Mirae Asset Healthcare Fund Overview
Category Pharma Fund
BMSMONEY Rank -
BMSMONEY Rating
Gro. Opt. As On: 20-12-2024
NAV ₹38.33(R) -0.9% ₹42.38(D) -0.9%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 40.87% 19.81% 28.75% -% -%
LumpSum (D) 42.95% 21.61% 30.75% -% -%
SIP (R) -22.91% 25.4% 23.71% -% -%
SIP (D) -21.66% 27.34% 25.61% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.68 0.38 0.67 0.53% 0.11
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
15.88% -17.19% -17.21% 0.95 10.61%
Top Pharma Fund
Fund Name Rank Rating
Icici Prudential Pharma Healthcare And Diagnostics (P.H.D) Fund -
Sbi Healthcare Opportunities Fund -
Dsp Healthcare Fund -
Tata India Pharma & Healthcare Fund -
Uti Healthcare Fund -

NAV Date: 20-12-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Healthcare Fund Regular IDCW 26.61
-0.2400
-0.9000%
Mirae Asset Healthcare Fund Direct IDCW 30.1
-0.2700
-0.9000%
Mirae Asset Healthcare Fund -Regular Growth 38.33
-0.3500
-0.9000%
Mirae Asset Healthcare Fund Direct Growth 42.38
-0.3900
-0.9000%

