This fund has turned an SIP of Rs 10,000 into Rs 40 lakh in 10 years
If an investor had started a SIP of Rs 10,000 per month 10 years ago in Mirae Asset Emerging Bluechip Fund, then today he/she would have generated Rs 40.52 lakh from this fund.
Mutual funds give investors an opportunity to invest in small installments and accumulate huge wealth. Investors who are afraid to risk a lump sum amount in equity have an option to invest in SIP to make their small savings big. Investing in equities has risk, however, it provides good returns. One such SIP to consider for investing is Mirae Asset Emerging Bluechip Fund.
In comparison to other funds of the large and midcap category, this fund has given 22% more return in a time frame of 10-years. Another fund in the same category- Canara Robeco emerging equities has also given close to 19% returns for a period of 10 years. Both of these are the best performing funds in the large and midcap category with an investment time frame of 10 years.
If an investor had started an SIP of Rs 10,000 per month 10 years ago in Mirae Asset Emerging Bluechip Fund, then today he/she would have generated Rs 40.52 lakh from this fund.
Even with the Covid-induced challenges, this fund gave a return of over 77%. This means a year ago, if a person had done an SIP of Rs 10,000 per month then that amount would have increased to 1.54 lakh whereas a lump sum investment of Rs 1 lakh would have been Rs 1.77 lakh.
SIP with good returns
A lump sum of one lakh rupees invested in Mirae Asset Emerging Bluechip 10 years ago, would have increased to Rs 7.49 lakhs today.
A SIP of Rs 10,000 every month, over a period of 10 years would have crossed Rs 40 lakh.
Which shares does the fund invest in?
Mirae Asset Emerging Bluechip has a 39 % investment in midcap stocks. The fund has more investment in banking and technology stocks in the large-cap category.
About 6.39 % of the fund is invested in ICICI Bank and 6.14 % in HDFC Bank. Axis Bank has 4.72 % investment, while SBI has 3.40 %.
The fund’s portfolio also includes big IT companies such as Infosys and TCS. Infosys has an exposure of 4.96 percent.
Sector-wise, the fund has a 30.14 % allocation in financial stocks, 10.3 % in healthcare, and 9.51 % in technology.
Features
The fund requires an investment of at least Rs 5,000 in the beginning. The SIP of Rs 1,000 can be started to post that. Withdrawal of money within one year of investing in the fund will lead to a charge of 1 % as an exit load.
The fund, which started in July 2010, has given 21.35 % returns since its launch.
Disclaimer: Before making any investment decisions, consult your financial advisor
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