Mirae Asset Healthcare Fund Direct-IDCW
(Scheme Rating)
NAV as of Jul 16, 2024
26.98-0.05%
(Earn upto 1.49% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Pharma
Expense Ratio:
0.48%(0.77% Category
average)Fund Size:
Rs. 2,312.48 Cr(9.70% of Investment in Category)
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Mirae Asset Healthcare Fund Direct-IDCW
(Scheme Rating)
NAV as of Jul 16, 2024
26.98-0.05%
Expense Ratio:
0.48%
Fund Size:
Rs. 2,312.48 Cr
Fund Category:
Equity: Sectoral-Pharma
1. Current NAV: The Current Net Asset Value of the Mirae Asset Healthcare Fund - Direct Plan as of Jul 16, 2024 is Rs 26.98 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 45.61% (1yr), 16.2% (3yr), 29.77% (5yr) and 24.53% (since launch). Whereas, Category returns for the same time duration are: 44.15% (1yr), 14.45% (3yr) and 25.95% (5yr).
3. Fund Size: The Mirae Asset Healthcare Fund - Direct Plan currently holds Assets under Management worth of Rs 2312.48 crore as on Jun 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.48% for Direct plan as on Jul 07, 2024.
5. Exit Load: Mirae Asset Healthcare Fund - Direct Plan shall attract an Exit Load, "Exit load of 1% if redeemed within 1 year."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Mirae Asset Healthcare Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 5.18 12.57 19.59 46.74 15.93 29.61 Category Avg 4.26 10.71 18.52 45.25 14.27 25.86 Rank within Category 4 2 7 7 5 2 No. of funds within Category 23 22 20 17 13 9 - Loading...
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Return Comparison
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Mirae Asset Healthcare Fund Direct-IDCW Fund Details
Investment Objective - The scheme seeks to generate long term capital appreciation through investing in equity and equity related securities of companies benefitting directly or indirectly in Healthcare and allied sectors in India.
Fund House | Mirae Asset Mutual Fund |
Launch Date | Jul 02, 2018 |
Benchmark | |
Return Since Launch | 24.71% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Above Average |
Return Grade | Average |
Mirae Asset Healthcare Fund Direct-IDCW Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit load of 1% if redeemed within 1 year. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | JAN 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 28 | 29 | 30 | 32 | 29 | 29 |
Top 5 Company Holdings | 45.28% | 46.22% | 46.0% | 46.3% | 47.98% | 48.2% |
Top 10 Company Holdings | 66.31% | 66.96% | 66.44% | 67.27% | 69.7% | 70.64% |
Company with Highest Exposure | Sun Pharmaceutical Industries (12.9%) | Sun Pharmaceutical Industries (13.6%) | Sun Pharmaceutical Industries (13.83%) | Sun Pharmaceutical Industries (14.92%) | Sun Pharmaceutical Industries (16.24%) | Sun Pharmaceutical Industries (16.03%) |
Number of Sectors | 2 | 3 | 3 | 3 | 3 | 3 |
Top 3 Sector Holdings | 98.83% | 99.56% | 99.55% | 99.57% | 99.23% | 99.46% |
Top 5 Sector Holdings | 98.83% | 99.56% | 99.55% | 99.57% | 99.23% | 99.46% |
Sector with Highest Exposure | Healthcare (97.58%) | Healthcare (97.48%) | Healthcare (96.97%) | Healthcare (96.44%) | Healthcare (95.88%) | Healthcare (96.01%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Sun Pharmaceutical Industries Healthcare 12.9 39.64 39.91 53.14 Cipla Healthcare 9.49 29.32 51.05 54.48 Aurobindo Pharma Healthcare 9.34 24.64 54.15 89.00 Dr. Reddy's Laboratories Healthcare 7.44 19.79 334.35 29.88 Apollo Hospitals Enterprise Healthcare 6.11 103.75 62.50 22.08 Divi's Laboratories Healthcare 4.54 75.52 60.27 31.94 Lupin Healthcare 4.53 43.52 41.99 102.08 Glenmark Pharmaceuticals Healthcare 4.02 -24.61 -57.71 87.74 Krishna Institute of Medical Sciences Healthcare 4.01 - - - Gland Pharma Healthcare 3.93 - - -
