Benchmark Debt Fund 8%
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Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
| 9 Year | 5 Year | 3 Year | 1 Year | |
|---|---|---|---|---|
Benchmark# BM# Returns(%) | - | 16.57 | 11.59 | -0.7 |
Fund Returns(%) | - | 23.96 | 16.06 | 8.31 |
Implied Investor Returns(%) IR | - | 20.42 | 13.98 | 7.75 |
Mirae Asset Healthcare Fund is a Equity - Sectoral Fund - Pharma & Health Care with an 2,441(Cr) AUM. It is Open Ended scheme launched on 02 Jul 2018. Currently, Vrijesh Kasera as the manager managing the fund. Benchmark of the scheme is BSE Health Care - TRI.
| 1 Year | 3 Year | 5 Year | 9 Year | |
|---|---|---|---|---|
Upside % | 126 | 105 | 96 | - |
Downside % | 26 | 40 | 37 | 44 |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
Fund | 0.00% | 0.88 | -0.01 | -0.02 | 0.57 | -2.79% |
Benchmark# | 0.05% | 0.95 | 0.03 | 0.06 | 0.57 | - |
| Average Rolling Return | Standard Deviation | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 9 Year | 1 Year | 3 Year | 5 Year | 9 Year | |
Fund | 29.43 | 22.33 | 25.22 | 0.00 | 27.29 | 5.72 | 3.97 | 0.00 |
Benchmark# | 20.02 | 18.43 | 16.97 | 0.00 | 22.61 | 4.19 | 2.70 | 0.00 |
| Company (Q) | Sector | % Assets |
|---|---|---|
| Healthcare | 11.84 | |
| Healthcare | 7.6 | |
| Healthcare | 7.09 | |
| Healthcare | 6.53 | |
| Healthcare | 6.36 | |
| Healthcare | 5.48 | |
| Healthcare | 5.31 | |
| Healthcare | 4.43 | |
| Healthcare | 4.42 | |
| Healthcare | 3.57 |
Launch Date | 02 Jul 2018 |
Benchmark | BSE Health Care - TRI |
Performance comparison Benchmark# | NIFTY 500 |
Riskometer | Very High |
Turnover | 34% |
Type | Open ended scheme |
Return Since Launch | 21.11% |
Min. Investment | 5000.00 |
Min. Additional investment Min. Add. inv. | 1000.00 |
Min. SIP | 99.00 |
Min. Cheques | 6 |
Min. Withdrawal | 1.00 |
Exit Load | 1.00% |
Remark | 1% on or before 1Y(365D), Nil after 1Y(365D) |
Mirae Asset Healthcare Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :
| 1 Year | 3 Year | 5 Year | 9 Year | |
| CAGR(%) | 8.31 | 16.06 | 23.96 | N/A |
| Average Rolling Returns(%) | 29.43 | 22.33 | 25.22 | N/A |
The Current NAV of Mirae Asset Healthcare Fund - Regular Plan - Growth is ₹34.55.
You should look for a fund with better more consistent performance track record. Funds returns are more likely to be different than its benchmark NIFTY 500 returns, as Funds portfolio is significantly different.
Mirae Asset Healthcare Fund - Regular Plan - Growth fund’s expense ratio is 1.94%
The process for redemption is
The AUM of Mirae Asset Healthcare Fund - Regular Plan - Growth is currently ₹2,441 Crores.
The Top three stocks are Sun Pharma Inds., Cipla and Aurobindo Pharma and account for 27% of its portfolio. Top 5 and 10 stocks of fund account for 39% and 63% of fund’s portfolio respectively.
Top three sectors of Mirae Asset Healthcare Fund - Regular Plan - Growth fund are Healthcare, Miscellaneous and Chemicals accounting for 99% of the total portfolio.
Since this is a Equity - Sectoral Fund - Pharma & Health Care it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.
The category of Mirae Asset Healthcare Fund - Regular Plan - Growth Fund is Equity - Sectoral Fund - Pharma & Health Care.
Vrijesh Kasera manages the Mirae Asset Healthcare Fund - Regular Plan - Growth Fund.
Mirae Asset Healthcare Fund - Regular Plan - Growth current PE ratio is 43.02 and PB ratio is 5.95
The asset allocation of Mirae Asset Healthcare Fund - Regular Plan - Growth is Stocks : 99.58%, Debt : 0.39% and Gold : 0.01%
The minimum SIP amount for Mirae Asset Healthcare Fund - Regular Plan - Growth is ₹99.00 and minimum lumpsum is ₹5000.00
The exit load for Mirae Asset Healthcare Fund - Regular Plan - Growth is 1% on or before 1 year(365 days), Nil after 1 year(365 days)
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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