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Unrated

Mirae Asset Healthcare Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.62 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.46 Lakh

Suitability:

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 multi-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. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other pharma sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -0.57 0.99 2.75 0.95 4.58 14.95 61.52 -- -- -- --
S&P BSE Healthcare TRI -0.39 0.90 2.55 0.13 3.89 13.60 55.88 -- -- -- --
Equity: Sectoral-Pharma -0.99 0.66 2.33 -0.65 3.56 14.13 56.32 -- -- -- --
Rank within category 3 1 1 1 3 6 3 -- -- -- --
Number of funds in category 9 9 9 9 9 9 9 4 4 3 0

As on 03-Mar-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Healthcare Fund - Direct Plan  | Invest Online
Unrated
Jul-18 61.52 -- -- 0.63 1,166
Nippon India Pharma Fund - Direct Plan
Unrated
Jan-13 59.11 22.22 13.87 1.04 4,197
ICICI Prudential Pharma Healthcare And Diagnostics (P.H.D) Fund - Direct Plan  | Invest Now
Unrated
Jul-18 65.70 -- -- 1.45 2,010
SBI Healthcare Opportunities Fund - Direct Plan  | Invest Online
Unrated
Jan-13 54.75 17.99 8.71 1.12 1,551
DSP Healthcare Fund - Direct Plan  | Invest Online
Unrated
Nov-18 62.12 -- -- 0.74 1,049

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 19.84 01-Apr-2020 - 09-Apr-2020 -11.74 11-Mar-2020 - 18-Mar-2020
Month 36.25 23-Mar-2020 - 22-Apr-2020 -19.98 20-Feb-2020 - 23-Mar-2020
Quarter 47.73 23-Mar-2020 - 22-Jun-2020 -10.08 23-Dec-2019 - 23-Mar-2020
Year 85.95 09-Oct-2019 - 08-Oct-2020 -6.75 28-Aug-2018 - 28-Aug-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Healthcare TRI* 16.43 23.90 0.50 1.13 -- --
Equity: Sectoral-Pharma* 19.24 21.34 0.69 1.45 0.87 4.35
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 28-Feb-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 28
Top 10 Stocks (%) 65.45
Top 5 Stocks (%) 43.59
Top 3 Sectors (%) 95.82
Portfolio P/B Ratio 4.79
Portfolio P/E Ratio 37.65

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 43,277 37,529
Giant (%) 11.72 11.40
Large (%) 47.44 45.97
Mid (%) 36.78 33.20
Small (%) 4.07 9.42
Tiny (%) -- 0.10

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Sun Pharmaceutical Inds. Healthcare 62.15 13.65 9.54 11.45
up Dr. Reddy's Lab Healthcare 34.41 12.08 5.69 10.67
up Divi's Laboratories Healthcare 50.60 10.44 7.19 8.18
up Cipla Healthcare 29.28 9.46 4.26 8.02
up Ipca Laboratories Healthcare 23.37 8.33 2.39 5.29
equal Torrent Pharmaceuticals Healthcare 34.03 7.24 3.02 5.08
up Apollo Hospitals Healthcare 217.82 4.70 0.00 4.70
equal Aurobindo Pharma Healthcare 9.59 7.25 1.78 4.42
up Lupin Healthcare 42.00 5.66 3.52 4.19
up Natco Pharma Healthcare 30.40 3.48 0.00 3.48
up Biocon Healthcare 79.15 6.83 3.01 3.01
equal Dr. Lal Pathlabs Healthcare 80.52 4.96 2.53 2.96
equal Ajanta Pharma Healthcare 24.35 4.77 1.88 2.63
down Laurus Labs Healthcare 24.55 4.40 0.74 2.52
down Max Financial Services Financial 97.54 2.32 0.82 2.05
up Vinati Organics Chemicals 53.63 4.64 1.37 2.04
equal Alkem Laboratories Healthcare 22.15 4.55 1.57 2.03
up Gland Pharma Healthcare 51.46 2.00 0.00 2.00
equal SRF Diversified 33.61 2.01 0.00 1.87
up PI Industries Chemicals 51.69 1.90 0.00 1.81
equal JB Chemicals & Pharma Healthcare 23.38 2.68 0.00 1.73
down ICICI Lombard General Insurance Company Financial 48.31 2.00 0.00 1.53
down Chemcon Speciality Chemicals Chemicals 32.80 1.67 0.00 1.29
down Syngene International Healthcare 60.48 4.14 0.00 1.27
down SBI Life Insurance Company Financial 62.32 1.71 0.00 1.26

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2021

Fund Manager

— Vrijesh Kasera since 11-Jun-2018

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.

Funds Managed:


0.99%

Change from previous, NAV as on 03-Mar-2021

Growth: ₹ 19.6630

Dividend: ₹ 19.6600


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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 02-Jul-2018
Return Since Launch: 28.80%
Benchmark: S&P BSE Healthcare TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 1,166 Cr (As on 31-Jan-2021)
Expense: 0.63% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: --
Turnover: 35.00%

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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