Mirae Asset Emerging Bluechip Fund: Is It Time to Boost Your SIP Investment?

Mirae Asset Emerging Bluechip Fund: An important development has been announced by Mirae Asset Mutual Fund: an increase in the Systematic Investment Plan (SIP) limit for its well-liked scheme, the Mirae Asset Emerging Bluechip Fund. The previous limit of ₹2500 for SIPs will be increased to ₹25,000 as of October 10. The Mirae Asset Mutual Fund has notified its investors via a social media post labelled X.

Certainly, this development is significant for a number of investors. The Mirae Asset Fund has been a favourite among investors for quite some time. “At the previous SIP limit of ₹2,500, certain individuals felt constrained.” “They are now able to invest up to ₹25,000 via SIPs, which affords them greater flexibility and the possibility of greater returns,” explained Amit Gupta, managing director of SAG Infotech.

Mirae Asset Emerging Bluechip Fund: Returns on the Mirae Asset Emerging Bluechip Fund (MEBF) Direct Plan

MEBF has generated returns of 20.24% over three years, 20.31% over five years, and 19.41% over one year, according to data from Value Research.

• Annually, -19.53%
• Three  rate of 25.24%
• five years: 20.33%

The performance of the Mirae Asset Emerging Bluechip Fund

Upon evaluating the performance of the fund, it becomes evident that the Mirae Asset Fund has accumulated a noteworthy history. Value Research classifies it as the preeminent performer among large and mid-cap stocks over periods of five, seven, and ten years.

The 10-year annual return data of this scheme is quite remarkable, according to Amit Gupta. This fund has performed exceptionally well. “It has outperformed the majority of competitors in its category in nine of the last ten years and has surpassed its own established benchmarks in eight of those years,” Gupta continued.

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Why were there investment limits in place?

As of November 6, 2020, Mirae Asset Mutual Fund has decided to restrict SIP investments. The scheme, according to Gupta, implemented SIP limits in reaction to its increasing popularity. This action was taken subsequent to a previous resolution made in October 2016, wherein the fund ceased accepting lump sum investments on account of its assets surpassing ₹11,000 crore.

Should SIPs be increased by investors?

Investors who possess a long investment horizon and a high-risk tolerance may find it to be a viable option, according to Gupta.

Gupta added that after recategorization, the scheme is classified as a large and mid-cap fund and is required to allocate 35% of its portfolio to mid-cap equities, which renders it relatively risky.

SIP investments in mutual funds are extraordinarily profitable over time due to the compounding effect.

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