‘Equity Will Rule The Next Decade’

Mirae Asset Emerging Bluechip Fund, a part of the equity (others) category in OLM 50, is the largest large-and-mid-cap fund in the Indian mutual fund (MF) industry with assets of Rs 21,932.38 crore. The ‘others’ category created by us includes large- and mid-cap, flexicap and multi-cap funds. Neelesh Surana, chief investment officer, Mirae Asset Investment Managers, shares his investment strategy and market outlook with Kundan Kishore. Edited excerpts: How difficult is it to manage a large-sized fund like Mirae Asset Emerging Bluechip Fund? Earlier, this was a mid-cap fund. But after the Securities and Exchange Board of India (Sebi) reclassified funds in 2017, it became a large- and mid-cap fund. Besides, we soft closed (the fund does not accept lump sums anymore, but has been allowing opening of systematic investment plans or SIPs) five years back and we are maintaining...