You can switch off notifications anytime using browser settings.Stock Analysis, IPO, Mutual Funds, Bonds & MoreThe schemes fund managers, Neelesh Surana and Harshad Borawake, have avoided any call which is momentum or short-term in nature.In the current market, where select large-sized and mid-sized companies are doing well, a multi-cap scheme which invests after careful consideration of financial performance, management bandwidth, corporate governance and return ratios should serve as a goodinvestmentoption. One such scheme is Mirae Asset India Equity scheme.
The scheme is one of the most distinguished performers in almost time frames with respect to its benchmark index and its peers. One of the key reasons for this is the stock-selection process of the fund house. The schemes fund managers,Neelesh Suranaand Harshad Borawake, have avoided any call which is momentum or short-term in nature. The fund managers have been keenly following the schemes and the fund houses philosophy of investing in companies which generate high cash flows, have pricing power in their sectors and a relatively lighter balance sheet.
In the past three- and five-year periods, the scheme has given 13.9% and 21.9% returns, while its benchmark, S&P BSE200 TRI, has given 12.8% and 16.7% returns during the same periods.
In the past six months, the schemes fund managers have constructed a portfolio which includes well-placed themes across sectors. Right from insurance,mutual funds, pharmaceuticals, consumer durables to retail, auto and media. This provides diversity to the schemes portfolio as these companies have a dominant market share, proven performance record and high visibility of stable earnings due to revenue-enhancing triggers. A few prominent companies in the schemes portfolio include Maruti Suzuki, HDFC Asset Management Company, HDFC Standard Life Insurance, and Aditya Birla Fashion and Retail.
Kaustubh Belapurkar,director-fund research, Morningstar India
The scheme is a multi-cap fund with a bias for large-cap stocks which fall under growth theme. These stocks are bought at reasonable prices. The portfolio is well diversified with no sector, stock, theme or style being disproportionate. Neelesh Surana believes that alpha is generated through the right stock selection, not by sector rotation. He lays emphasis on margin of safety in his stock picks and remains fully invested at all times.
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Low Duration0.622.144.378.497.89Invest NowDSP Savings Direct Plan-Growth
Money Market0.622.214.171.1246.96Start SIPDSP Strategic Bond Direct Plan-Growth
Dynamic Bond-0.801.054.328.366.60Start SIPDSP 10Y G-Sec Fund Direct-Growth
Gilt with 10 year Constant Duration0.782.215.5810.007.10Start SIPDSP Bond Direct-Growth
Medium Duration0.392.183.556.097.39Start SIPDSP Short Term Direct Plan-Growth
Short Duration0.592.084.738.777.54Start SIPDSP Ultra Short Fund Direct Plan-Growth
Ultra Short Duration0.622.003.096.396.97Start SIPDSP Equity Savings Fund Direct-Growth
Equity Savings-1.095.144.262.478.57Start SIPDSP Dynamic Asset Allocation Fund Direct-Growth
Dynamic Asset Allocation0.402.994.507.399.24Start SIPDSP Regular Savings Direct Plan-Growth
Conservative Hybrid-0.644.252.33-0.796.61Start SIPDSP Equity & Bond Direct-Growth
Aggressive Hybrid-2.707.206.361.8011.77Start SIP
– Returns less then 1 year are absolute and above 1 year are annualised.
– Returns of 1 year are absolute and above 1 year are annualised..
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