Mirae Asset Emerging Bluechip Fund
A new NFO that opened for public is the Mirae Asset Emerging Bluechip Fund. It is an open-ended mid-cap fund which focuses on companies which has the potential to become the bluechip company (i.e., the top level companies) which can make it big in the near future. The NFO is open till June 22, 2010 until it re-opens for continuous sale from July 21, 2010 for purchase and repurchase of units.
Investment Objective: To generate income from capital appreciation from a portfolio consisting mainly of mid-cap companies which is not part of the top 100 stocks but has at least 100 crores in market capitalization when investing.
Asset Allocation: Equities of Indian companies which are not part of top 100 stock capitalization of around 65 to 100%
Investment Options: Growth, dividend (payout and reinvestment option).
Benchmark: CNX MIDCAP Index
Minimum Investment: Rs. 5000 and above and in multiples of Re. 1 thereafter. Additional investments can be made in multiples of Rs. 1000 in the same folio. Systematic investment plan option is available.
NFO Price: Rs. 10 and then at the existing price when it re-opens for public in July 21, 2010.
Load Structure: No entry load during NFO or any time after re-opening of the fund. But exit load of 1% applicable if exited within 1 year of investment.
Mirae Asset has a track record of managing better funds like India Opportunities Fund and hence can be banked upon long term if you are planning for the same. And since Mirae Asset Emerging Bluechip Mutual Fund being a mid-cap fund comes with a higher risk than those of large cap or top 100 funds it is left to investor on making the investment. If you can digest high risk portfolio via such mid cap funds, you can go for it but try to invest when it re-opens when sometimes they may open even below the load price of Rs. 10 (but only sometimes). Overall, this Mirae Asset Emerging Bluechip fund looks like a potential fund but only for those looking for long term investment options.
Related Posts:
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.
Comments
No comments yet.
Leave a comment