IDBI Healthcare Fund Direct Growth
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Equity
Direct
Sector - Healthcare
NAV: ₹ 17.3 as on 08-02-2023
Fund Performance
20 people have invested ₹ 67.7K in mutual fund in the last three months
Fund Insights
In the last 1 year, DSP Healthcare Fund Direct Growth has given 2.32% return, outperforming this fund by 10.47%
In the last 3 years, DSP Healthcare Fund Direct Growth has given 24.09% return, outperforming this fund by 9.19% per annum
This fund has one of the lowest expense ratio in the category (sector - healthcare). Its expense ratio is 1.24% which is lower than the category average expense ratio of 1.59%
INDmoney Rank
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IND ranking is not available for this fund.
Pros
Hold on while we find any good points for this fund.
Cons
3Y returns in the bottom 25% of the category
Fund Performance as on (19-Jan-23)
About the Fund
IDBI Healthcare Fund Direct Growth is an equity fund. This fund was started on 28 February, 2019. The fund is managed by Alok Ranjan. The fund could potentially beat inflation in the long-run.
Key parameters
1) IDBI Healthcare Fund Direct Growth has a NAV of ₹17.25 as on 08-02-2023.
2) IDBI Healthcare Fund Direct Growth has ₹52 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.
3) The fund has an expense ratio 1.24 %.
Fund Overview
Expense ratio | 1.24% |
Benchmark | S&P BSE Healthcare PR |
AUM | ₹52 Cr |
Inception Date | 28 February, 2019 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 723.01% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
59.8%
Mid cap
24.2%
Small cap
13%
Sector Allocation
Health
93.5%
Basic Materials
3.8%
Financial Services
2.7%
Top Holdings as on (31-Dec-22)
Equity Holdings23
Debt Holdings1
See all
What changed
in last one month
AUM decreased by 3.7 Cr in last 1M
Dec'22 return underperformed benchmark
Change in AUM
Dec'22
₹ 54.3 Cr
Nov'22
₹ 58.1 Cr
Oct'22
₹ 60.6 Cr
Fund Returns vs Benchmark
Jan'23
1.48%
5.37%
Dec'22
-0.11%
2.63%
Nov'22
1.48%
5.37%
Fund Return
Benchmark Return
Concentration Analysis as on (31-Dec-22)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
Abbott India Ltd | 3.9% |
Indoco Remedies Ltd | 3% |
Zydus Lifesciences Ltd | 2.1% |
Peer Analysis
Fund Manager
Alok Ranjan
Fund Manager of IDBI Healthcare Fund Direct Growth, since 16 August 2021
Top funds managed
AMC details
Fund House
IDBI Asset Management Limited
Total Schemes
Total AUM
₹3.78K Cr
as on 31-Dec-2022
Address
IDBI Asset Management Ltd.,5th floor, Mafatlal Centre,,Nariman Point,
Phone
+912266442800
Email
contactus@idbimutual.co.in
Fund 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 14.82% since inception which is less than its category average return of 15.3%
Fund Allocations
This fund has an allocation of 97.03% in Equity, 0% in Debt and 2.97% in Cash related instruments
AUM size ₹52 Cr
This fund has AUM of ₹52 Cr which is less than its category average of ₹ 1301 Cr
Expense Ratio 1.24%
This fund has an expense ratio of 1.24% which is less than its category average expense ratio of 1.54%
Frequently Asked Questions
The current NAV of IDBI Healthcare Fund Direct Growth is 17.03 as on 07-Feb-2023.
Existing (Absolute + CAGR)
IDBI Healthcare Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.38% | -4.38% |
6 Month Returns | -6.63% | -6.63% |
1 Year Returns | -9.12% | -9.12% |
3 Years Returns | 49.78% | 14.42% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
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- 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.
1.24 as on January 2023
54 Cr as on January 2023
Sun Pharmaceuticals Industries Ltd(16.58%),Dr Reddy's Laboratories Ltd(10.06%),Divi's Laboratories Ltd(9.8%),Cipla Ltd(9.11%),Apollo Hospitals Enterprise Ltd(7.32%) as on January 2023
Health(90.69%),Basic Materials(3.72%),Cash Equivalent(2.97%) as on January 2023
The alpha ratio for the IDBI Healthcare Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
IDBI Healthcare Fund Direct Growth | -1.29 | -0.91 | - |
As on January 2023
The alpha for IDBI 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 IDBI Healthcare Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
IDBI Healthcare Fund Direct Growth | 0.93 | 0.92 | - |
As on January 2023
The Beta for IDBI 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 IDBI Healthcare Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
IDBI Healthcare Fund Direct Growth | -0.88 | 0.6 | - |
As on January 2023
The sharpe ratio for IDBI 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 IDBI Healthcare Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
IDBI Healthcare Fund Direct Growth | 12.47 | 20.86 | - |
As on January 2023
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 1.32 as on January 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Alok Ranjan is the fund manager of IDBI Healthcare Fund Direct Growth
The Exit load of IDBI Healthcare Fund Direct Growth is 1%
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.