Investors will be able to invest more in Emerging Bluechip Fund of Mirae Asset Mutual Fund, approval given to invest Rs 25,000 every month through SIP.

Mutual Fund: Invest through Systematic Investment Plan (SIP) in Mirae Asset Emerging Bluechip Fund, the largest large and mid cap equity fund of Indian Mutual Fund. There is good news for investors thinking of investing. Mirae Asset Emerging Fund has decided to increase the investment limit in this fund from Rs 2500 to Rs 25000 per month on one PAN number. 

Mirae Asset Mutual Fund Earlier, Mirae Asset Emerging Bluechip Fund was accepting investments of only Rs 2500 per month on a PAN number only through Systematic Investment Plan. Investing lump sum amount in this fund was also not allowed. From October 10, 2023, Rs 25,000 can be invested every month through the newly registered Systematic Investment Plan. However, this decision of Mirae Asset Mutual Fund will not affect the existing investments in the scheme.  At the same time, this announcement will not affect the ongoing systematic investment plan. 

Mirae Asset Emerging Bluechip Fund manages total assets of Rs 28,439 crore as of August 31, 2023. Akint Jain and Nilesh Surana manage this fund. Mirae Asset Emerging Bluechip Fund has given 24.41 percent annual return to investors in the last three years. The fund has given 18.87 percent returns in five years. Large and mid cap funds invest 35 percent of the amount in large cap stocks and mid cap stocks.  

Actually, many investors and distributors were demanding from Mirae Asset Mutual Fund to increase the investment limit in Mirae Asset Emerging Bluechip Fund through Systematic Investment Plan, after which the fund house has taken this decision. Obviously, after this decision of Mirae Asset Mutual Fund, now investors will be able to invest more money in this fund through systematic investment plan. 

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