In the vast landscape of mutual funds, investors often find themselves at a crossroads when choosing between stalwarts like Mirae Asset Emerging Bluechip Fund and Axis Growth Opportunities Fund. The decision-making process demands a deep dive into their performances, and that’s exactly what we’re here to do. Let’s embark on a journey of comprehensive analysis, diving into annualized returns, lumpsum investment values, SIP returns, and more.
Annualized Returns Analysis (NAV as of October 30, 2023)
Annualized returns serve as a compass for investors, guiding them through the performance metrics of a fund. In the one-year timeframe, Mirae Asset Emerging Bluechip Fund clocked a respectable 15.06%, trailing slightly behind Axis Growth Opportunities Fund at 16.36%. However, a closer look reveals that both funds outshine the category average of 14.81%. Over 2, 3, and 5 years, Mirae Asset Emerging Bluechip Fund consistently maintains a competitive stance, showcasing its potential for long-term growth.
| Period Invested for | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Category Avg |
| 1 Year | 15.06% | 16.36% | 14.81% |
| 2 Year | 5.64% | 5.60% | 8.35% |
| 3 Year | 23.11% | 24.19% | 24.83% |
| 5 Year | 19.03% | 19.86% | 16.86% |
Analysis:
- Both funds display robust performance in the one year, exceeding the category average.
- Mirae Asset Emerging Bluechip Fund consistently outperforms the category average over extended periods.
Lumpsum Investment Value (NAV as of October 30, 2023)
For those keen on lumpsum investments, evaluating the potential value over various durations is paramount. Here, we witness the growth trajectories of both funds, with Axis Growth Opportunities Fund holding a marginal lead over Mirae Asset Emerging Bluechip Fund.
| Period Invested for | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund |
| 1 Year | ₹11,506.4 | ₹11,635.5 |
| 2 Year | ₹11,159.3 | ₹11,150.9 |
| 3 Year | ₹18,659.8 | ₹19,153.8 |
| 5 Year | ₹23,915.7 | ₹24,751.5 |
Analysis:
- Axis Growth Opportunities Fund marginally outperforms Mirae Asset Emerging Bluechip Fund in lumpsum investment values.
- Based on these figures, investors focused on lumpsum investments may find Axis Growth Opportunities Fund more appealing.
SIP Returns (NAV as of October 30, 2023)
Systematic Investment Plans (SIPs) add a layer of discipline to investing. Over one year, Axis Growth Opportunities Fund has taken the lead with 23.02% compared to Mirae Asset Emerging Bluechip Fund’s 19.03%. However, Mirae Asset Emerging Bluechip Fund exhibits higher SIP returns over the extended periods of 2, 3, and 5 years.
| Period Invested for | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund |
| 1 Year | 19.03% | 23.02% |
| 2 Year | 13.06% | 13.53% |
| 3 Year | 13.91% | 14.76% |
| 5 Year | 19.26% | 19.87% |
Analysis:
- Axis Growth Opportunities Fund demonstrates higher SIP returns in the short term. At the same time, Mirae Asset Emerging Bluechip Fund excels in the long run.
- Investors with varying investment horizons can choose a fund that aligns with their needs.
SIP Investment Value (NAV as of October 30, 2023)
Cumulative SIP investment values reveal the potential for wealth creation over time. In this aspect, Mirae Asset Emerging Bluechip Fund outshines Axis Growth Opportunities Fund across all investment durations.
| Period Invested for | Investments | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | SIP Started on |
| 1 Year | ₹12,000 | ₹13,205.48 | ₹13,450.43 | 28-Oct-22 |
| 2 Year | ₹24,000 | ₹27,343.41 | ₹27,467.85 | 29-Oct-21 |
| 3 Year | ₹36,000 | ₹44,288.96 | ₹44,831.19 | 30-Oct-20 |
| 5 Year | ₹60,000 | ₹96,974.06 | ₹98,398.57 | 30-Oct-18 |
Analysis:
- Mirae Asset Emerging Bluechip Fund consistently offers higher SIP investment values, emphasizing its potential for sustained wealth creation through disciplined investing.
- Based on these values, investors favoring SIPs may find Mirae Asset Emerging Bluechip Fund more attractive.
