September 14, 2022
mayank
Mirae Asset Healthcare Fund
NAV Growth : Rs 23.3060
NAV IDCW : Rs 21.4200
Suitable For Which Investors ?
This is a fund that invests mainly in shares of pharmaceutical and healthcare companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy :
The scheme seeks 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.
Fund Manager :
1) Vrijesh Kasera
Education : Mr. Kasera is a MBA (Finance), CFA (ICFAI).
Experience : Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.
Investment Details
| Min. Investment (Rs) : | 5,000 |
| Min. Addl Investment (Rs) : | 1,000 |
| Min. SIP Investment (Rs) : | 1,000 |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | 1% for redemption within 365 days |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 02-Jul-18 |
| Return Since Launch : | 22.30% |
| Benchmark : | S&P BSE Healthcare TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 1,723 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.62% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | — |
| Turnover : | 29.00% |
Mirae Asset Healthcare Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Helthcr Dir | -8.35 | 0.54 | 0.79 | 9 | -0.66 | -7.05 | 30.18 | — | — | — |
| S&P BSE Healthcare TRI | -10.53 | 0.22 | 1.19 | 8.24 | -2.83 | -11.86 | 22.17 | — | — | — |
| Equity: Sectoral-Pharma | -9.09 | 0.17 | 0.76 | 8.11 | -1.39 | -9.42 | 25.51 | — | — | — |
| Rank within category | 4 | 2 | 5 | 3 | 4 | 2 | 1 | — | — | — |
| Number of funds in category | 11 | 11 | 11 | 11 | 11 | 10 | 9 | 4 | 3 | 0 |
Mirae Asset Healthcare Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Mirae Asset Helthcr Dir | Unrated | -7.05 | 30.18 | — | 0.62 | 1,723 | 22.30 | 1.00 (365) | 4yrs 2mo | 29.00 |
| Nippon Ind Pharma Dir | Unrated | -9.71 | 26.25 | 18.2 | 1.06 | 4,588 | 16.37 | 1.00 (30) | 9yrs 8mo | 28.00 |
| ICICI Pru Pharma Hlthcr & Diagn Dir | Unrated | -9.55 | 26.98 | — | 1.21 | 2,465 | 18.44 | 1.00 (15) | 4yrs 2mo | 48.00 |
| SBI Helthcr Opp Dir | Unrated | -5.75 | 26.08 | 13.57 | 1.07 | 1,675 | 15.45 | 0.50 (15) | 9yrs 8mo | 27.00 |
| DSP Helthcr Dir | Unrated | -10.93 | 29.18 | — | 0.81 | 1,161 | 23.45 | 1.00 (364) | 3yrs 9mo | 11.00 |
Portfolio Analysis
| No. of Stocks : | 28 |
| Top 10 Stocks % : | 66.93 |
| Top 5 Stocks % : | 45.97 |
| Top 3 Sectors % : | 98.19 |
| Portfolio P/B Ratio : | 4.51 |
| Portfolio P/E Ratio : | 36.86 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 46,308 | 55,278 |
| Giant (%) | 16.21 | 19.26 |
| Large (%) | 35.94 | 36.52 |
| Mid (%) | 39.48 | 36.17 |
| Small (%) | 8.37 | 7.94 |
| Tiny (%) | — | 0.55 |
Mirae Asset Healthcare Fund by Chanakya :
Do not invest in this, or any other pharma sector fund, if you need to redeem your investment in less than seven years.
Apply Online :
Stock Research Reports :
https://www.analysislibrary.com/
NFO Guidance :
https://sahifund.com/category/nfos/
Chanakya’s Mutual Fund Guidance on Youtube
https://www.youtube.com/c/ChanakyaNiPothi
Join Chanakya’s Telegram Channel @
https://t.me/chanakyanipothi