Mirae Asset Great Consumer Fund: This fund, built on a consumption theme, has delivered good returns over 15 years. With a 25% return over five years and a monthly SIP investment of ₹10,000, the corpus could reach ₹6.3 million.
SIP of ₹10,000 and fund of ₹63 lakh
Mirae Asset Great Consumer Fund: India's rapidly growing consumption has emerged as a major investment opportunity. Based on this theme, Mirae Asset Mutual Fund has attracted significant investor attention over the past few years by delivering impressive returns. Launched nearly 15 years ago, Mirae Asset Mutual Fund has leveraged the strengths of the consumption sector to deliver significant returns to investors. The question ultimately arises: what did this fund do to generate such significant returns for investors?
Fund Size and Performance
This fund has an asset under management (AUM) of approximately Rs 4,500 crore and has performed exceptionally well over the past few years.
- Around 25% CAGR return in the last 5 years.
- Around 15.4 percent CAGR return on SIP since inception in 2011.
If an investor had done SIP of Rs 10,000 every month from the beginning, then today his actual amount would have increased to about Rs 62.9 lakh.
Benefit even on a lump sum investment.
It's worth noting that this fund has delivered significant returns not only to SIP investors but also to lump-sum investors. If an investor had initially invested ₹10,000, that amount would have grown to over ₹88,000 today. Consequently, the fund's CARG is approximately 15.76 percent.
Where does he invest?
This fund invests in consumption-related sectors, such as...
- consumer durables
- automobile
- Retail
- Telecom
- FMCG
Its portfolio includes big companies like Mahindra & Mahindra, Maruti Suzuki, Titan Company, and Bharti Airtel.
What is the expert's advice?
According to fund manager Siddharth Chhabria, it's crucial to have a minimum five-year horizon when investing in these thematic funds. He believes that consumer discretionary sectors like jewelry, fashion, and retail can grow rapidly and deliver growth rates of 1.5 to 2 times GDP.
Positive outlook on quick commerce and digital platforms
However, he is cautious about the FMCG sector, as margins are at an all-time high and competition is increasing. Within FMCG, he considers the food category to be a better fit than personal care, and he has a positive outlook on quick commerce and digital platforms, as these sectors are gradually strengthening their profitability.
