Mirae Asset Healthcare Fund Overview
Category Pharma Fund
BMSMONEY Rank None
BMSMONEY Rating
Growth Option As On: 18-04-2024
NAV ₹30.55 (R) 0.0% ₹33.45 (D) 0.0%
Returns Gro. Opt. 1Y 3Y 5Y 7Y 10Y
LumpSum Reg. P 46.47% 14.89% 23.5% -% -%
LumpSum Dir. P 48.65% 16.65% 25.44% -% -%
SIP Reg. P 38.99% 19.84% 22.89% -% -%
SIP Dir. P 41.09% 21.56% 24.81% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.69 0.36 0.69 0.6% 0.11
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
15.37% -17.19% -17.21% 0.94 10.85%

NAV Date: 18-04-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Healthcare Fund Regular IDCW 21.21
0.0000
0.0000%
Mirae Asset Healthcare Fund Direct IDCW 23.76
0.0000
0.0000%
Mirae Asset Healthcare Fund -Regular Growth 30.55
0.0000
0.0000%
Mirae Asset Healthcare Fund Direct Growth 33.45
0.0000
0.0000%

Review Date: Feb. 29, 2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It signifies the growth in the investment's value over a specific period, presented either as a percentage or a monetary figure. Our analysis focused on six return parameters of this fund. The return parameters have been categorized into three performance groups: the top 25%, those below the top 25% but above average, and those below average. Now, let's take a look at how each parameter has performed.
    1. Top 25%: The fund does not have any return parameter in the top 25% in the category.
    2. Above Average Below the Top 25%: The Mirae Asset Healthcare Fund has one return parameter in the category, which is above average but below the top 25%, as shown below:
      • 5Y Return %
    3. Below Average: Mirae Asset Healthcare Fund has five return parameters that are below average in the category, which are listed below:
      • 1Y Return %
      • 6M Return %
      • 3Y Return %
      • 3M Return %
      • 1M Return %
  2. Risk: It is defined as the prospect of not attaining expected yields or enduring financial setbacks due to numerous causes. For Mirae Asset Healthcare Fund, we have analyzed two risk parameters and divided them into three groups the lowest 25%, below average but above the lowest 25%, and above average, which are described below.
    1. Lowest 25%: Mirae Asset Healthcare Fund does not have any risk parameters in the lowest 25% of the category. It means the fund has high risk compared to other funds in the category.
    2. Below Average but Above the Lowest 25%: Mirae Asset Healthcare Fund does not have any risk parameters in the below average but above the lowest 25% of the category.
    3. Above Average: Mirae Asset Healthcare Fund has two parameters that are above average which are listed below:
      • Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The standard deviation of the fund is 15.37 %.
      • Semi-Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. The semi-deviation of the fund is 10.85 %.
  3. Risk Adjusted Performance Parameters: In mutual funds, risk-adjusted performance parameters are evaluation tools that gauge the returns of an investment against the risk taken. They assist investors in comparing various investments, factoring in both risk and returns. We have evaluated four risk-adjusted performance parameters of the fund.
    1. Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the top 25% of the category.
    2. Above Average Below Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.
    3. Below Average Risk Adjusted Performance Parameters: Mirae Asset Healthcare Fund has four risk-adjusted performance parameters of the fund that are below average in the category.
      • Sharpe Ratio: Mirae Asset Healthcare Fund has a Sharpe Ratio of 0.69 compared to the category average of 0.77.
      • Sterling Ratio: Mirae Asset Healthcare Fund has a Sterling Ratio of 0.69 compared to the category average of 0.72.
      • Sortino Ratio: Mirae Asset Healthcare Fund has a Sortino Ratio of 0.36 compared to the category average of 0.4.