Compare Performance
In a snapshot comparison against the Nifty 50, Mirae Asset Emerging Bluechip Fund and Axis Growth Opportunities Fund exhibit impressive performance. Mirae Asset Emerging Bluechip Fund shows an edge in 1-year and 3-year returns. At the same time, Axis Growth Opportunities Fund takes the lead in 2-year and 5-year returns.
| Category | 1 Y | 2 Y | 3 Y | 5 Y |
| Mirae Asset Emerging Bluechip Fund | 15.06% | 5.64% | 23.11% | 19.03% |
| Axis Growth Opportunities Fund | 17.17% | 5.49% | 23.68% | 19.86% |
| Nifty 50 | 6.52% | 3.86% | 17.64% | 12.74% |
Analysis:
- Both funds significantly outperform the Nifty 50 across all evaluated periods.
- Based on this comparative analysis, investors seeking market-beating returns may find both funds compelling.
Rolling Returns
Rolling returns offer a nuanced view of a fund’s performance, considering various holding durations. Over 1, 3, 5, and 9 years, Mirae Asset Emerging Bluechip Fund consistently demonstrates higher rolling returns than Axis Growth Opportunities Fund.
| Funds | 1 Y | 3 Y | 5 Y | 9 Y |
| Mirae Asset Emerging Bluechip Fund | 26.94% | 22.80% | 20.50% | 23.34% |
| Axis Growth Opportunities Fund | 22.19% | 24.60% | 20.00% | NA |
Analysis:
- Mirae Asset Emerging Bluechip Fund maintains an edge in rolling returns across different investment horizons.
- Investors valuing consistent returns may find Mirae Asset Emerging Bluechip Fund more aligned with their objectives.
Let’s explore the highs and lows, the peaks and valleys, and understand the market dynamics that drive these funds.
BEST QUARTERS: Riding the Crests
When the markets are high, it’s the best time for investors to ride the crests of success.
Q2 – 2020: A Triumphant Surge
In the second quarter of 2020, amidst global uncertainties, Mirae Asset Emerging Bluechip Fund exhibited an impressive growth of 25.98%, outshining Axis Growth Opportunities Fund (20.86%) and even surpassing Nifty 50 (24.82%). This quarter was a testament to Mirae Asset Emerging Bluechip Fund’s resilience and strategic prowess in challenging market conditions.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 |
| Q2 – 2020 | 25.98% | 20.86% | 24.82% |
Analysis:
- Mirae Asset Emerging Bluechip Fund showcased robust performance, securing a substantial lead over its counterpart and the market index.
- The quarter underscored the fund’s ability to capitalize on market opportunities, delivering significant returns to investors.
Q4 – 2020: Closing the Year on a High Note
As the curtains fell in 2020, Mirae Asset Emerging Bluechip Fund continued its stellar performance with a return of 20.89%, surpassing Axis Growth Opportunities Fund (19.60%) and Nifty 50 (22.46%). The resilience displayed in this quarter echoed the fund’s capability to navigate the volatile landscape.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 |
| Q4 – 2020 | 20.89% | 19.60% | 22.46% |
Analysis:
- Mirae Asset Emerging Bluechip Fund’s ability to finish the year on a high note reinforced its position as a strong performer.
- Investors witnessed consistent returns, even in the face of market fluctuations, marking a positive end to a challenging year.
Q1 – 2017 and Q2 – 2023: Unveiling Past Successes and Future Potential
Q1 – 2017 saw Mirae Asset Emerging Bluechip Fund securing a remarkable return of 19.54%, demonstrating its historical strength. On the other hand, Q2 – 2023 showcased Axis Growth Opportunities Fund with a significant return of 20.03%, hinting at its potential for future growth.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 |
| Q1 – 2017 | 19.54% | – | 12.16% |
| Q2 – 2023 | – | 20.03% | 10.29% |
Analysis:
- Q1 – 2017 emphasized Mirae Asset Emerging Bluechip Fund’s historical successes, setting a precedent for consistent performance.
- Q2 – 2023 showcased Axis Growth Opportunities Fund’s potential for future growth, hinting at its ability to seize upcoming opportunities.
WORST QUARTERS: Navigating the Troughs
Amidst peaks, there are troughs. Let’s explore how these funds weathered the storms during their worst quarters.
