Mirae Asset Emerging Bluechip Fund, flagship large & mid cap scheme of Mirae Asset Investment Managers India, has completed 10 years on July 9. The scheme manages assets worth Rs 9,828.48 crore as on 30 June 2020.
The scheme has given a CAGR of 17.87%. The NAV of the regular plan (growth option) grew to Rs. 51.63 from Rs 10. During the same period, the benchmark (Nifty Large MidCap 250 Index) delivered 8.98% CAGR and additional benchmark (S&P BSE Sensex TRI) returns were 8.44% CAGR, said a release from the fund house.
Rs 10,000 invested in the fund at the time of its NFO would have now grown to Rs 51,629.
“The performance of the fund is a testament to Mirae’s investment philosophy of participating in quality, growth-oriented businesses, team-based approach to investing that seeks to execute the best ideas,” said Swarup Mohanty, CEO, Mirae Asset Investment Managers India.
Mirae Asset Emerging Bluechip Fund do not accept onetime or lumpsum investments. However, investors can invest through Systematic Investment Plan (SIP) route for a minimum SIP amount of Rs 1,000 and maximum of up to Rs 25,000.