Investors often face a dilemma when it comes to choosing between stability and growth. Large-cap funds are known for offering stability, as they majorly invest in well-established companies with a history of consistent performance. Meanwhile, mid-cap funds are known for their growth potential, as they focus on mid-sized companies. One solution to this dilemma is to buy large-and-mid-cap funds. They combine the best of both worlds, offering investors a blend of stability and growth in a single fund.

Such funds allow investors to access the stability provided by established market leaders while also tapping into the growth potential offered by dynamic mid-sized companies. This approach provides a diversified portfolio that aims to weather market fluctuations effectively.

As an investor, if you want the stability of a large-cap fund and the returns of a mid-cap fund, then Mirae Asset Emerging Bluechip Fund could be your choice given its consistent track record over various market cycles.

Portfolio

It is the largest fund in the category in terms of assets under management (AUM). The swelling corpus made this fund to change its mandate from being a pure mid-cap to a large-and-mid-cap fund in 2017. Also, the fund does not shy away from closing the window for fresh investments whenever the opportunity rises.  

Performance

In the last 10 years, the fund has delivered 24.31 per cent compounded annual growth rate (CAGR) against the benchmark’s 17.93 per cent and the category average return of 17.61 per cent.

OLM Take

Very few fund managers remain associated with a fund for a very long term. So, it is noteworthy to mention that veteran fund manager Neelesh Surana, who is well-known for his quality picks and spotting emerging opportunities across sectors, has been associated with the fund since its inception. This bodes well for the fund. Being one of the best performing funds in the large-and-mid-cap space, it would be a prudent choice for your long-term goals.

kundan@outlookindia.com