With markets scaling new highs almost every other day, it makes sense to be invested in schemes that are conservative in their approach as far as stock selection is concerned. Also, if these schemes have a reasonably good exposure to large- and mid-sized companies, the likelihood of their outperformance is quite high. One such scheme is Mirae Asset Emerging Bluechip.
One of the distinct features of Mirae Asset Emerging Bluechip is its fund manager Neelesh Surana's ability to pick midcap stories that have consistently proved to be potential largecaps. There are three main parameters Surana takes into account before selecting a stock: quality of earnings, products and presence in the industry in which it operates, management (corporate governance) and valuation. The fund invests 25-30 per cent in top 100 companies by market capitalisation.