Mirae Asset Healthcare Fund Direct Growth
Equity
Direct
Sector - Healthcare
NAV as on 20-12-2024
₹ 42.38
▲1.2%
1D
Inception Returns
24.8%
/yr
About Mirae Asset Healthcare Fund Direct Growth
Mirae Asset Healthcare Fund Direct Growth is an equity fund. This fund was started on 2 June, 2018. The fund is managed by Vrijesh Kasera. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Healthcare Fund Direct Growth has ₹2743 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Returns
Mirae Asset Healthcare Fund Direct Growth has given a CAGR return of 24.84% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 42.21%, 21.71% and 30.89% respectively.
Holdings
Mirae Asset Healthcare Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Health, Basic Materials. Its top holdings are Sun Pharmaceuticals Industries Ltd, Aurobindo Pharma Ltd, Cipla Ltd, Dr Reddy's Laboratories Ltd, Glenmark Pharmaceuticals Ltd
Taxation
As it is a sector - healthcare mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Mirae Asset Healthcare Fund Direct Growth
The investment objective of the scheme is to seek 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. The Scheme does not guarantee or assure any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Healthcare Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
2970 people have invested ₹ 2.4Cr in Mirae Asset Healthcare Fund Direct Growth in the last three months
INDmoney Rank for Mirae Asset Healthcare Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Lower expense ratio
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
Mirae Asset Healthcare Fund Direct Growth Overview
| Expense ratio | 0.47% |
Benchmark | S&P BSE Healthcare PR |
| AUM | ₹2743 Cr |
| Inception Date | 2 June, 2018 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 18.15% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
43%
Mid cap
34.5%
Small cap
20.1%
Sector Allocation
Health
98.6%
Basic Materials
1.4%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -1.35% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund underperformed Nifty 500 by 0.75% in Nov'24
- AUM of the fund stands at 2.7K Cr as of Nov'24
- AUM decreased by 27.3 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Wockhardt Ltd's allocation increased from 2.11% to 2.94%
Krishna Institute of Medical Sciences Ltd's allocation increased from 3.83% to 4.32%
Divi's Laboratories Ltd's allocation increased from 4.96% to 5.35%
Top Stocks sold last month
Sun Pharmaceuticals Industries Ltd's allocation decreased from 12 % to 11.67 %
Aurobindo Pharma Ltd's allocation decreased from 8.05 % to 7.53 %
Cipla Ltd's allocation decreased from 6.8 % to 6.79 %
Small Cap allocation has gone up from 18.7% to 20.1%
Mid Cap allocation has gone down from 34.9% to 34.5%
Large Cap allocation has gone down from 43.9% to 43%
Cash allocation has gone down from 0.9% to 0.4%
Top 2 Sectors in November were Health, Basic Materials
Nov'24
Health
99%
Basic Materials
1%
Oct'24
Health
99%
Basic Materials
1%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Wockhardt Ltd | 22% |
 Krishna Institute of Medical Sciences Ltd | 2.7% |
 Syngene International Ltd | 1% |
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Vrijesh Kasera
Fund Manager of Mirae Asset Healthcare Fund Direct Growth, since 2 July 2018
Top funds managed
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.82L Cr
as on 29-Nov-2024
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 24.6% growth in AUM moving from 2.20K Cr to 2.74K Cr.
This fund has one of the lowest expense ratio in the category (sector - healthcare). Its expense ratio is 0.47% which is lower than the category average expense ratio of 1.39%.
In the last 3 years, ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund Direct Growth has given 26.95% return, outperforming this fund by 5.24% per annum.
Over the last 1 year, this fund has decreased expense ratio by 19.0% moving from 0.58 to 0.47.
In the last 5 years, DSP Healthcare Fund Direct Growth has given 32.82% return, outperforming this fund by 1.93% per annum.
In the last 1 year, HDFC Pharma and Healthcare Fund Direct Growth has given 53.39% return, outperforming this fund by 11.18%.
Mirae Asset Healthcare Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 24.84% since inception which is less than its category average return of 24.91%
Fund Allocations
This fund has an allocation of 99.54% in Equity, 0% in Debt and 0.45% in Cash related instruments
AUM size ₹2743 Cr
This fund has AUM of ₹2743 Cr which is more than its category average of ₹ 1857 Cr
Expense Ratio 0.47%
This fund has an expense ratio of 0.47% which is less than its category average expense ratio of 1.22%
Frequently Asked Questions for Mirae Asset Healthcare Fund Direct Growth
The current NAV of Mirae Asset Healthcare Fund Direct Growth is ₹42.38 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
Mirae Asset Healthcare Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.08% | 5.08% |
6 Month Returns | 19.8% | 19.8% |
1 Year Returns | 42.21% | 42.21% |
3 Years Returns | 80.31% | 21.71% |
5 Years Returns | 284.15% | 30.89% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.47% as on November 2024
₹2743 Cr as on November 2024
Sun Pharmaceuticals Industries Ltd(11.67%), Aurobindo Pharma Ltd(7.53%), Cipla Ltd(6.79%), Dr Reddy's Laboratories Ltd(5.76%), Glenmark Pharmaceuticals Ltd(5.65%) as on November 2024
The alpha ratio for the Mirae Asset Healthcare Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Healthcare Fund Direct Growth | -3.94 | -0.32 | 3.19 |
As on November 2024
The alpha for Mirae Asset Healthcare Fund Direct Growth is calculated against S&P BSE Healthcare PR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset Healthcare Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Healthcare Fund Direct Growth | 1.03 | 0.97 | 0.96 |
As on November 2024
The Beta for Mirae Asset Healthcare Fund Direct Growth is calculated with S&P BSE Healthcare PR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset Healthcare Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Healthcare Fund Direct Growth | 2.11 | 0.84 | 1.21 |
As on November 2024
The sharpe ratio for Mirae Asset Healthcare Fund Direct Growth is calculated with S&P BSE Healthcare PR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset Healthcare Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Healthcare Fund Direct Growth | 13.46 | 15.83 | 19.3 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.57 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Vrijesh Kasera is the fund manager of Mirae Asset Healthcare Fund Direct Growth
The Exit load of Mirae Asset Healthcare Fund Direct Growth is 1%