Home
>Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Compare
Equity
Direct
Sector - Healthcare
NAV: ₹ 18.9 as on 27-01-2023
Fund Performance
8 people have invested ₹ 23K in mutual fund in the last three months
Fund Performance as on (19-Jan-23)
About the Fund
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
1) Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal has a NAV of ₹18.947 as on 27-01-2023.
2) Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal has ₹1632 Cr worth of assets under management (AUM) as on 30-11-2022 and is more than category average.
3) The fund has an expense ratio 0.51 %.
Fund Overview
Expense ratio | 0.51% |
Benchmark | S&P BSE Healthcare PR |
AUM | ₹1632 Cr |
Inception Date | 2 June, 2018 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 25.05% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
56.4%
Mid cap
24.4%
Small cap
19.1%
Sector Allocation
Health
91.6%
Financial Services
4.4%
Basic Materials
3.9%
Top Holdings as on (31-Dec-22)
Equity Holdings28
Debt Holdings1
See all
What changed
in last one month
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
Dec'22
-7.12%
5.37%
Nov'22
2.63%
Oct'22
-7.12%
5.37%
Fund Return
Benchmark Return
Concentration Analysis as on (31-Dec-22)
Winners & Losers as on (31-Dec-22)
Peer Analysis
Fund Manager
Vrijesh Kasera
Fund Manager of Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal, since 31 July 2018
Top funds managed
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
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 14.72% since inception which is less than its category average return of 15.5%
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
This fund has AUM of ₹1632 Cr which is more than its category average of ₹ 1318 Cr
Expense Ratio 0.51%
This fund has an expense ratio of 0.51% which is less than its category average expense ratio of 1.54%
Frequently Asked Questions
The current NAV of Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal is 18.9 as on 25-Jan-2023.
Existing (Absolute + CAGR)
Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | -1.07% | -1.07% |
6 Month Returns | -7.55% | -7.55% |
1 Year Returns | -18.95% | -18.95% |
3 Years Returns | 62.27% | 17.51% |
5 Years Returns | 0% | 0% |
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 December 2022
1632 Cr as on December 2022
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 December 2022
Health(91.56%),Financial Services(4.42%),Basic Materials(3.92%) as on December 2022
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 | -22.37 | 0.28 | - |
As on December 2022
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 | 0.59 | 0.95 | - |
As on December 2022
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 | -2.25 | 0.72 | - |
As on December 2022
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 | 14.18 | 22.68 | - |
As on December 2022
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 1.53 as on December 2022. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
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%
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.