April 15, 2023
mayank
IDBI Healthcare Fund
NAV Growth: Rs 17.5100
NAV IDCW: Rs 17.5100
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 achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies engaged in Healthcare and Allied sectors.
Fund Manager:
1) Alok Ranjan
Education: Mr. Ranjan has done MBA (Finance), BSc Physics (Honors)
Experience: Prior to joining IDBI Asset Management Limited he was associated with Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details
| Fund House | IDBI Mutual Fund |
| Launch Date | 28-Feb-19 |
| Return Since Launch | 14.55% |
| Benchmark | S&P BSE Healthcare TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 50 Cr |
| (As on 31-Mar-2023) | |
| Expense | 1.24% |
| (As on 28-Feb-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
IDBI Healthcare Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| IDBI Healthcare Dir | -1.24 | -0.17 | 6.77 | -1.57 | -2.72 | -8.90 | 12.04 | — | — | — |
| S&P BSE Healthcare TRI | -0.85 | -0.41 | 6.08 | -0.98 | -1.53 | -7.80 | 16.24 | — | — | — |
| Equity: Sectoral-Pharma | -0.73 | -0.26 | 5.78 | -0.99 | 0.19 | -4.27 | 17.58 | — | — | — |
| Rank within category | 10 | 6 | 3 | 10 | 10 | 11 | 9 | — | — | — |
| Number of funds in category | 12 | 12 | 12 | 12 | 11 | 11 | 9 | 4 | 4 | 3 |
IDBI 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 (%) |
| IDBI Healthcare Dir | Unrated | -8.90 | 12.04 | — | 1.24 | 50 | 14.55 | 1.00 (365) | 4yrs 1mo | 1.00 |
| Nippon Ind Pharma Dir | Unrated | -4.26 | 18.24 | 15.79 | 1.26 | 4,304 | 15.43 | 1.00 (30) | 10yrs 3mo | 19.00 |
| ICICI Pru Pharma Hlthcr & Diagn Dir | Unrated | -2.83 | 18.98 | — | 1.21 | 2,595 | 16.04 | 1.00 (15) | 4yrs 9mo | 59.00 |
| SBI Helthcr Opp Dir | Unrated | 0.63 | 19.60 | 14.46 | 1.09 | 1,589 | 14.83 | 0.50 (15) | 10yrs 3mo | 33.00 |
| Mirae Asset Healthcare Dir | Unrated | -6.48 | 19.96 | — | 0.52 | 1,513 | 18.48 | 1.00 (365) | 4yrs 9mo | 16.00 |
Portfolio Analysis
| No. of Stocks | 23 |
| Top 10 Stocks | 75.14% |
| Top 5 Stocks | 52.37% |
| Top 3 Sectors | 98.37% |
| Portfolio P/B Ratio | 4.5 |
| Portfolio P/E Ratio | 34.74 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 52,211 | 56,072 |
| Giant (%) | 18.12 | 21.66 |
| Large (%) | 49.04 | 37.91 |
| Mid (%) | 28.79 | 33.26 |
| Small (%) | 4.06 | 7.52 |
| Tiny (%) | — | 0.59 |
Chanakya’s Mutual Fund Guidance For IDBI Healthcare Fund
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: https://online.idbimutual.co.in/
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