Top Ranked Large & Mid Cap Fund To Add To Your Mutual Fund Portfolio In 2022

As the name is suggestive of large and midcap funds tend to offer the best of both worlds i.e. stability and safety through investment in large cap stocks and growth potential through capital mobilization in midcaps. According to the SEBI mandate, there is equal exposure to both the categories i.e. a minimum of 35% each into large caps and mid-caps. The remaining 30% can be allocated across m-caps depending on the market momentum and fund managers' view.

So, if you as an aggressive investor class who is comfortable taking position in even mid-cap stocks that are riskier and have a long investment horizon may consider put your bets on this highly or top rated fund by Mirae Asset Mutual Fund- Mirae Asset Emerging Bluechip Fund.

Basic details :

Launch date-July 2010

AUM as on December 31, 2021- Rs. 21,972 crore (over 20% of investment in category)

Benchmark: Nifty Large Midcap 250 TRI

NAV- Growth plan- Rs. 96.399 as on January 24, 2022

- IDCW scheme- Rs. 44.907 as on January 24, 2022

Investment amount minimum : Rs. 5000

Minimum SIP investment: Rs. 1000

Expense ratio : 1.7% as on December 31, 2021 (Category average-2.15%)

Exit load: 1% for redemption within 1 year

Scheme’s performance:

Trailing returns	1-year	3-year	5-year	10-year
Mirae Asset Emerging Bluechip Fund	30.61	24.71	20.6	24.84
Benchmark	26.38	17.98	16.18	14.91
Category- Large and Midcap funds	29.67	19.33	15	16.39

So as can be seen the large and mid cap fund by Mirae Asset over a period has outperformed both its benchmark and category average returns.

Note: The data is sourced from Value Research as on January 24, 2022

Top sectoral and stock bets

The fund shows bias towards large caps with heavy allocation of around 59%. Sectorally, top bets of the fund's portfolio include sectors like financials, technology, healthcare, auto and energy. Scrip wise top holdings of the fund are ICICI Bank, HDFC Bank, Infosys, Axis Bank and SBI.

Risk return profile :

Among its peers, the fund has a better risk-return profile.

Risk Measures in %	Mean	Std. Deviation	Sharpe
Mirae Asset Emerging Bluechip Fund	25	21.81	0.98
Benchmark	19.27	21.4	0.73
Category- Large and Midcap funds	20.66	22.24	0.77

Note: The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2021

Conclusion:

Based on the returns and other factors taken into consideration by Mutual fund rating agencies, this fund is 5-star ranked by CRISIL, Value Research and Morning Star. Furthermore, the fund continues to run giving emphasis to quality and growth at reasonable prices. So, the fund- Mirae Asset Emerging Bluechip Fund delivering superior performance in both upside and downside market scenario makes for a good bet for a tenure of 3 plus years.

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