Mirae Asset Emerging Asset Bluechip Fund: Invest in Blue Chip Funds (2024)

FAQs

Is it safe to invest in blue chip funds? ›

Yes, Blue Chip Funds can generally be good investments. They focus on well-established, financially stable companies, offering stability and the potential for consistent returns. However, suitability depends on your financial goals and risk tolerance.

Fresh Registration through the Systematic Route i.e. Systematic Investment Plan (SIP) shall be allowed for a maximum of upto ₹ 25,000/- aggregated at primary holder PAN through monthly or quarterly mode cumulatively aggregated across all available SIP Dates from 1st to 28th of the month.

The fund house stopped accepting lumpsum investments in Mirae Asset Emerging Bluechip Fund from October 2016 after its assets crossed Rs 11,000 crore. The large & mid cap scheme currently manages Rs 28,439 crore.

Kotak Bluechip Fund, a prominent large-cap mutual fund in India, boasts a 15.1% 3-year return and a 17.4% 5-year return. Focused on renowned blue chip companies, it stands out as a preferred choice for investors seeking consistent blue chip mutual fund returns and exposure to market leaders poised for growth.

Low Risk: As industry leaders with reliable cash flows and long histories of paying their debts, blue chip companies are considered to be low risk. They are unlikely to suffer from a sudden credit or liquidity crunch.

It has consistently beaten its benchmark in the past 8 out of 10 calendar years. Only recently, that is, in 2021 and 2022, the fund has underperformed its peers and benchmark. Nevertheless, its long-term track record remains unscathed.

Fund Performance: The Mirae Asset Large & Midcap Fund has given 20.44% annualized returns in the past three years and 20.67% in the last 5 years. The Mirae Asset Large & Midcap Fund comes under the Equity category of Mirae Asset Mutual Funds.

When you invest in Mirae Asset MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income.

Mirae Asset ELSS Tax Saver Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 19.63% & 20.06%. The Mirae Asset ELSS Tax Saver Fund comes under the Equity category of Mirae Asset Mutual Funds.

AMC - Mirae Asset is as safe as any other Fund House or Assets Management Company in India. All AMC are regulated by various authorities like SEBI, RBI and Finance Ministry and like any other financial institution in India, the investments made through these fund houses remain safe.

What is the new name for Mirae Asset Emerging Bluechip Fund? ›

Mirae Asset Emerging Bluechip Fund is the largest scheme in the large & mid cap category based on assets managed. The scheme manages assets of Rs 29,024 crore. According to the scheme information document, the scheme manages 1,534,810 folios. The new name of the schemes will be Mirae Asset Large & Midcap Fund.

Yes definitely. Mirae Asset emerging bluechip fund gives 22.40% all time return and about 25% return in 3 years. This fund shown very good returns in short term as well as long term. Also the expense ratio is low i.e. 0.67%.

During economic slowdowns, investors turn to blue chip stocks to protect their investments.

Blue chip stocks are usually less risky and thus considered safer than other stock-based investment options. That's because one of the major determining factors of a blue chip stock is that it must be a well-capitalized company, meaning it should have the financial fortitude to endure an inevitable economic downturn.

It's generally the market leader or among the top three companies in its sector, and, more often than not, is a household name. For all of these reasons, blue chip stocks can make good investments and are among the most popular stock purchases for investors.

Fidelity Blue Chip Growth: Performance Highlights

The fund's excess returns have also been mostly consistent: Over the 140 monthly rolling three-year periods on Kalra's watch, the fund outperformed the index three fourths of the time and nearly always landed in the category's top third.

Cons of Blue chip stocks

Lower Growth Potential: Despite the fact that blue chip stocks often have solid profitability, their rate of growth is typically slower than that of other equities because of the markets they participate in.

Although blue-chip stocks are generally considered a safe investment, there are still risks involved. The value of the stock can still fluctuate based on market conditions, and there is always the risk of a company experiencing financial difficulties or unexpected events that can negatively impact its stock price.