
Mirae Asset Emerging Bluechip Fund looks to hold high-quality businesses for an extended period, but only at a reasonable price (i.e., it follows growth at a reasonable price strategy or GARP). By mandate, it must invest at least 35 per cent of its assets each in large- and mid-caps. The fund has beaten an average peer and its benchmark in eight out of the last 10 years, translating into stunning outperformance over the long-term. After a blip in 2022, the fund has made a comeback this year. Reasons for recovery Many of its Auto holdings and other stocks such as ITC, Power Finance Corporation, Aurobindo Pharma and Lupin have been the notable contributors in the recovery. New age stocks like Zomato and PB Fintech have also uplifted its returns. At the same time, Financial and Technology sectors have been quite painful in this period. N
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