Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal

Equity
Direct
Sector - Healthcare
Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal

About the Fund

Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal has ₹2202 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal has given a CAGR return of 23.14% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 51.22%, 14.91% and 28.40% respectively.

Holdings

Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal has allocated its funds majorly in Cash Equivalent, Health, Financial Services, Basic Materials. Its top holdings are Sun Pharmaceuticals Industries Ltd, Cipla Ltd, Aurobindo Pharma Ltd, Dr Reddy's Laboratories Ltd, Apollo Hospitals Enterprise 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 benefit
Dividends 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 Payout of Income Distribution cum capital withdrawal

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 500.00. Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 2K in Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal in the last three months

Fund Overview

Expense ratio0.53%
Benchmark
S&P BSE Healthcare PR
AUM₹2202 Cr
Inception Date2 June, 2018
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
14.66%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 99.6%

  • Debt & Cash 0.4%

Large cap
46.6%

Mid cap
40.3%

Small cap
12.7%

Sector Allocation

May'24

Apr'24

Mar'24

Health
97.9%
Financial Services
1.3%
Basic Materials
0.8%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Vrijesh Kasera
Vrijesh Kasera
Fund Manager of Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal, since 2 July 2018

Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal 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 23.14% since inception which is more than its category average return of 21.55%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.55% in Equity, 0% in Debt and 0.44% in Cash related instruments
AUM size ₹2202 Cr

AUM size ₹2202 Cr

This fund has AUM of ₹2202 Cr which is more than its category average of ₹ 1665 Cr
Expense Ratio 0.53%

Expense Ratio 0.53%

This fund has an expense ratio of 0.53% which is less than its category average expense ratio of 1.45%

Frequently Asked Questions

The current NAV of Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal is ₹25.65 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
6.49%
6.49%
6 Month Returns
20.75%
20.75%
1 Year Returns
51.22%
51.22%
3 Years Returns
51.74%
14.91%
5 Years Returns
249%
28.4%
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.
0.53% as on May 2024
₹2202 Cr as on May 2024
Sun Pharmaceuticals Industries Ltd(13.6%), Cipla Ltd(9.87%), Aurobindo Pharma Ltd(9.68%), Dr Reddy's Laboratories Ltd(7.01%), Apollo Hospitals Enterprise Ltd(6.06%) as on May 2024
Health(97.48%), Financial Services(1.26%), Basic Materials(0.82%) as on May 2024
The alpha ratio for the Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal
0.34
0.94
4.06
As on May 2024
The alpha for Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal
0.94
0.95
0.95
As on May 2024
The Beta for Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal
2.13
0.59
1.06
As on May 2024
The sharpe ratio for Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal
15.33
14.72
18.85
As on May 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 0.98 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.21 as on May 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 Payout of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal is 1%