      • Treynor Ratio: Mirae Asset Healthcare Fund has a Treynor Ratio of 0.11 compared to the category average of 0.13.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 2.38
2.19
0.78 | 3.74 4 | 8
Yes
No
No
3M Return % 4.43
4.95
3.29 | 7.02 5 | 8
No
No
No
6M Return % 19.18
21.37
19.08 | 24.43 7 | 8
No
No
Yes
1Y Return % 46.47
50.77
46.47 | 56.80 8 | 8
No
No
Yes
3Y Return % 14.89
15.84
13.92 | 17.83 6 | 8
No
No
Yes
5Y Return % 23.50
23.12
20.77 | 25.55 3 | 7
Yes
No
No
1Y SIP Return % 38.99
41.07
25.88 | 50.43 7 | 8
No
No
Yes
3Y SIP Return % 19.84
22.58
19.84 | 25.83 8 | 8
No
No
Yes
5Y SIP Return % 22.89
23.82
21.71 | 25.64 6 | 7
No
No
Yes
Standard Deviation 15.37
15.05
14.65 | 15.47 6 | 8
No
No
Yes
Semi Deviation 10.85
10.61
10.12 | 10.90 7 | 8
No
No
Yes
Max Drawdown % -17.21
-17.22
-19.18 | -15.43 4 | 8
Yes
No
No
VaR 1 Y % -17.19
-17.10
-19.03 | -14.68 5 | 8
No
No
No
Average Drawdown % -8.88
-9.55
-11.25 | -7.12 3 | 8
Yes
No
No
Sharpe Ratio 0.69
0.77
0.66 | 0.87 6 | 8
No
No
Yes
Sterling Ratio 0.69
0.72
0.64 | 0.82 5 | 8
No
No
No
Sortino Ratio 0.36
0.40
0.34 | 0.45 6 | 8
No
No
Yes
Jensen Alpha % 0.60
2.27
0.20 | 4.48 6 | 8
No
No
Yes
Treynor Ratio 0.11
0.13
0.11 | 0.14 6 | 8
No
No
Yes
Modigliani Square Measure % 19.47
20.83
19.01 | 22.86 6 | 8
No
No
Yes
Alpha % -0.53
0.61
-1.29 | 2.74 6 | 8
No
No
Yes
Return data last Updated On : April 18, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 29, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 2.50 2.30 0.87 | 3.83 4 | 8
Yes
No
No
3M Return % 4.81 5.26 3.52 | 7.26 5 | 8
No
No
No
6M Return % 20.06 22.09 19.66 | 25.00 7 | 8
No
No
Yes
1Y Return % 48.65 52.54 48.65 | 58.15 8 | 8
No
No
Yes
3Y Return % 16.65 17.26 15.14 | 19.11 6 | 8
No
No
Yes
5Y Return % 25.44 24.63 22.00 | 27.43 3 | 7
Yes
No
No
1Y SIP Return % 41.09 42.78 27.73 | 51.80 7 | 8
No
No
Yes
3Y SIP Return % 21.56 23.99 21.56 | 26.90 8 | 8
No
No
Yes
5Y SIP Return % 24.81 25.33 22.97 | 26.82 5 | 7
No
No
No
Standard Deviation 15.37 15.05 14.65 | 15.47 6 | 8
No
No
Yes
Semi Deviation 10.85 10.61 10.12 | 10.90 7 | 8
No
No
Yes
Max Drawdown % -17.21 -17.22 -19.18 | -15.43 4 | 8
Yes
No
No
VaR 1 Y % -17.19 -17.10 -19.03 | -14.68 5 | 8
No
No
No
Average Drawdown % -8.88 -9.55 -11.25 | -7.12 3 | 8
Yes
No
No
Sharpe Ratio 0.69 0.77 0.66 | 0.87 6 | 8
No
No
Yes
Sterling Ratio 0.69 0.72 0.64 | 0.82 5 | 8
No
No
No
Sortino Ratio 0.36 0.40 0.34 | 0.45 6 | 8
No
No
Yes
Jensen Alpha % 0.60 2.27 0.20 | 4.48 6 | 8
No
No
Yes
Treynor Ratio 0.11 0.13 0.11 | 0.14 6 | 8
No
No
Yes
Modigliani Square Measure % 19.47 20.83 19.01 | 22.86 6 | 8
No
No
Yes
Alpha % -0.53 0.61 -1.29 | 2.74 6 | 8
No
No
Yes
Return data last Updated On : April 18, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 29, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.0 ₹ 10000.0 0.0 ₹ 10000.0
1W -1.56 ₹ 9844.0 -1.54 ₹ 9846.0
1M 2.38 ₹ 10238.0 2.5 ₹ 10250.0
3M 4.43 ₹ 10443.0 4.81 ₹ 10481.0
6M 19.18 ₹ 11918.0 20.06 ₹ 12006.0
1Y 46.47 ₹ 14647.0 48.65 ₹ 14865.0
3Y 14.89 ₹ 15167.0 16.65 ₹ 15873.0
5Y 23.5 ₹ 28729.0 25.44 ₹ 31056.0
7Y - ₹ - - ₹ -
10Y - ₹ - - ₹ -
15Y - ₹ - - ₹ -

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 38.9914 ₹ 14409.516 41.0891 ₹ 14533.104
3Y ₹ 36000 19.8381 ₹ 48169.764 21.5602 ₹ 49339.584
5Y ₹ 60000 22.89 ₹ 105875.58 24.8131 ₹ 110890.02
