Investing is done for the future considering the potential growth prospects and not for the past returns the fund had generated but it is consistency that the fund had shown over the years since its inception and consistency is always misunderstood with past returns which is not the case. 

Consistency is the key parameter for any fund performance. Many Funds may perform well in certain market conditions and outperform the markets but may fail to produce the same in other conditions. Performing consistently with reasonable returns in any given market condition is the sign of a quality fund which may turnout to be a Multibagger for investors. 

One such fund having such quality is Mirae Asset Emerging Bluechip fund with a decade of consistency and outperformance in its category. Let us try to review this fund in detail. 

Mirae Asset Emerging Bluechip Fund

The fund is the top performer in Large and Mid Cap category and generated returns of 23% in the last years, 21.68% in last 5 years, 24.5% in last 3 years and a 64% in the last year and maintained number #1 spot in its category across all different time periods. 

The fund includes in its portfolio stocks like ICICI Bank, Hdfc Bank, Infosys, TCS, Airtel, Mphasis, Axis Bank, Max financial, Reliance etc which are strong contenders in the market in there respective categories. 

The fund has Neelesh Surana one of the best brains in the market as Fund manager who brings with him about 24 years of experience in the industry along with Ankit jain who also have professional experience of more than 7 years. The fund is rated 5 star from popular rating agencies like CRISIL, Value Research and Morning star and maintaining the top position in Large and Mid Cap category is the proof for the expertise of these two men in the industry. 

The fund has total assets under management of ₹18,675 crores and has a wide scope for growth in the future and has an expense ratio of only 0.7%. One can stat SIP in the fund with minimum amount of ₹1,000 and a maximum of ₹2,500.

Disclaimer:

Mutual fund investments are subject to market risks. The above article or discussion is only for information and knowledge sharing purpose. It is always better to consult a financial advisor before taking any financial decisions. The above fund is not a recommendation.