Mirae Asset Healthcare Fund Overview
Category Pharma Fund
BMSMONEY Rank -
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹36.85(R) +0.85% ₹40.7(D) +0.85%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 37.23% 16.87% 28.24% -% -%
LumpSum (D) 39.26% 18.64% 30.23% -% -%
SIP (R) 10.77% 26.74% 24.05% -% -%
SIP (D) 12.49% 28.62% 25.94% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.71 0.39 0.69 0.68% 0.12
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
15.72% -17.19% -17.21% 0.95 10.54%
Top Pharma Fund
Fund Name Rank Rating
Icici Prudential Pharma Healthcare And Diagnostics (P.H.D) Fund -
Sbi Healthcare Opportunities Fund -
Tata India Pharma & Healthcare Fund -
Dsp Healthcare Fund -
Uti Healthcare Fund -

NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Healthcare Fund Regular IDCW 25.59
0.2100
0.8400%
Mirae Asset Healthcare Fund Direct IDCW 28.91
0.2400
0.8500%
Mirae Asset Healthcare Fund -Regular Growth 36.85
0.3100
0.8500%
Mirae Asset Healthcare Fund Direct Growth 40.7
0.3400
0.8500%

Review Date: 19-11-2024

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%: One return parameter of the Mirae Asset Healthcare Fund is above average but below the top 25% in the category, 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 %
      • 3Y Return %
      • 6M 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 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 15.72 %.
      • 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 10.54 %.
  3. Risk Adjusted Performance Parameters: Risk-adjusted performance parameters in mutual funds are parameters that assess the return on investments based on the risks involved. These parameters provide a platform for investors to compare various investments, by considering both profits and the risks involved. For Mirae Asset Healthcare Fund, we have evaluated four risk-adjusted performance parameters.
    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 0.71 compared to the category average of 0.85.
      • Sterling Ratio: Mirae Asset Healthcare Fund has a Sterling Ratio of 0.69 compared to the category average of 0.78.
      • Sortino Ratio: Mirae Asset Healthcare Fund has a Sortino Ratio of 0.39 compared to the category average of 0.47.
      • Treynor Ratio: Mirae Asset Healthcare Fund has a Treynor Ratio of 0.12 compared to the category average of 0.14.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -5.34
-3.29
-6.13 | -1.38 11 | 13 Average
3M Return % -1.27
1.96
-4.87 | 6.68 11 | 13 Average
6M Return % 16.86
18.30
11.91 | 24.73 8 | 13 Good
1Y Return % 37.23
42.10
34.98 | 50.25 9 | 11 Average
3Y Return % 16.87
19.81
16.87 | 23.20 8 | 8 Poor
5Y Return % 28.24
27.82
23.59 | 30.75 4 | 8 Good
1Y SIP Return % 10.77
11.42
-16.11 | 26.02 6 | 11 Good
3Y SIP Return % 26.74
29.69
26.71 | 34.29 7 | 8 Poor
5Y SIP Return % 24.05
25.28
22.04 | 28.06 7 | 8 Poor
Standard Deviation 15.72
15.31
