Preamble
<p>Back in the day when the fund industry was a very small one, Reliance Mutual fund launched perhaps the earliest segment specific scheme - The mid cap oriented Reliance Growth Fund. Starting from the inception value of Rs. 10, the fund NAV stands at an astonishing Rs. 4,168. This of course implies that over the last 30 years the scheme has grown by an incredible 416 times. Let that sink in. 416 times. It seems October is a happening month for the company and big things happen in the month. First the scheme was launched in October and then in October, 2019 the fund house was taken over by Nippon to become a fully owned fund house, Nippon India. </p>
Fund Details
| Fund Details: | 9th August 2010 |
| Fund Type: | Open Ended Equity Mid Cap Fund |
| Bench Mark: | BSE MIDCAP |
Management Details
| Fund Details: | 9th August 2010 |
| Fund Type: | Regular Plan - Growth | 59.60 |
| Bench Mark: | High Value |
AAUM Growth
Research Team Members
- 1.Rupesh Patel
- 2.Kinjal Desai
Fund Philosophy
<p>The primary investment objective of the Scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research-based investment approach. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends. The philosophy is actually enshrined in the scheme's objective.</p>
Investment Style
<p>The fund focuses on identifying potential market leaders at an early stage with a view to create long term alpha. The fund attempts to identify growth stocks that are available available at reasonable valuation, thus adopting a GROWTH AT REASONABLE PRICE (GARP) style of investing.</p>
Performance Parameter
Lumpsum (Amount Invested } Rs. 1,00.000/-)
* % One (AGR) 1 Year and Annual
SIP (Amount Invested } Rs. 1,00.000/-)
| Time Frame | Amount | Percentage % |
|---|
* % One (AGR) 1 Year and Annual
Return (Continious)
| Return | 6 M | 1 Y | 2 Y | 3 Y | 5 Y |
|---|
Return Stack (Continious)
| Return | 6 M | 1 Y | 2 Y | 3 Y | 4 Y | 5 Y |
|---|---|---|---|---|---|---|
| Benchmark | 10/- | 10/- | 10/- | 10/- | 10/- | 10/- |
| Scheme | 10/- | 10/- | 10/- | 10/- | 10/- | 10/- |
| Category AV | 10/- | 10/- | 10/- | 10/- | 10/- | 10/- |
A scheme that has been over a decade in existence. In the initial period, there were enormous challenges that nearly threatened the existence of the scheme and perhaps the fund house too. Currently occupying the Large and midcap category and with a fund manager who has been in charge for all of its life brings a certain comfort to the investors, Mirae Asset Emerging Bluechip fund has occupied pole position in returns, recognition and asset growth since 2018.
Return Less Index
Return Less Index Rank
| Time Frame | Rank | Active funds |
|---|
A scheme that has been over a decade in existence. In the initial period, there were enormous challenges that nearly threatened the existence of the scheme and perhaps the fund house too. Currently occupying the Large and midcap category and with a fund manager who has been in charge for all of its life brings a certain comfort to the investors, Mirae Asset Emerging Bluechip fund has occupied pole position in returns, recognition and asset growth since 2018.
A scheme that has been over a decade in existence. In the initial period, there were enormous challenges that nearly threatened the existence of the scheme and perhaps the fund house too. Currently occupying the Large and midcap category and with a fund manager who has been in charge for all of its life brings a certain comfort to the investors, Mirae Asset Emerging Bluechip fund has occupied pole position in returns, recognition and asset growth since 2018.
Performance Parameter
Risk Adjusted Alpha (Jensen’s) and The Risk Ratios
| Ratios | Jensen’s Alpha | Beta | Votality |
|---|
A scheme that has been over a decade in existence. In the initial period, there were enormous challenges that nearly threatened the existence of the scheme and perhaps the fund house too. Currently occupying the Large and midcap category and with a fund manager who has been in charge for all of its life brings a certain comfort to the investors, Mirae Asset Emerging Bluechip fund has occupied pole position in returns, recognition and asset growth since 2018.
Fund Composition Analysis
<p><span style="font-size: 14px;">HIGHLIGHTS THE TOP HOLDINGS AND PORTFOLIO STRUCTURE.</span></p><p><span style="font-size: 14px;"><br></span></p><p>The core of the portfolio has remained consistently resolute, apart from BSE which was added later. The top scrips show a variety of holdings not adhering to any particular set theme but marks a very individualistic approach to portfolio construction. 6 of the top holdings show a positive trend in the assets mix, implying the fund manager's conviction.<span style="font-size: 14px;"></span></p>
<p><span style="font-size: 14px;">HIGHLIGHTS THE TOP HOLDINGS AND PORTFOLIO STRUCTURE.</span></p><p><span style="font-size: 14px;"><br></span></p><p>The core of the portfolio has remained consistently resolute, apart from BSE which was added later. The top scrips show a variety of holdings not adhering to any particular set theme but marks a very individualistic approach to portfolio construction. 6 of the top holdings show a positive trend in the assets mix, implying the fund manager's conviction.<span style="font-size: 14px;"></span></p>
Portfolio Breakup
| Equity | Debt | SOV | Cash | Other Cuurency |
|---|
Myplexus.com Feedback
<p>A multi decadal fund with a track record to show. Add excellent risk management practices and a portfolio that is not lumpy at all. And more than that, the scheme seems to be picking up steam in recent times. Definite buy. And hold.</p>
Disclaimer: The entire report is based on independent utilization of statistical tools for evaluating performance in mutual funds. myplexus.com and its personnel have taken every precaution to ensure the authenticity of data. Every precaution has been taken to ensure the statistical outputs are correct. However, myplexus.com or any of its personnel cannot be held responsible for outcome of actions taken on the basis of its report on this fund or any other
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