Review Date: 20-12-2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It captures the increment in the investment's value during the investment period, articulated as either a percentage or a monetary denomination. We carefully examined six return parameters of this fund to gauge its performance. The return parameters have been divided into three performance groups: the top 25%, parameters below the top 25% but exceeding the average, and parameters below the average mark. Please find the detailed analysis below.
    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 two return parameters in the category, which are above average but below the top 25%, as listed below:
      • 1M Return %
      • 5Y Return %
    3. Below Average: Mirae Asset Healthcare Fund has four return parameters that are below average in the category, which are listed below:
      • 1Y Return %
      • 3Y Return %
      • 6M Return %
      • 3M Return %
  2. Risk: It refers to the chance of suffering a financial loss or not reaching the expected profits due to a variety of circumstances. Two risk parameters of the fund are divided 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 15.88 %.
      • 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 10.61 %.
  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 0.68 compared to the category average of 0.88.
      • Sterling Ratio: Mirae Asset Healthcare Fund has a Sterling Ratio of 0.67 compared to the category average of 0.8.
      • Sortino Ratio: Mirae Asset Healthcare Fund has a Sortino Ratio of 0.38 compared to the category average of 0.48.
      • Treynor Ratio: Mirae Asset Healthcare Fund has a Treynor Ratio of 0.11 compared to the category average of 0.15.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 3.91
2.88
-0.97 | 4.52 5 | 13 Good
3M Return % -1.46
-0.40
-9.73 | 3.09 11 | 13 Average
6M Return % 18.09
19.11
3.40 | 26.27 9 | 13 Average
1Y Return % 40.87
42.49
33.84 | 51.93 8 | 12 Average
3Y Return % 19.81
22.41
19.56 | 25.88 7 | 8 Poor
5Y Return % 28.75
28.25
24.23 | 30.74 4 | 8 Good
1Y SIP Return % -22.91
-21.85
-35.24 | -12.91 9 | 12 Average
3Y SIP Return % 25.41
28.17
25.24 | 32.64 7 | 8 Poor
5Y SIP Return % 23.71
24.81
21.75 | 27.67 6 | 8 Average
Standard Deviation 15.88
15.42
14.47 | 16.13 7 | 8 Poor
Semi Deviation 10.61
10.54
10.13 | 10.91 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 % -6.36
-5.35
-6.76 | -4.22 7 | 8 Poor
Sharpe Ratio 0.68
0.88
0.66 | 1.12 7 | 8 Poor
Sterling Ratio 0.67
0.80
0.66 | 1.02 7 | 8 Poor
Sortino Ratio 0.38
0.48
0.36 | 0.65 7 | 8 Poor
Jensen Alpha % 0.53
4.05
0.12 | 8.16 7 | 8 Poor
Treynor Ratio 0.11
0.15
0.11 | 0.19 7 | 8 Poor
Modigliani Square Measure % 18.77
22.51
18.32 | 27.03 7 | 8 Poor
Alpha % -0.46
2.41
-0.61 | 6.00 7 | 8 Poor
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 4.03 2.99 -0.84 | 4.64 5 | 13
3M Return % -1.11 -0.08 -9.36 | 3.54 11 | 13
6M Return % 18.95 19.88 4.26 | 27.36 9 | 13
1Y Return % 42.95 44.30 36.04 | 53.85 8 | 12
3Y Return % 21.61 23.89 21.29 | 27.00 7 | 8
5Y Return % 30.75 29.86 26.17 | 32.66 3 | 8
1Y SIP Return % -21.66 -20.75 -34.00 | -11.70 9 | 12
3Y SIP Return % 27.34 29.75 27.01 | 33.82 6 | 8
5Y SIP Return % 25.61 26.34 23.54 | 28.81 6 | 8
Standard Deviation 15.88 15.42 14.47 | 16.13 7 | 8
Semi Deviation 10.61 10.54 10.13 | 10.91 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 % -6.36 -5.35 -6.76 | -4.22 7 | 8
Sharpe Ratio 0.68 0.88 0.66 | 1.12 7 | 8
Sterling Ratio 0.67 0.80 0.66 | 1.02 7 | 8
Sortino Ratio 0.38 0.48 0.36 | 0.65 7 | 8
Jensen Alpha % 0.53 4.05 0.12 | 8.16 7 | 8
Treynor Ratio 0.11 0.15 0.11 | 0.19 7 | 8
Modigliani Square Measure % 18.77 22.51 18.32 | 27.03 7 | 8
Alpha % -0.46 2.41 -0.61 | 6.00 7 | 8
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D -0.90 ₹ 9,910.00 -0.90 ₹ 9,910.00
1W 1.36 ₹ 10,136.00 1.39 ₹ 10,139.00
1M 3.91 ₹ 10,391.00 4.03 ₹ 10,403.00
3M -1.46 ₹ 9,854.00 -1.11 ₹ 9,889.00
6M 18.09 ₹ 11,809.00 18.95 ₹ 11,895.00
1Y 40.87 ₹ 14,087.00 42.95 ₹ 14,295.00
3Y 19.81 ₹ 17,196.00 21.61 ₹ 17,986.00
5Y 28.75 ₹ 35,381.00 30.75 ₹ 38,209.00
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 -22.91 ₹ 10,452.50 -21.66 ₹ 10,540.94
3Y ₹ 36000 25.41 ₹ 52,040.77 27.34 ₹ 53,426.09
5Y ₹ 60000 23.71 ₹ 108,005.82 25.61 ₹ 113,073.66
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Healthcare Fund NAV Regular Growth Mirae Asset Healthcare Fund NAV Direct Growth
20-12-2024 38.328 42.378
19-12-2024 38.678 42.764
18-12-2024 38.237 42.275
17-12-2024 37.783 41.772
16-12-2024 38.09 42.109
13-12-2024 37.813 41.798
12-12-2024 37.982 41.983
11-12-2024 38.267 42.296
10-12-2024 38.193 42.212
09-12-2024 38.166 42.181
06-12-2024 38.293 42.316
05-12-2024 38.374 42.404
04-12-2024 38.352 42.379
03-12-2024 38.401 42.431
02-12-2024 38.337 42.358
29-11-2024 37.989 41.968
28-11-2024 37.204 41.1
27-11-2024 37.333 41.241
26-11-2024 37.473 41.394
25-11-2024 37.675 41.615
22-11-2024 37.3 41.196
21-11-2024 36.885 40.736

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.