Mirae Asset Emerging Bluechip Fund is an open ended fund with highest exposure in Pharma, consumer non-durables, and auto ancillaries sectors. This fund has been a consistent outperformer and is recommended for investors with conservative approach, reckons Arnav Pandya
Nature: Equity oriented Small & Mid cap
Inception: July 2010
Assets under Management: Rs 104 crore at the end of March 2012
Fund Manager: Gopal Agrawal and Neelesh Surana
Analysis:
This is a mid cap fund that seeks to invest in companies that are not in the top 100 list by market capitalisation. At the end of July 2010, the fund had the highest exposure to Pharma at 14 per cent of the portfolio. The only other sector with an exposure of more than 10 per cent was banks. Media and entertainment had the third highest weightage in the portfolio. In terms of the individual stocks, Lupin was the top holding followed by Rallis India, Andhra Bank, HPCL, and HT Media. The benchmark of the fund was the CNX |
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