Mutual Funds SIP: Should you increase your investment amount in Mirae Asset Emerging Bluechip Fund?
₹25,000, which was earlier ₹2500. Mirae Asset Mutual Fund has informed the investors about the news through a notice. For many investors, this development is indeed a big deal.
The Mirae Asset Emerging Bluechip Fund has long been the darling of investors. “The previous SIP limit of ₹2,500 had left some feeling constrained. Now, they have the opportunity to invest up to ₹25,000 through SIPs, providing them with more flexibility and potential for higher returns," said Amit Gupta, Managing Director at SAG Infotech.
MEBF has given 19.41% returns in one year, 25.24% in three years, and 20.33% in five years as per data available on Value Research. One year -19.53% Three years-25.24% Five years- 20.33% When assessing the fund's performance, it's clear that Mirae Asset Emerging Bluechip Fund boasts an impressive track record. According to Value Research, it ranks as the top performer in the large & mid-cap category over five, seven, and ten-year periods.
According to Amit Gupta, the 10-year annual returns data of this scheme is quite impressive. This fund has done really well. “It has beaten its own set standards in eight of the last ten years and has done better than most others in its category in nine out of those ten years," added Gupta.
Mirae Asset Mutual Fund decided to limit SIP investments on November 6, 2020. As per Gupta, the scheme imposed SIP limits as a response to its growing popularity. This step followed an earlier decision in October 2016 when the fund stopped accepting lump sum investments due to its assets crossing the ₹11,000 crore mark.
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