Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Equity
Direct
Sector - Healthcare
NAV: ₹ 23.99 as on 24-04-2024
Fund Performance
11 people have invested ₹ 18.1K in Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal in the last three months
About the Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Mirae Asset Healthcare Fund Direct Reinvestment 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
- Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal has ₹2235 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal Overview
 | 0.51% |
 Benchmark | S&P BSE Healthcare PR |
 | ₹2235 Cr |
 | 2 June, 2018 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 14.66% |
Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal Distribution as on (31-Mar-24)
Size breakup
Large cap
47.1%
Mid cap
34.8%
Small cap
17.6%
Sector Allocation
Health
96.9%
Basic Materials
1.8%
Financial Services
1.4%
Top Holdings of Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal as on (31-Mar-24)
Equity Holdings32
Debt Holdings1
Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.36% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 0.82% in Mar'24
AUM Change
- 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 Reinvestment of Income Distribution cum capital withdrawal portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 J B Chemicals & Pharmaceuticals Ltd | 16% |
 Aurobindo Pharma Ltd | 8.2% |
Peer Analysis
Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal Fund Manager
Vrijesh Kasera
Fund Manager of Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal, since 2 July 2018
Top funds managed
Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal 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 22.19% since inception which is more than its category average return of 20.13%
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
This fund has AUM of ₹2235 Cr which is more than its category average of ₹ 1652 Cr
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 Reinvestment of Income Distribution cum capital withdrawal is ₹23.99 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | -7.84% | -7.84% |
6 Month Returns | 22.23% | 22.23% |
1 Year Returns | 47.36% | 47.36% |
3 Years Returns | 54.31% | 15.56% |
5 Years Returns | 200.04% | 24.58% |
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.
0.51% 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 Reinvestment 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 Reinvestment of Income Distribution cum capital withdrawal | -1.55 | 0.93 | 4.76 |
As on March 2024
The alpha for Mirae Asset Healthcare Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment of Income Distribution cum capital withdrawal | 0.96 | 0.94 | 0.94 |
As on March 2024
The Beta for Mirae Asset Healthcare Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment of Income Distribution cum capital withdrawal | 2.71 | 0.87 | 1.01 |
As on March 2024
The sharpe ratio for Mirae Asset Healthcare Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment of Income Distribution cum capital withdrawal | 14.55 | 15.47 | 19.09 |
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 1.55 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.1 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 Reinvestment of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal is 1%