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

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

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Equity
Direct
Sector - Healthcare

NAV: ₹ 19 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
16 people have invested ₹ 93K in mutual fund in the last three months

Fund Performance as on (19-Jan-23)

Return
1M
3M
6M
1Y
3Y
This Fund
-2.5%
-6.5%
-12.2%
-21.2%
15.9%
Benchmark
-2.3%
2.2%
9.6%
-0.5%
15%
Category
-2.7%
-6.1%
-2.9%
-6.1%
18.2%
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 a NAV of 18.998 as on 08-02-2023.

2) Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal has 1632 Cr worth of assets under management (AUM) as on 31-12-2022 and is more than category average.

3) The fund has an expense ratio 0.51 %.

Fund Overview

Expense ratio
Expense ratio
0.51%
Benchmark
Benchmark
S&P BSE Healthcare PR
AUM
AUM
₹1632 Cr
Inception Date
Inception Date
2 June, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
25.05%

Fund Distribution as on (31-Dec-22)

  • Equity 99.9%
  • Debt & Cash 0.1%
Size breakup
Large cap
56.4%
Mid cap
24.4%
Small cap
19.1%

Sector Allocation

Dec'22

Nov'22

Oct'22

Health

91.6%

Financial Services

4.4%

Basic Materials

3.9%

Top Holdings as on (31-Dec-22)

  • Equity
  • Debt & Cash
Equity Holdings28
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM decreased by 92.8 Cr in last 1M
Dec'22 return underperformed benchmark

Change in AUM

Dec'22
₹ 1.6K Cr
Nov'22
₹ 1.7K Cr
Oct'22
₹ 1.7K Cr

Fund Returns vs Benchmark

Jan'23
-7.12%
5.37%
Dec'22
2.63%
Nov'22
-7.12%
5.37%
Fund Return
Benchmark Return

Concentration Analysis as on (31-Dec-22)

Fund
Dec'22
Nov'22
Oct'22
No of Holdings
29
29
29
Top 5 Company Concentration
50.1%
49.7%
48.4%
Company having highest exposure
Sun Pharmaceuticals Industries Ltd (18.5%)
Sun Pharmaceuticals Industries Ltd (18.3%)
Sun Pharmaceuticals Industries Ltd (18.1%)
No of Sectors
6
6
6
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Health (91.6%)
Health (91.7%)
Health (91.3%)

Fund Manager

Vrijesh Kasera

Vrijesh Kasera

Fund Manager of Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal, since 31 July 2018

AMC details

Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.19L Cr
as on 31-Dec-2022
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
Email
customercare@miraeasset.com

Fund 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 14.27% since inception which is less than its category average return of 15.3%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.9% in Equity, 0% in Debt and 0.1% in Cash related instruments
AUM size ₹1632 Cr

AUM size ₹1632 Cr

This fund has AUM of ₹1632 Cr which is more than its category average of ₹ 1301 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 1.54%

Frequently Asked Questions

The current NAV of Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal is 18.68 as on 07-Feb-2023.
Existing (Absolute + CAGR)
Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
-2.51%
-2.51%
6 Month Returns
-12.2%
-12.2%
1 Year Returns
-22.54%
-22.54%
3 Years Returns
57.71%
16.4%
5 Years Returns
0%
0%
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0.51 as on January 2023
1632 Cr as on January 2023
Sun Pharmaceuticals Industries Ltd(18.5%),Cipla Ltd(10.05%),Apollo Hospitals Enterprise Ltd(7.95%),Dr Reddy's Laboratories Ltd(7.63%),Krishna Institute of Medical Sciences Ltd(6.02%) as on January 2023
Health(91.56%),Financial Services(4.42%),Basic Materials(3.92%) as on January 2023
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
-20.93
0.13
-
As on January 2023
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
0.56
0.94
-
As on January 2023
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
-2.02
0.62
-
As on January 2023
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
13.29
22.67
-
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 1.31 as on January 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
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%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.