Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth

About Mirae Asset Emerging Bluechip Fund

As the name suggests, Mirae Asset Emerging Bluechip Fund invests predominantly in the bluechip stocks. These are the stocks of companies that are well established and are not affected much by the market fluctuations. As this fund also invests in stocks of emerging companies, the investors get an opportunity to grow with these companies.

Pros and Cons of Mirae Asset Emerging Bluechip Fund

The main advantage of investing in Mirae Asset Emerging Bluechip Fund is that investors are going to get much-needed stability as this fund majorly invests in bluechip or large-cap stocks. On the downside, the returns offered by this fund seldom beat that of the benchmark.

Fund Information and Statistics

i) Inception/Launch Date Mirae Asset Emerging Bluechip Fund was launched on 9 July 2010.

ii) Risk Level As Mirae Asset Emerging Bluechip Fund invests mostly in the stocks of well-established companies, this fund can be considered relatively safer than other equity funds.

iii) Redemption As Mirae Asset Emerging Bluechip Fund is an open-ended mutual fund scheme, investors can place redemption requests anytime.

iv) Fund Manager Mr Neelesh Surana and Mr Ankit Jain are the current fund managers of Mirae Asset Emerging Bluechip Fund.

v) Entry/Exit Load As per the mandate of the Securities and Exchange Board of India (SEBI), no mutual fund comes with entry load. An exit load of 1% is levied if redemption requests are placed within the first year of investment. After that, there is no exit load.

About Mirae Asset Mutual Fund

The sponsor of the Mirae Asset Mutual Fund is Mirae Asset Global Investments Company Limited-Seoul, Korea and the trustee is Mirae Asset Trustee Company Private Limited. The asset under management (AUM) of Mirae Asset Mutual Fund was Rs 41,252 crore as on 31 May 2020. As per the latest information, the fund house has 26 lakh folios.