Mirae Asset Healthcare Fund Direct Growth

Q: What kind of returns does Mirae Asset Healthcare Fund Direct Growth provide?

Mirae Asset Healthcare Fund Direct Growth aims to generate capital appreciation by investing mainly in public sector undertakings (PSUs). Historically, its returns have often shown moderate to high growth rate depending on market conditions. Mirae Asset Healthcare Fund Direct Growth had a return of 42.95% over the past 1 year.

Q: How much expense ratio is charged by Mirae Asset Healthcare Fund Direct Growth?

The expense ratio for Mirae Asset Healthcare Fund Direct Growth, or any other mutual fund, is the yearly fee you pay for managing your investments. As of 20 Dec 2024, the expense ratio charged by Mirae Asset Healthcare Fund Direct Growth is typically around 0 %. This fee covers fund management, administrative, and other operational costs. It is relatively low compared to actively managed funds, reflecting its direct growth option.

Q: What is the AUM of Mirae Asset Healthcare Fund Direct Growth?

As of 20 Dec 2024, the Assets Under Management (AUM) of Mirae Asset Healthcare Fund Direct Growth is approximately ₹2742.9107 crore. The AUM can fluctuate based on market conditions and investor activity. It indicates the total value of assets managed by the fund.

Q: What is the NAV of Mirae Asset Healthcare Fund Direct Growth?

The Net Asset Value (NAV) of Mirae Asset Healthcare Fund Direct Growth is updated daily and reflects the per-unit value of the fund's assets. As of 20 Dec 2024 , the NAV is around undefined per unit, but this value might change based on market performance and fund holdings.

Q: What is the PE and PB ratio of Mirae Asset Healthcare Fund Direct Growth?

The PE ratio for Mirae Asset Healthcare Fund Direct Growth is 48.81 and the PB ratio is 8.31. The PE ratio is calculated by dividing the market price by the earnings per share, whereas the PB ratio is calculated by dividing the stock price by the book value per share.

Q: What is the exit load of Mirae Asset Healthcare Fund Direct Growth?

The exit load for Mirae Asset Healthcare Fund Direct Growth is 0% if units are redeemed within 30 days from the date of investment. After this period, no exit load is applicable. This fee is charged to discourage short-term trading and ensure long-term investment.

Equity

NAV

₹ 42.38

CAGR (3 Years)

21.61%

AUM (Cr)

₹ 2,742.91

Risk

Very High Risk

About Mirae Asset Healthcare Fund Direct Growth

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.

Breakdown of this Fund

Chemicals

2.72%

Debt Others

1.36%

Healthcare

33.08%

Miscellaneous

0.67%

Mutual Fund Units

0.02%

Pharmaceuticals

121.29%

Market Capitalization

Expense Ratio, Exit Load and Tax

Expense Ratio

Exit Load

0.50% - Within 2 year from the date of allotment or purchase applying First in F...

Stamp Duty

0.005% (from July 1st, 2020)

Tax Implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.