7Y ₹ 84000 - ₹ - - ₹ -
10Y ₹ 120000 - ₹ - - ₹ -
15Y ₹ 180000 - ₹ - - ₹ -


Date NAV Regular Growth NAV Direct Growth
18-04-2024 30.553 33.45
16-04-2024 30.819 33.74
15-04-2024 30.739 33.651
12-04-2024 31.036 33.972
09-04-2024 31.489 34.463
08-04-2024 31.439 34.406
05-04-2024 31.391 34.35
04-04-2024 31.342 34.295
03-04-2024 31.384 34.34
02-04-2024 31.432 34.391
01-04-2024 31.469 34.43
28-03-2024 31.144 34.069
27-03-2024 30.784 33.674
26-03-2024 30.714 33.595
22-03-2024 30.547 33.407
21-03-2024 30.184 33.009
20-03-2024 29.86 32.653
19-03-2024 29.842 32.633
18-03-2024 30.343 33.179
15-03-2024 30.129 32.941
14-03-2024 30.358 33.19
13-03-2024 29.998 32.795
12-03-2024 30.649 33.506
11-03-2024 30.985 33.871
07-03-2024 30.894 33.766
06-03-2024 30.782 33.642
05-03-2024 30.702 33.554
04-03-2024 30.693 33.543
01-03-2024 30.57 33.404
29-02-2024 30.866 33.726
28-02-2024 30.922 33.785
27-02-2024 31.274 34.169
26-02-2024 31.151 34.033
23-02-2024 31.347 34.244
22-02-2024 31.289 34.178
21-02-2024 31.257 34.143
20-02-2024 31.328 34.218
19-02-2024 31.332 34.222
16-02-2024 31.127 33.993
15-02-2024 30.704 33.53
14-02-2024 30.684 33.506
13-02-2024 30.967 33.814
12-02-2024 30.79 33.62
09-02-2024 30.799 33.626
08-02-2024 30.611 33.419
07-02-2024 30.706 33.521
06-02-2024 30.604 33.408
05-02-2024 30.203 32.97
02-02-2024 29.97 32.711
01-02-2024 29.906 32.64
31-01-2024 30.115 32.867
30-01-2024 29.449 32.139
29-01-2024 29.657 32.365
25-01-2024 29.524 32.214
24-01-2024 29.838 32.556
23-01-2024 29.389 32.065
19-01-2024 29.258 31.916
18-01-2024 29.059 31.698
17-01-2024 28.882 31.503
16-01-2024 29.118 31.759
15-01-2024 29.303 31.96
12-01-2024 29.112 31.747
11-01-2024 29.252 31.9
10-01-2024 29.181 31.821
09-01-2024 29.133 31.767
08-01-2024 28.908 31.52
05-01-2024 29.22 31.857
04-01-2024 29.245 31.882
03-01-2024 29.199 31.831
02-01-2024 28.988 31.6
01-01-2024 28.499 31.066
29-12-2023 28.419 30.974
28-12-2023 28.403 30.956
27-12-2023 28.192 30.724
26-12-2023 28.028 30.545
22-12-2023 27.826 30.32
21-12-2023 27.478 29.939
20-12-2023 27.209 29.645
19-12-2023 27.602 30.072
18-12-2023 27.466 29.922
15-12-2023 27.276 29.712
14-12-2023 27.273 29.707
13-12-2023 27.249 29.68
12-12-2023 26.977 29.382
11-12-2023 27.11 29.526
08-12-2023 27.314 29.745
07-12-2023 27.512 29.959
06-12-2023 27.406 29.842
05-12-2023 27.568 30.017
04-12-2023 27.551 29.997
01-12-2023 27.5 29.938
30-11-2023 27.465 29.899
29-11-2023 27.067 29.464
28-11-2023 26.84 29.217
24-11-2023 26.924 29.303
23-11-2023 26.833 29.203
22-11-2023 27.233 29.637
21-11-2023 27.08 29.469
20-11-2023 26.855 29.224
17-11-2023 26.807 29.168
16-11-2023 26.543 28.88
15-11-2023 26.449 28.776
13-11-2023 26.369 28.687
10-11-2023 26.393 28.709
09-11-2023 26.343 28.653
08-11-2023 26.16 28.453
07-11-2023 25.857 28.123
06-11-2023 25.466 27.696
03-11-2023 25.241 27.448
02-11-2023 25.054 27.244
01-11-2023 24.922 27.099
31-10-2023 24.868 27.04
30-10-2023 25.008 27.19
27-10-2023 24.915 27.086
26-10-2023 24.605 26.748
25-10-2023 24.86 27.024
23-10-2023 25.037 27.214
20-10-2023 25.388 27.593
19-10-2023 25.635 27.86
18-10-2023 25.747 27.98
17-10-2023 25.699 27.927
16-10-2023 25.654 27.877
13-10-2023 25.745 27.972
12-10-2023 25.701 27.924
11-10-2023 25.693 27.914
10-10-2023 25.599 27.81
09-10-2023 25.58 27.788