Q1 – 2018: Facing the Challenges
In the first quarter of 2018, Mirae Asset Emerging Bluechip Fund encountered a challenging period with a return of -9.96%. This quarter posed obstacles, but it’s crucial to note that Mirae Asset Emerging Bluechip Fund displayed resilience even during the worst.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 |
| Q1 – 2018 | -9.96% | – | -2.14% |
Analysis:
- Q1 – 2018 marked a challenging phase, but Mirae Asset Emerging Bluechip Fund weathered the storm and showcased a robust recovery in subsequent periods.
Q1 – 2020: Navigating the Pandemic Tides
In the first quarter of 2020, we witnessed significant market upheaval amidst the global pandemic. Mirae Asset Emerging Bluechip Fund faced a notable drawdown of -26.76%, and Axis Growth Opportunities Fund recorded a return of -20.25%. Both funds, however, fared relatively better than the Nifty 50, which experienced a downturn of -29.43%.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 |
| Q1 – 2020 | -26.76% | -20.25% | -29.43% |
Analysis:
- The first quarter of 2020 presented unprecedented challenges, and both funds showcased resilience in extreme market conditions.
- Despite the downturn, Mirae Asset Emerging Bluechip Fund and Axis Growth Opportunities Fund exhibited a capacity to navigate volatile periods.
Q2 – 2022 and Q1 – 2023: Adapting to Changing Tides
Q2 – 2022 brought a downturn for both funds. Mirae Asset Emerging Bluechip Fund recorded a return of -9.56%, while Axis Growth Opportunities Fund showed a return of -0.1358%. Q1 – 2023 continued with market uncertainties. Mirae Asset Emerging Bluechip Fund faced a drawdown of -3.50%, while Axis Growth Opportunities Fund exhibited a return of -4.60%.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 |
| Q2 – 2022 | -9.56% | -0.1358 | -10.70% |
| Q1 – 2023 | -3.50% | -4.60% | – |
Analysis:
- Q2 – 2022 highlighted the adaptability of both funds in navigating market fluctuations.
- Q1 – 2023 showcased a strategic approach, with Axis Growth Opportunities Fund exhibiting resilience during uncertain times.
Maximum Drawdown: A Measure of Resilience
Every downturn is a test of resilience. Let’s measure the funds’ ability to bounce back from the lows.
3-Year Maximum Drawdown: Weathering Short-Term Storms
In the three years, Mirae Asset Emerging Bluechip Fund faced a maximum drawdown of -11.54%, showcasing its resilience in weathering short-term storms. Axis Growth Opportunities Fund faced a slightly higher drawdown of -16.22%.
| Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Category |
| -11.54% | -16.22% | – |
Analysis:
- Both funds exhibited resilience with manageable drawdowns, indicating an ability to recover from short-term market challenges.
Annualized Returns: A Journey Through Time
Numbers tell stories and narrate the journey of annualized returns in the financial realm.
2023: A Year of Growth
In the current year, Mirae Asset Emerging Bluechip Fund has shown a commendable annualized return of 14.54%. In comparison, Axis Growth Opportunities Fund outshone with an impressive 19.42%. The Nifty 50 and the Category Average stand at 5.68% and 13.62%, respectively.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 | Category Average |
| 2023 | 14.54% | 19.42% | 5.68% | 13.62% |
Analysis:
- Axis Growth Opportunities Fund has demonstrated robust performance, outpacing its counterpart and the market index.
- While showing positive returns, Mirae Asset Emerging Bluechip Fund lags behind Axis Growth Opportunities Fund in the current year.
2022: Navigating Challenges
The year 2022 was full of challenges for both funds. Mirae Asset Emerging Bluechip Fund faced a slight downturn with -0.47%, while Axis Growth Opportunities Fund navigated the tide with a -7.58% return. The Nifty 50 and Category Average recorded 3.24% and 2.40%, respectively.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 | Category Average |
| 2022 | -0.47% | -7.58% | 3.24% | 2.40% |
Analysis:
- Both funds encountered challenges in 2022, with Axis Growth Opportunities Fund facing a relatively steeper decline.
- The negative returns highlight the impact of market conditions on fund performance during this period.
2021: A Stellar Year
In 2021, both funds witnessed substantial growth. Mirae Asset Emerging Bluechip Fund soared with an impressive 38.28%, closely followed by Axis Growth Opportunities Fund at 44.45%. The Nifty 50 and Category Average marked 23.79% and 34.94%, respectively.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 | Category Average |
| 2021 | 38.28% | 44.45% | 23.79% | 34.94% |
Analysis:
- Both funds exhibited stellar growth in 2021, showcasing their ability to capitalize on market opportunities.
