As I am having SIP in Mirae Asset Emerging blue chip fund
I have come across following details.
Mirae Emerging Bluechip Fund: Current nature & asset allocation (since Mar 14th 2018)
Mirae Emerging Bluechip Fund is currently positioned as a “Large & Mid Cap Fund – An open-ended equity scheme investing in both large cap and mid cap stocks”. It can invest 35-65% of large cap stocks and 35-65% of mid cap stocks and the rest in bonds. It is currently benchmarked to NIFTY Large Midcap 250 Index. This is a significant change from its previous asset allocation.
Earlier Mirae Emerging Bluechip Fund could invest 65-100% in non-large cap stocks (other than top 100 by market capitalization) and the benchmark was Nifty Free Float Midcap 100 Index.
From October 25th 2016 onwards, lump sum investments into this fund has been suspended. At that time it was “okay” as the market was overheated and the move as thought as protective of existing investors. What is disturbing and baffling is that even after the fund had changed character the suspension has not been lifted!
What is so special in this fund that lump sums should be kept away when other mid cap funds with comparable AUM) allow lump sum investing?
My query is shall I conntinue SIP with Fund or not .SIP is just 1 year old.My investment horizon is 8 to 10 years .