06-10-2023 25.66 27.872
05-10-2023 25.498 27.695
04-10-2023 25.568 27.77
03-10-2023 25.903 28.132
29-09-2023 26.091 28.332
27-09-2023 25.618 27.816
26-09-2023 25.337 27.51
25-09-2023 25.44 27.621
22-09-2023 25.438 27.616
21-09-2023 25.782 27.988
20-09-2023 25.978 28.2
18-09-2023 26.057 28.283
15-09-2023 26.192 28.426
14-09-2023 26.197 28.43
13-09-2023 26.104 28.328
12-09-2023 25.913 28.12
11-09-2023 26.019 28.233
08-09-2023 25.87 28.068
07-09-2023 25.898 28.098
06-09-2023 25.958 28.162
05-09-2023 25.703 27.884
04-09-2023 25.382 27.535
01-09-2023 25.28 27.42
31-08-2023 25.434 27.587
30-08-2023 25.439 27.591
29-08-2023 25.478 27.632
28-08-2023 25.582 27.744
25-08-2023 25.384 27.526
24-08-2023 25.573 27.73
23-08-2023 25.637 27.798
22-08-2023 25.645 27.806
21-08-2023 25.61 27.767
18-08-2023 25.527 27.673
17-08-2023 25.49 27.631
16-08-2023 25.528 27.672
14-08-2023 25.365 27.493
11-08-2023 25.448 27.58
10-08-2023 25.725 27.879
09-08-2023 25.906 28.074
08-08-2023 25.638 27.783
07-08-2023 25.504 27.636
04-08-2023 25.303 27.414
03-08-2023 25.067 27.158
02-08-2023 24.879 26.954
01-08-2023 25.093 27.184
31-07-2023 25.11 27.202
28-07-2023 25.099 27.187
27-07-2023 24.926 26.998
26-07-2023 24.373 26.398
25-07-2023 24.373 26.396
24-07-2023 24.189 26.196
21-07-2023 24.19 26.194
20-07-2023 24.221 26.226
19-07-2023 23.98 25.965
18-07-2023 23.876 25.851
17-07-2023 23.984 25.967
14-07-2023 23.833 25.801
13-07-2023 23.621 25.57
12-07-2023 23.835 25.8
11-07-2023 23.619 25.565
10-07-2023 23.255 25.171
07-07-2023 23.246 25.158
06-07-2023 23.414 25.339
05-07-2023 23.148 25.05
04-07-2023 23.136 25.035
03-07-2023 23.062 24.955
30-06-2023 23.291 25.199
28-06-2023 23.077 24.966
27-06-2023 22.833 24.701
26-06-2023 22.699 24.555
23-06-2023 22.501 24.338
22-06-2023 22.581 24.424
21-06-2023 22.601 24.444
20-06-2023 22.58 24.421
19-06-2023 22.525 24.36
16-06-2023 22.406 24.228
15-06-2023 22.208 24.013
14-06-2023 21.937 23.719
13-06-2023 21.9 23.678
12-06-2023 21.715 23.477
09-06-2023 21.729 23.489
08-06-2023 21.723 23.482
07-06-2023 21.954 23.731
06-06-2023 21.869 23.638
05-06-2023 21.681 23.434
02-06-2023 21.642 23.389
01-06-2023 21.543 23.281
31-05-2023 21.377 23.101
30-05-2023 21.211 22.92
29-05-2023 21.205 22.913
26-05-2023 21.109 22.807
25-05-2023 20.878 22.556
24-05-2023 20.818 22.49
23-05-2023 20.719 22.383
22-05-2023 20.672 22.331
19-05-2023 20.508 22.151
18-05-2023 20.669 22.324
17-05-2023 20.808 22.473
16-05-2023 20.9 22.571
15-05-2023 21.016 22.695
12-05-2023 20.938 22.609
11-05-2023 21.053 22.732
10-05-2023 21.213 22.904
09-05-2023 21.176 22.863
08-05-2023 21.146 22.83
05-05-2023 21.089 22.765
04-05-2023 21.137 22.816
03-05-2023 21.012 22.68
02-05-2023 21.052 22.723
28-04-2023 21.117 22.789
27-04-2023 20.909 22.564
26-04-2023 20.809 22.454
25-04-2023 20.855 22.503
24-04-2023 20.816 22.46
21-04-2023 20.923 22.573
20-04-2023 20.86 22.503
19-04-2023 20.966 22.617
18-04-2023 20.99 22.643

Fund Launch Date: 11/Jun/2018
Fund Category: Pharma Fund
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.
Fund Description: Healthcare Fund - An open ended e q u i t y scheme investing i n healthcare and allied sectors
Fund Benchmark: S&P BSE Healthcare Index (Total Return Index)
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.