This edition of the fund performance report looks at Mirae Asset Emerging Bluechip Fund. In Oct 2016, this fund stopped lump sum investments after its AUM swelled past 11,000 Crores. Investments were possible only via SIPs or STPs up to Rs. 2500 monthly. In early October 2023, the fund house increased the SIP limit to Rs. 25,000.
It started out as a mid cap fund but had to increase large cap stock allocation due to an AUM increase. After the SEB MF categorization rules kicked in, it became a large and mid cap fund. It has always been a mystery to me (and possibly others) why this fund has investment restrictions and not other funds in its category.
We use our monthly equity mutual fund performance screener to review the performance of Mirae Asset Emerging Bluechip Fund over every possible 3,4, and 5-year period since Jan 2013 (more data available in the screener sheet).
Disclaimer: Fund performance reports present return and risk analysis of a fund with representative benchmarks and not investment recommendations. It must be expressly understood that the data below reflect only past performance and is in no way an indication of future performance. Our investment recommendations are: Handpicked List of Mutual Funds (PlumbLine).
In this report, we shall abstain from any buy/sell recommendations. It is up to the reader to decide. Both the existing investor in the evaluated fund and the prospective investor (especially the prospective investor) must understand the past performance disclaimer mentioned above and should not expect the fund’s past performance (whether good or bad) to repeat in future. As always, an index fund is a simpler, peaceful option.
Join 32,000+ readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email! (Link takes you to our email sign-up form)
🔥Enjoy massive discounts on our robo-advisory tool & courses! 🔥
This is the market cap allocation history of Mirae Asset Emerging Bluechip from July 2017.
Notice the increase in large cap allocation in early 2018. When we evaluate past returns, this must be kept in mind.
We find out how consistently the Mirae Asset Emerging Bluechip Fund has performed compared to the Nifty 200 index and Nify Largemidcap 250 TRI.
1 Rolling return outperformance consistency: the fund returns are compared with category benchmark returns over every possible 3Y,4Y, and 5Y period from 1st Jan 2013. The higher the outperformance consistency, the better. Suppose 876 fund returns were compared with 876 benchmark returns, and the fund has beaten the benchmark 675 times. The consistency score will be 675/876 ~ 0.77 or 77%. A score of 1 means 100%.
| Benchmark | N200TRI | Nifty Largemidcap 250 TRI |
| No of rolling return entries Index (3 Years) | 1913 | 1925 |
| No of rolling return entries Fund (3 years) | 1913 | 1925 |
| No of times the fund has outperformed the index (3 years) | 1912 | 1748 |
| rolling return outperformance Consistency Score (3 years) | 0.999477 | 0.908052 |
| No of rolling return entries Index (4 Years) | 1674 | 1677 |
| No of rolling return entries Fund (4 years) | 1674 | 1677 |
| No of times the fund has outperformed the index (4 years) | 1674 | 1677 |
| rolling return outperformance Consistency Score (4 years) | 1 | 1 |
| No of rolling return entries Index (5 Years) | 1436 | 1436 |
| No of rolling return entries Fund (5 years) | 1436 | 1436 |
| No of times the fund has outperformed the index (5 years) | 1436 | 1436 |
| rolling return outperformance Consistency Score (5 years) | 1 | 1 |
That is excellent performance consistency.
2 Upside performance consistency over every possible 1Y,2Y,3Y,4Y, 5Y: Higher the better. A score of 70% means, 7 out of 10 times, the Fund performed better than the category benchmark when the benchmark increased. This is a measure of reward. It is computed from rolling upside capture data (see link below).
| Benchmark | N200TRI | Nifty Largemidcap 250 TRI |
| upside performance consistency (3 years) | 0.915789 | 0.842105 |
| upside performance consistency (4 years) | 1 | 0.915663 |
| upside performance consistency (5 years) | 1 | 1 |
Most funds that beat the index consistently do not have consistent upside. See: Strange, but true! How mutual funds beat the index! Mirae Asset Emerging Bluechip Fund is an exception.
3 Downside performance consistency over every possible 1Y, 2Y, 3Y,4Y, and 5Y. The higher, the better. A score of 60% means 6 out of 10 times, the Fund performed better than the category benchmark when the benchmark was moving down. This is a measure of risk protection. It is computed from rolling downside capture data. Read more: An introduction to Downside and Upside Capture Ratios.
| Benchmark | N200TRI | Nifty Largemidcap 250 TRI |
| downside protection consistency (3 years) | 0.989474 | 0.873684 |
| downside protection consistency (4 years) | 1 | 1 |
| downside protection consistency (5 years) | 1 | 1 |
Mirae Asset Emerging Bluechip is a rare fund that excels in all three metrics. However, no one can predict when the tide may turn. Existing and prospective investors must remember this before increasing their SIP amounts or starting new SIPs.
🔥Enjoy massive discounts on our courses, robo-advisory tool and exclusive investor circle! 🔥& join our community of 7000+ users!
Use our Robo-advisory Tool for a start-to-finish financial plan! ⇐ More than 2,500 investors and advisors use this!
Track your mutual funds and stock investments with this Google Sheet!
We also publish monthly equity mutual funds, debt and hybrid mutual funds, index funds and ETF screeners and momentum, low-volatility stock screeners.
- Do you have a comment about the above article? Reach out to us on Twitter: @freefincal or @pattufreefincal
- Have a question? Subscribe to our newsletter using the form below.
- Hit 'reply' to any email from us! We do not offer personalized investment advice. We can write a detailed article without mentioning your name if you have a generic question.
Join 32,000+ readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email! (Link takes you to our email sign-up form)
About The Author
Dr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over ten years of experience publishing news analysis, research and financial product development. Connect with him via Twitter(X), Linkedin, or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation promoting unbiased, commission-free investment advice.Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! ⇐ More than 3,000 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter the market condition is!! Watch the first lecture for free! One-time payment! No recurring fees! Life-long access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
Our new course! Increase your income by getting people to pay for your skills! ⇐ More than 700 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos!
Our new book for kids: “Chinchu Gets a Superpower!” is now available!
Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new ebook is for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
Do you want to check if the market is overvalued or undervalued? Use our market valuation tool (it will work with any index!), or get the Tactical Buy/Sell timing tool!
We publish monthly mutual fund screeners and momentum, low-volatility stock screeners.
About freefincal & its content policy. Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified with credible and knowledgeable sources before publication. Freefincal does not publish paid articles, promotions, PR, satire or opinions without data. All opinions will be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
Connect with us on social media
- Twitter @freefincal
- Subscribe to our YouTube Videos
- Posts feed via Feedburner.
Our publications
You Can Be Rich Too with Goal-Based Investing
Published by CNBC TV18, this book is meant to help you ask the right questions and seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now.Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want
This book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.Your Ultimate Guide to Travel
This is an in-depth dive into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, and how travelling slowly is better financially and psychologically, with links to the web pages and hand-holding at every step. Get the pdf for Rs 300 (instant download)