14.31 | 15.96 6 | 8 Average
Semi Deviation 10.54
10.45
10.03 | 10.78 5 | 8 Average
Max Drawdown % -17.21
-16.50
-18.92 | -14.27 5 | 8 Average
VaR 1 Y % -17.19
-16.74
-18.91 | -14.68 6 | 8 Average
Average Drawdown % -6.00
-5.03
-7.25 | -3.98 7 | 8 Poor
Sharpe Ratio 0.71
0.85
0.66 | 1.10 7 | 8 Poor
Sterling Ratio 0.69
0.78
0.66 | 0.96 7 | 8 Poor
Sortino Ratio 0.39
0.47
0.36 | 0.59 7 | 8 Poor
Jensen Alpha % 0.68
3.31
-0.30 | 7.34 7 | 8 Poor
Treynor Ratio 0.12
0.14
0.11 | 0.19 7 | 8 Poor
Modigliani Square Measure % 19.24
21.86
18.21 | 26.49 7 | 8 Poor
Alpha % -0.32
1.69
-1.06 | 4.46 7 | 8 Poor
Return data last Updated On : Nov. 19, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -5.23 -3.19 -6.01 | -1.30 11 | 13
3M Return % -0.91 2.29 -4.48 | 7.04 11 | 13
6M Return % 17.71 19.06 12.84 | 25.80 8 | 13
1Y Return % 39.26 43.86 36.19 | 52.14 9 | 11
3Y Return % 18.64 21.27 18.64 | 24.29 8 | 8
5Y Return % 30.23 29.43 25.54 | 32.68 3 | 8
1Y SIP Return % 12.49 12.87 -14.86 | 27.66 6 | 11
3Y SIP Return % 28.62 31.23 28.48 | 35.44 7 | 8
5Y SIP Return % 25.94 26.80 23.81 | 29.20 6 | 8
Standard Deviation 15.72 15.31 14.31 | 15.96 6 | 8
Semi Deviation 10.54 10.45 10.03 | 10.78 5 | 8
Max Drawdown % -17.21 -16.50 -18.92 | -14.27 5 | 8
VaR 1 Y % -17.19 -16.74 -18.91 | -14.68 6 | 8
Average Drawdown % -6.00 -5.03 -7.25 | -3.98 7 | 8
Sharpe Ratio 0.71 0.85 0.66 | 1.10 7 | 8
Sterling Ratio 0.69 0.78 0.66 | 0.96 7 | 8
Sortino Ratio 0.39 0.47 0.36 | 0.59 7 | 8
Jensen Alpha % 0.68 3.31 -0.30 | 7.34 7 | 8
Treynor Ratio 0.12 0.14 0.11 | 0.19 7 | 8
Modigliani Square Measure % 19.24 21.86 18.21 | 26.49 7 | 8
Alpha % -0.32 1.69 -1.06 | 4.46 7 | 8
Return data last Updated On : Nov. 19, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.85 ₹ 10,085.00 0.85 ₹ 10,085.00
1W -1.72 ₹ 9,828.00 -1.69 ₹ 9,831.00
1M -5.34 ₹ 9,466.00 -5.23 ₹ 9,477.00
3M -1.27 ₹ 9,873.00 -0.91 ₹ 9,909.00
6M 16.86 ₹ 11,686.00 17.71 ₹ 11,771.00
1Y 37.23 ₹ 13,723.00 39.26 ₹ 13,926.00
3Y 16.87 ₹ 15,964.00 18.64 ₹ 16,698.00
5Y 28.24 ₹ 34,682.00 30.23 ₹ 37,464.00
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 10.77 ₹ 12,691.42 12.49 ₹ 12,800.17
3Y ₹ 36000 26.74 ₹ 53,000.53 28.62 ₹ 54,363.35
5Y ₹ 60000 24.05 ₹ 108,927.60 25.94 ₹ 113,988.06
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Healthcare Fund NAV Regular Growth Mirae Asset Healthcare Fund NAV Direct Growth
19-11-2024 36.853 40.697
18-11-2024 36.544 40.355
14-11-2024 36.934 40.779
13-11-2024 36.896 40.735
12-11-2024 37.497 41.397
11-11-2024 37.966 41.914
08-11-2024 38.451 42.443
07-11-2024 38.526 42.524
06-11-2024 39.064 43.116
05-11-2024 38.692 42.704
04-11-2024 38.528 42.521
31-10-2024 38.552 42.542
30-10-2024 37.948 41.874
29-10-2024 38.028 41.96
28-10-2024 38.352 42.316
25-10-2024 37.99 41.912
24-10-2024 38.135 42.07
23-10-2024 37.994 41.912
22-10-2024 38.318 42.268
21-10-2024 38.93 42.942

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.