Tax of 10% above ₹1 lakh will be levied.

Suppose an investor has made a capital gain of ₹1.5 lakh on investment in this scheme, and withdraws the amount after 1 year of investment, Long Term Capital Gains Tax of 10% would be levied on ₹50000. ₹1Lakh is exempted from taxation. The payable tax would be ₹5000.

How to Invest in Mirae Asset Emerging Bluechip Fund?

  • Sign Up/Sign In to Paisabazaar.com and go to ‘Direct Mutual Funds’
  • Click on the section of ‘Large Cap Funds’
  • Type and search directly by the name of Mirae Asset Emerging Bluechip Fund. Once it opens up, look at the details. You can also compare similar funds as well as use Returns Calculator
  • Click on ‘Invest Now’, select either Lump sum or SIP

Why Should You Choose Paisabazaar?

  • Trusted website, no commission charges and no paperwork
  • You can compare more than 1,700 Funds at one platform instead of visiting the website of each AMC and then searching for numerous funds
  • Easy to browse as Funds are segregated under Equity, Debt, Large Cap, ELSS, etc. You can further add filters of ratings, returns, fund houses
  • Important scheme details such as latest Net Asset Value (NAV), expense ratio, assets under management, etc are also available on the portal, making it easier for consumers to pick a suitable fund

FAQs

Q. What is a blue chip company?
A. A renowned large capitalization with good reputation in the market is a blue chip company.

Q. Why is it called a Blue Chip Fund?
A.
The term ‘Blue Chip’ comes from the game of Poker in which blue chips hold the highest value.

Q. Is it beneficial to invest via open-ended (lumpsum) or SIP?
A.
SIP (Systematic Investment Plan) is considered efficient and convenient mode of investment that is beneficial in the long term investment. It also reduces financial burden as one needs to invest periodically and provides the benefit of rupee averaging cost.

Q. What is the entry load for this fund?
A.
There is no applicable entry load on the aforementioned fund.

Q. What is the exit load for this scheme?
A.
If an investor redeems the purchased units within 1 year of allotment of units, an exit load of 1% is payable by the investor. However, no exit load is levied for redemption of units after 1 year of purchase

Q. Is there any lock-in period for investment in this scheme?
A.
No. Investors can redeem their investment as per their wish and needs.

Q. What is the fund manager’s style of investment?
A.
Mr. Neelesh Surana has managed the fund scheme since its inception while Mr. Ankit Jain joined in as the Co-Fund Manager in January 2019. Their investment approach is a bottom up approach which is driven by value investing and aims at participating in high quality business upto a reasonable price and holding the same over an extended period of time for growth oriented business.