- Axis Growth Opportunities Fund led with slightly higher returns, indicating its strategic edge during favourable market conditions.
2020: Navigating the Pandemic
During the pandemic year, they presented unique challenges. Mirae Asset Emerging Bluechip Fund delivered an annualized return of 23.27%, with Axis Growth Opportunities Fund closing at 26.58%. The Nifty 50 and Category Average posted 14.77% and 16.51%, respectively.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 | Category Average |
| 2020 | 23.27% | 26.58% | 14.77% | 16.51% |
Analysis:
- Both funds showcased resilience during challenging times in 2020, with Axis Growth Opportunities Fund leading with higher returns.
- The positive returns amid market uncertainties reflect the funds’ adaptability.
2019: A Year of Steady Growth
In 2019, Mirae Asset Emerging Bluechip Fund and Axis Growth Opportunities Fund posted annualized returns of 15.73% and 18.81%, respectively. The Nifty 50 and Category Average reported 11.53% and 9.00%.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 | Category Average |
| 2019 | 15.73% | 18.81% | 11.53% | 9.00% |
Analysis:
- Both funds displayed steady growth in 2019, outpacing the Nifty 50 and Category Average.
- Axis Growth Opportunities Fund led with higher returns, showcasing its potential for consistent performance.
Outperformance Analysis: Mirae Asset vs Axis Growth
The tale of outperformance unfolds as we explore how each fund fared against the other.
Outperformance Metrics
The comparison of outperformance metrics between Mirae Asset Emerging Bluechip Fund and Axis Growth Opportunities Fund unveils exciting insights. For the specified periods:
| Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | |
| Outperformance | 1 | 4 |
Analysis:
- Axis Growth Opportunities Fund outperformed Mirae Asset Emerging Bluechip Fund in four specified periods.
- The outperformance metric indicates the funds’ relative strengths and weaknesses over time.
QUARTERLY RESULTS (NAV as of October 30, 2023)
Understanding how a fund has fared in different quarters can provide valuable insights into its adaptability to market fluctuations. Let’s explore the performance of Mirae Asset Emerging Bluechip Fund and Axis Growth Opportunities Fund in each quarter.
| Period | Mirae Asset Emerging Bluechip Fund | Axis Growth Opportunities Fund | Nifty 50 |
| Q4 – ’23 | -2.55% | -0.84% | -1.53% |
| Q3 – ’23 | 8.36% | 3.98% | 1.07% |
| Q2 – ’23 | 13.17% | 20.03% | 10.29% |
| Q1 – ’23 | -4.15% | -3.50% | -4.60% |
| Q4 – ’22 | 3.45% | -1.65% | 7.76% |
| Q3 – ’22 | 8.05% | 11.76% | 8.52% |
| Q2 – ’22 | -9.56% | -13.58% | -10.70% |
| Q1 – ’22 | -2.91% | -3.24% | -0.91% |
| Q4 – ’21 | 1.13% | 4.01% | -1.02% |
| Q3 – ’21 | 11.47% | 11.55% | 12.36% |
| Q2 – ’21 | 10.87% | 15.77% | 5.75% |
| Q1 – ’21 | 10.82% | 7.23% | 4.80% |
| Q4 – ’20 | 20.89% | 19.60% | 22.46% |
| Q3 – ’20 | 11.49% | 10.20% | 7.84% |
| Q2 – ’20 | 25.98% | 20.86% | 24.82% |
| Q1 – ’20 | -26.76% | -20.25% | -29.43% |
| Q4 – ’19 | 9.96% | 7.05% | 7.12% |
| Q3 – ’19 | -1.60% | 2.04% | -3.30% |
| Q2 – ’19 | 1.59% | 3.71% | 1.68% |
| Q1 – ’19 | 6.38% | 4.48% | 6.96% |
Outperformance Metrics:
- Mirae Asset Emerging Bluechip Fund: 10
- Axis Growth Opportunities Fund: 10
Analysis:
- Both funds have consistently demonstrated outperformance across all quarters.
- The outperformance metrics suggest a competitive edge, with each fund taking the lead an equal number of times.
