Mirae Asset Healthcare Regular Growth
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- Fund Summary
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|Fund Type||Sector - Healthcare|
|Exit Load||1% for 365 Days|
More about this fund
|Dr Reddy's Laboratories Ltd||10.91%|
|Sun Pharmaceuticals Industries Ltd||10.41%|
|Divi's Laboratories Ltd||8.67%|
|Ipca Laboratories Ltd||5.28%|
|Torrent Pharmaceuticals Ltd||5.26%|
|Aurobindo Pharma Ltd||4.33%|
|Apollo Hospitals Enterprise Ltd||4.26%|
About Mirae Asset Healthcare Fund
The Scheme is a sectoral open-ended equity scheme investing in healthcare and allied sectors. The scheme invests circa 80% investments in pharma, healthcare and allied sector across 30 – 40 concentrated stocks. The Scheme is available under both Regular and Direct Plan. Each plan is available under both growth and dividend (pay-out and re-investment) option. The Scheme is benchmarked against S&P BSE Healthcare Index.
Pros & Cons of Mirae Asset Healthcare Fund
Pharma stocks has not been doing well for the past couple of years and it’s unlikely to recover in near future. In current scenario, the valuation of pharma sector stocks are cheap and is expected to bounce back in future. Pharma industry has been hit due to various reasons such as rising competition, FDA inspections and others. Aggressive investors need to stay at least 2-3 years for returns in this sectoral scheme.
Fund Information and Statistics of Mirae Asset Healthcare Fund
i) Inception / Launch date
The scheme was launched on 25 June 2018. Minimum investment is Rs 5,000 and in multiple of Re 1 thereafter.
ii) Risk level
The Riskometer of the scheme is determined as high. The scheme is thematic in nature and thus the portfolio construction is quite sector focused. Thus the scheme is only suitable for investors with high risk appetite.
There are no minimum amount/units prescribed for redemptions. Redemption request can be sent to Fund house and proceeds are remitted within 10 business days.
iv) Fund Manager
Mr. Vrijesh Kasera is the fund manager of this scheme who is managing the scheme since inception.
v) Entry / Exit load
1% exit load is charged if the units are redeemed within 1 year from the date of allotment of units, no exit load is charged beyond 1 year.
Tax Benefits of investing in Mirae Asset Healthcare Fund
The short-term capital gains made on sale of units within 1 year from the date of allotment will be taxed at the rate of 15%. The Long-term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).
About Mirae Asset Mutual Fund
Mirae Asset Mutual Fund is sponsored by Mirae Asset Global Investments Co Ltd and was established in November 2007. Currently, Mr. Swarup Anand Mohanty is the CEO of the fund house. The fund house offers array of equity, thematic, hybrid, fixed income and tax savings scheme.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns