Mirae Asset Healthcare Fund Direct Growth

Mirae Asset Healthcare Fund Direct Growth

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Equity
Direct
Sector - Healthcare
NAV: ₹ 33.6 as on 22-04-2024
Fund Performance
zero opening, trading, fund transfer fee
2248 people have invested ₹ 1.6Cr in Mirae Asset Healthcare Fund Direct Growth in the last three months

Mutual Fund Insights

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In the last 5 years, DSP Healthcare Fund Direct Growth has given 27.18% return, outperforming this fund by 2.12% per annum.
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Over the last 6 months, this fund has experienced a 20.0% growth in AUM moving from 1.86K Cr to 2.23K Cr.
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In the last 3 years, SBI Healthcare Opportunities Fund Direct Growth has given 18.83% return, outperforming this fund by 2.39% per annum.
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Over the last 6 months, this fund has decreased expense ratio by 12.1% moving from 0.58 to 0.51.
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This fund has one of the lowest expense ratio in the category (sector - healthcare). Its expense ratio is 0.51% which is lower than the category average expense ratio of 1.42%.
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In the last 1 year, ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund Direct Growth has given 57.12% return, outperforming this fund by 10.01%.

INDmoney Rank of Mirae Asset Healthcare Fund Direct Growth

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IND ranking is not available for this fund.

Pros

5Y returns in the top 25% of the category
Lower expense ratio
Beats FD returns for both 3Y & 5Y duration

Cons

No bad points found for this fund.

About the 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

  1. Mirae Asset Healthcare Fund Direct Growth has ₹2235 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Mirae Asset Healthcare Fund Direct Growth Overview

Expense ratio
Expense ratio
0.51%
Benchmark
Benchmark
S&P BSE Healthcare PR
AUM
AUM
₹2235 Cr
Inception Date
Inception Date
2 June, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
14.66%

Mirae Asset Healthcare Fund Direct Growth Distribution as on (31-Mar-24)

  • Equity 99.6%

  • Debt & Cash 0.4%

Size breakup

Large cap
47.1%
Mid cap
34.8%
Small cap
17.6%
Sector Allocation

Mar'24

Feb'24

Jan'24

Health
96.9%
Basic Materials
1.8%
Financial Services
1.4%

Top Holdings of Mirae Asset Healthcare Fund Direct Growth as on (31-Mar-24)

  • Equity

  • Debt & Cash

Equity Holdings32
Debt Holdings1

Mirae Asset Healthcare Fund Direct Growth: Monthly Changes Updates

All changes are between Jan'24 and Mar'24
Fund Performance
Mar'24
Feb'24
Jan'24
Fund Returns
1.01%
2.61%
6.11%
Nifty 500
-0.47%
1.58%
1.71%
  • This fund’s returns stands at 1.01% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
  • This fund outperformed Nifty 500 by 1.48% in Mar'24
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 2.2K Cr
₹ 2.2K Cr
₹ 2.2K Cr
  • AUM of the fund stands at 2.2K Cr as of Mar'24
  • AUM increased by 17 Cr between Mar'24 and Feb'24
Fund Portfolio Changes

Gainers & Losers in Mirae Asset Healthcare Fund Direct Growth portfolio Returns for the month of Mar

Mirae Asset Healthcare Fund Direct Growth Fund Manager

Vrijesh Kasera
Vrijesh Kasera
Fund Manager of Mirae Asset Healthcare Fund Direct Growth, since 2 July 2018

Mirae Asset Healthcare Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 22.68% since inception which is more than its category average return of 19.81%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.58% in Equity, 0% in Debt and 0.42% in Cash related instruments
AUM size ₹2235 Cr

AUM size ₹2235 Cr

This fund has AUM of ₹2235 Cr which is more than its category average of ₹ 1652 Cr
Expense Ratio 0.51%

Expense Ratio 0.51%

This fund has an expense ratio of 0.51% which is less than its category average expense ratio of 1.45%

Frequently Asked Questions

The current NAV of Mirae Asset Healthcare Fund Direct Growth is ₹33.6 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
Mirae Asset Healthcare Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.96%
1.96%
6 Month Returns
19.43%
19.43%
1 Year Returns
47.11%
47.11%
3 Years Returns
57.88%
16.44%
5 Years Returns
205.92%
25.06%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.51% as on March 2024
₹2235 Cr as on March 2024
Sun Pharmaceuticals Industries Ltd(14.92%), Cipla Ltd(9.62%), Aurobindo Pharma Ltd(8.25%), Dr Reddy's Laboratories Ltd(7.17%), Apollo Hospitals Enterprise Ltd(6.34%) as on March 2024
Health(96.44%), Basic Materials(1.78%), Financial Services(1.35%) as on March 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
-0.28
1.9
5.33
As on March 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
0.94
0.94
0.94
As on March 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
2.78
0.94
1.04
As on March 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
14.39
15.39
19.04
As on March 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 1.68 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.45 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
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%