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Mirae Asset Mutual Fund is helping the investors in achieving the prosperous future efficiently. Since the establishment of this fund house in India, it has been made successful steps toward the growth of capital. It has a broad range of schemes which are performing excellently well in the market, and the experienced fund managers who do not skip any chance to reap the benefits from the various market swings. One of its best plans is Mirae Asset Emerging Bluechip Fund (Growth). It has traveled through a fantastic trend showcasing its high-yielding potential since its launch in the year 2010. The one thing can be found unique in the formation of this fund is that despite being a mid-cap category it holds the label of ‘bluechip’ in its name. In the entire mid-cap space, this fund is emerging tremendously toward the sky-high growth. Behind the immense success of this fund, the real-time monitoring of the fund managers is appreciable. Mr. Neelesh Surana has been managing this scheme since its launch. The vast experience of Surana led this fund to become one of the top-performing funds. He is the lead manager and also heads the equity function. He sticks to his convictions even when the trends are not in favor. Let’s take a glance on how the fund has traveled through the various phases since its launch:
Mirae Asset Emerging Bluechip Fund: Historical Performance
It takes time in proving the best capacity. Thus, the equity funds are known for the long-term investment tenure. This mid-cap equity scheme of Mirae Asset Emerging Bluechip Fund has also demonstrated its high-growth capability by providing significant returns to the investors. However, in the beginning, it traveled through a steady pace and showcased a flat run. Its NAV was tracked within the range of Rs. 9.36 to Rs. 14.21 till the second quarter of 2013-2014. But, it took the upward root to move ahead, and by the succeeding year, it jumped to double its value, i.e., from Rs. 12.40 as on September 30, 2013, to Rs. 24.87 as on September 30, 2014. The fund manager added more efforts to lead the scheme toward further growth, and he succeeded. The fund showcased excellent highs in the succeeding years and resulted in reaching the value of Rs. 47.11 as on September 26, 2017.
No doubt, this fund remained a stagnant performer during its initial years. But, it took an excellent turn in the further path and managed to multiply the capital value into the manifold for the investors.
The Bottom Line : The investment of Rs. 1,00,000 in this scheme at the time of its launch would have grown more than Rs. 4,70,000 till now. It means a growth near to five-time of the investment value. Moreover, this scheme has potential to showcase skyrocketing performance in the future too as it invests in the selected stocks of the potential companies. If you too want to multiply your wealth by investing in this scheme, you can visit various online mutual fund investment platforms like MySIPonline for making a simplified start.