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Healthcare Fund Direct-IDCW 26.98 2,312.48 5.18 46.74 15.93 29.61 SBI Healthcare Opportunities Fund Direct Plan-IDCW 290.30 2,760.05 2.58 39.70 17.13 28.61 ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund Direct-IDCW 25.64 4,125.26 5.23 53.89 18.45 29.42 Tata India Pharma & Healthcare Fund Direct-IDCW 31.57 948.99 4.33 49.65 17.28 27.05 DSP Healthcare Fund Direct-IDCW 26.65 2,479.25 7.01 47.35 18.44 30.68
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
14.68VS14.31Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.93VS0.90Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.65VS0.67Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
10.29VS10.60Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
1.38VS1.61Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
15.06VS15.01Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Mirae Asset Mutual Fund News
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Fund Manager
- V.K.Vrijesh KaseraSince Jun 20182 schemes
Mr. Kasera is a MBA (Finance), CFA (ICFAI). Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Equity Savings Fund Direct-IDCW Equity Savings 14.45 1,126.87 18.56 Mirae Asset Aggressive Hybrid Fund Direct-IDCW Aggressive Hybrid 21.87 8,962.66 28.25
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Direct- Growth | 37,676.43 | 2.21 | 4.15 | 7.80 | 25.92 | 13.67 | |
Mirae Asset Large & Midcap Fund Direct-Growth | 33,711.38 | 1.76 | 7.52 | 13.13 | 39.89 | 18.49 | |
Mirae Asset ELSS Tax Saver Fund Direct-Growth | 21,301.58 | 2.10 | 6.94 | 12.11 | 36.12 | 17.52 | |
Mirae Asset Liquid Fund Direct- Growth | 12,302.59 | 0.60 | 1.84 | 3.61 | 7.29 | 5.42 | |
Mirae Asset Midcap Fund Direct - Growth | 8,753.87 | 0.28 | 7.94 | 13.08 | 47.57 | 23.96 | |
Mirae Asset Focused Fund Direct - Growth | 8,651.77 | 0.77 | 2.62 | 3.30 | 21.64 | 11.85 | |
Mirae Asset Aggressive Hybrid Fund Direct-Growth | 8,413.74 | 2.16 | 6.25 | 10.20 | 28.05 | 14.42 | |
Mirae Asset Great Consumer Fund Direct-Growth | 3,138.00 | 2.01 | 2.88 | 10.71 | 38.81 | 21.99 | |
Mirae Asset Multicap Fund Direct - Growth | 2,439.86 | 0.07 | 7.06 | 13.86 | - | - | |
Mirae Asset Healthcare Fund Direct - Growth | 2,218.12 | 0.73 | 14.72 | 19.97 | 58.06 | 20.00 |
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1. Mirae Asset Healthcare Fund - Direct Plan is Open-ended Sectoral-Pharma Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Jul 02, 2018.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate long term capital appreciation through investing in equity and equity related securities of companies benefitting directly or indirectly in Healthcare and allied sectors in India. "
2. It is benchmarked against null.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 98.83% in equities, 0.01% in debts and 1.16% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 66.31% of the assets, the top 3 sectors constitute around 98.83% of the assets.
3. The fund largely follows a Value oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset Healthcare Fund Direct-IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Mirae Asset Healthcare Fund Direct-IDCW
- Is it safe to invest in Mirae Asset Healthcare Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Healthcare Fund - Direct Plan comes under Very High risk category.
- What is the category of Mirae Asset Healthcare Fund - Direct Plan?Mirae Asset Healthcare Fund - Direct Plan belongs to the Equity : Sectoral-Pharma category of funds.
- How Long should I Invest in Mirae Asset Healthcare Fund - Direct Plan?The suggested investment horizon of investing into Mirae Asset Healthcare Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Healthcare Fund - Direct Plan?The Mirae Asset Healthcare Fund - Direct Plan is managed by Vrijesh Kasera (Since Jun 11, 2018).
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