This version of the fund efficiency report appears to be like at Mirae Asset Rising Bluechip Fund. In Oct 2016, this fund stopped lump sum investments after its AUM swelled previous 11,000 Crores. Investments have been potential solely through SIPs or STPs as much as Rs. 2500 month-to-month. In early October 2023, the fund home elevated the SIP restrict to Rs. 25,000.
It began out as a mid cap fund however needed to enhance giant cap inventory allocation resulting from an AUM enhance. After the SEB MF categorization guidelines kicked in, it turned a big and mid cap fund. It has all the time been a thriller to me (and presumably others) why this fund has funding restrictions and never different funds in its class.
We use our month-to-month fairness mutual fund efficiency screener to assessment the efficiency of Mirae Asset Rising Bluechip Fund over each potential 3,4, and 5-year interval since Jan 2013 (extra knowledge accessible within the screener sheet).
Disclaimer: Fund efficiency experiences current return and danger evaluation of a fund with consultant benchmarks and never funding suggestions. It have to be expressly understood that the information beneath replicate solely previous efficiency and is by no means a sign of future efficiency. Our funding suggestions are: Handpicked Checklist of Mutual Funds (PlumbLine).
On this report, we will abstain from any purchase/promote suggestions. It’s as much as the reader to resolve. Each the prevailing investor within the evaluated fund and the potential investor (particularly the potential investor) should perceive the previous efficiency disclaimer talked about above and mustn’t count on the fund’s previous efficiency (whether or not good or unhealthy) to repeat in future. As all the time, an index fund is a less complicated, peaceable possibility.
That is the market cap allocation historical past of Mirae Asset Rising Bluechip from July 2017.
Discover the rise in giant cap allocation in early 2018. After we consider previous returns, this have to be stored in thoughts.
We learn the way persistently the Mirae Asset Rising Bluechip Fund has carried out in comparison with the Nifty 200 index and Nify Largemidcap 250 TRI.
1 Rolling return outperformance consistency: the fund returns are in contrast with class benchmark returns over each potential 3Y,4Y, and 5Y interval from 1st Jan 2013. The upper the outperformance consistency, the higher. Suppose 876 fund returns have been in contrast with 876 benchmark returns, and the fund has crushed the benchmark 675 occasions. The consistency rating will likely be 675/876 ~ 0.77 or 77%. A rating of 1 means 100%.
| Benchmark | N200TRI | Nifty Largemidcap 250 TRI |
| No of rolling return entries Index (3 Years) | 1913 | 1925 |
| No of rolling return entries Fund (3 years) | 1913 | 1925 |
| No of occasions the fund has outperformed the index (3 years) | 1912 | 1748 |
| rolling return outperformance Consistency Rating (3 years) | 0.999477 | 0.908052 |
| No of rolling return entries Index (4 Years) | 1674 | 1677 |
| No of rolling return entries Fund (4 years) | 1674 | 1677 |
| No of occasions the fund has outperformed the index (4 years) | 1674 | 1677 |
| rolling return outperformance Consistency Rating (4 years) | 1 | 1 |
| No of rolling return entries Index (5 Years) | 1436 | 1436 |
| No of rolling return entries Fund (5 years) | 1436 | 1436 |
| No of occasions the fund has outperformed the index (5 years) | 1436 | 1436 |
| rolling return outperformance Consistency Rating (5 years) | 1 | 1 |
That’s wonderful efficiency consistency.
2 Upside efficiency consistency over each potential 1Y,2Y,3Y,4Y, 5Y: Increased the higher. A rating of 70% means, 7 out of 10 occasions, the Fund carried out higher than the class benchmark when the benchmark elevated. It is a measure of reward. It’s computed from rolling upside seize knowledge (see hyperlink beneath).
| Benchmark | N200TRI | Nifty Largemidcap 250 TRI |
| upside efficiency consistency (3 years) | 0.915789 | 0.842105 |
| upside efficiency consistency (4 years) | 1 | 0.915663 |
| upside efficiency consistency (5 years) | 1 | 1 |
Most funds that beat the index persistently should not have constant upside. See: Unusual, however true! How mutual funds beat the index! Mirae Asset Rising Bluechip Fund is an exception.
3 Draw back efficiency consistency over each potential 1Y, 2Y, 3Y,4Y, and 5Y. The upper, the higher. A rating of 60% means 6 out of 10 occasions, the Fund carried out higher than the class benchmark when the benchmark was transferring down. It is a measure of danger safety. It’s computed from rolling draw back seize knowledge. Learn extra: An introduction to Draw back and Upside Seize Ratios.
| Benchmark | N200TRI | Nifty Largemidcap 250 TRI |
| draw back safety consistency (3 years) | 0.989474 | 0.873684 |
| draw back safety consistency (4 years) | 1 | 1 |
| draw back safety consistency (5 years) | 1 | 1 |
Mirae Asset Rising Bluechip is a uncommon fund that excels in all three metrics. Nevertheless, nobody can predict when the tide could flip. Present and potential traders should bear in mind this earlier than rising their SIP quantities or beginning new SIPs.
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