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    • Mirae Asset Healthcare Fund (Growth)
    Mirae Asset Mutual Fund

    Mirae Asset Healthcare Fund (Growth)

    EquitySectoral / Thematic - Pharma And Healthcare

    23.945

    NAV (Sep 23)

    30.2%
    Till Date CAGR
    Scripbox Opinion

    Neutral

    Click here for top ranked funds in sectoral / thematic - pharma and healthcare mutual funds.

    However, Scripbox does not recommend investing in sectoral / thematic - pharma and healthcare mutual funds.

    The pharma benchmark index itself has been a material underperformer over an extended time frame.

    Contrary to common perception, this category is also characterised by higher volatility.Investing in these funds will require investors to have a unique insight into the specific areas of investment that these funds focus on.In addition the investor will need to have the ability,inclination and expertise to monitor the prospects closely.Investors are therefore better off investing in diversified funds rather than this category.

    Our analysis of this fundLearn how we rate funds ->

    Track Record

    3 Years. The Fund has a Short history for analysis. We recommend funds with longer history.

    Relative Size

    1,901 Cr. Large within the category

    Category View

    Neutral. The category has a neutral investment outlook

    Consistency Of Performance

    Good. The historical performance of the fund has been good

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      Historical growth rate of 12% per annum
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      Recommended Duration > 5 years
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      No Lock-in
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    Historical NAV

    23.945

    NAV (Sep 23)

    Fund Returns

    Last 1Y
    41%
    Last 3Y
    30%
    Last 5Y
    NA
    Last 10Y
    NA
    Since Inception
    30.2%
    6 Month CAGR
    30.3%
    info-icon-blue

    Scheme Information

    Investment Objective

    The investment objective of the scheme is to seek 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. The Scheme does not guarantee or assure any returns.

    Low

    Low to Moderate

    Moderate

    Moderately High

    High

    Very High

    risk-indicator-arrow.svg

    Very High Risk

    Expense Ratio
    2.1
    Launched (3y ago)
    Jun 02, 2018
    AUM in Crores
    1900.764
    ISIN
    INF769K01EA2
    Lock-in
    No Lock-in
    Benchmark
    S&P BSE Healthcare TR INR
    SIP Minimum
    1000
    Lumpsum Min.
    5000
    Fund Managers
    user-avatar

    Vrijesh Kasera

    Fund Manager

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    Returns Calculator Comparison

    of

    for

    with step up of

    InstrumentReturnsTotal CorpusGainsAnnualised %
    Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
    EPF70% ₹ 900,761 ₹ 168,1498.50%
    Property70% ₹ 867,662 ₹ 135,0507.00%
    PPF70% ₹ 869,819 ₹ 137,2077.10%
    Bank FD70% ₹ 846,471 ₹ 113,8596.00%
    Gold70% ₹ 846,471 ₹ 113,8596.00%
    Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

    Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

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    Build Long Term Wealth

    Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

    • Inflation beating returns
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    comparison

    Comparison with Equity Funds

    Fund NameScripbox OpinionFund SizeTrack Record

    SBI Focused Equity Fund (G)

    recommended-badge

    ₹ 19,429 cr

    5

    recommended-badge

    ₹ 5,308 cr

    5

    recommended-badge

    ₹ 4,853 cr

    5

    recommended-badge

    ₹ 3,705 cr

    5

    recommended-badge

    ₹ 3,232 cr

    5

    amc-icon

    About the AMC

    Mirae Asset Global Inv (India) Pvt. Ltd

    Mirae Asset Investment Managers (India) Private Limited manages assets worth 92,647 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 29 equity,36 debt and 9 hybrid funds.

    amc-img

  • tel-amc-about
    022-67800300
  • mail-amc-about
    customercare@miraeasset.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    23.3%

    22.1%

    recommended-badge

    18%

    16.7%

    top-ranked-badge

    22.5%

    21.7%

    top-ranked-badge

    16.6%

    16.4%

    top-ranked-badge

    16.6%

    16.4%

    growth

    Build Long Term Wealth

    Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Grow Wealth , Retirement , Kid's Education
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Parag Parikh Flexi Cap fund (Growth)

    Parag Parikh Flexi Cap fund (Growth)

    Equity

    Diversified

    Mirae Asset Large Cap Fund (Growth)

    Mirae Asset Large Cap Fund (Growth)

    Equity

    Large Cap

    Axis Bluechip Fund (Growth)

    Axis Bluechip Fund (Growth)

    Equity

    Large Cap

    Invesco India Growth Opportunities Fund (Growth)

    Invesco India Growth Opportunities Fund (Growth)

    Equity

    Diversified

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    About Mirae Asset Healthcare Fund (G)

    About Mirae Asset Healthcare Fund (G)

    Mirae Asset Healthcare Fund (G) is a Sectoral / Thematic - Pharma And Healthcare Equity fund and has delivered an annualised return of 30.2% over a period of 3 years. . The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Vrijesh Kasera

    Mirae Asset Healthcare Fund (G) Investment Objective

    The investment objective of the scheme is to seek 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. The Scheme does not guarantee or assure any returns. . However, there is no assurance that the objective of the scheme will be realized.

    Mirae Asset Healthcare Fund (G) NAV,AUM,Risk

    The Mirae Asset Healthcare Fund (G) fund was launched on Jun 02, 2018. The NAV (Net Asset Value) of this Sectoral / Thematic - Pharma And Healthcare Equity fund as of 2021-09-23 is ₹23.95. The total AUM (Asset Under Management) of the fund as of 24/09/2021 is ₹1900.764. The category risk of the Mirae Asset Healthcare Fund (G) fund is Very High Risk. The fund charges 2.1 % as expense ratio.

    Mirae Asset Healthcare Fund (G) Holdings

    The fund’s highest allocation is towards Equity and has invested 99.7% in this asset class. The top three holdings of the fund are , sun pharmaceuticals industries ltd , divi's laboratories ltd , dr reddy's laboratories ltd , apollo hospitals enterprise ltd , cipla ltd , torrent pharmaceuticals ltd , ipca laboratories ltd , fortis healthcare ltd , lupin ltd , gland pharma ltd , aurobindo pharma ltd , natco pharma ltd , ajanta pharma ltd , j.b. chemicals & pharmaceuticals ltd , krishna institute of medical sciences ltd , biocon ltd , alkem laboratories ltd , laurus labs ltd , sbi life insurance company limited , clean science and technology ltd , srf ltd , dr. lal pathlabs ltd , vinati organics ltd , max financial services ltd , icici lombard general insurance co ltd , tatva chintan pharma chem ltd , syngene international ltd , triparty repo , abbott india ltd

    Mirae Asset Healthcare Fund (G) Sip

    The minimum SIP (Systematic Investment Plan) amount for this is ₹1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.

    Mirae Asset Healthcare Fund (G) Investment volatility and Horizon

    This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to S&P BSE Healthcare TR INR

    Mirae Asset Healthcare Fund (G) Review

    Mirae Asset Healthcare Fund (G) has a score of 3 on a scale of 5. The fund scores 2 out of 5 based on historical performance. As compared to the other funds in its category, Mirae Asset Healthcare Fund (G) has a score of 4 out of 5 Scipbox has rated this fund 3 out of 5 based on consistency of performance over various years / tenures.

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