Fund Analysis

Walking in the footsteps of giants

This fund does not have a long track record, but an impressive performance in its limited history, a quality-oriented investment approach, stable fund management and the credibility that comes with the Mirae brand tilt the scales in its favour

This fund does not have a long track record, but an impressive performance in its limited history, a quality-oriented investment approach, stable fund management and the credibility that comes with the Mirae brand tilt the scales in its favour

The fund is still unrated by Value Research but soon will enter our ratings in the coming few weeks as it completes three years of its existence. It has the right constituents to be a good, dependable constituent of a long-term growth portfolio which led us to make an exception for this fund when we included it in our recommendation late last year. The fact that Mirae's flagship equity fund (Mirae Emerging Bluechip) has put restrictions on fresh investments, making it non-viable for many investors, also played a role in our decision. The fund's flexible investment mandate makes it a suitable choice to be a core holding of a long-term portfolio which aims to build wealth in the long run. Portfolio management - framework and style Unlike other equity funds from Mirae, this one runs a focused portfolio, meaning that it will not have more than 30 stocks in its portfolio at any point in time. But the underlying investment philosophy remains the same. Therefore, it inherits the same ethos of investing, i.e., it looks for businesses with large market opportunities, sustainable competitive advantages, and ROI and good corporate governance. It too has a diversified portfolio core and follows a tactical approach with active monitoring along with maintaining enough margin of safety. But how does it stack-up against the flagship Mirae Emerging Bluechip? Well, as per the portfolio of the two funds, the

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