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Mirae Asset Healthcare Fund - Direct & Regular Plans, NAV, Performance & Investment Details 2025

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Invest in Mirae Asset Healthcare Fund - A thematic equity mutual fund focusing on healthcare and pharma sectors. Check NAV, returns, portfolio details, fund managers and invest online.

Investment Objective and Approach

Mirae Asset Healthcare Fund is a Sectoral/Thematic Fund - an open ended equity scheme investing in healthcare and allied sectors. The scheme seeks 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.

Key features of the fund's investment approach:

- The scheme has atleast 80% investments in Pharma, Healthcare and allied sectors

- The endeavor is to maintain a concentrated portfolio of 30-40 stocks in this theme

- Fund has the flexibility to invest across market capitalization and style in selecting investment opportunities within this theme

- Healthcare is an evolving theme which has tremendous growth potential and includes businesses in hospitals, diagnostics, specialty chemicals, medical equipment, insurance and other allied sub sectors

The fund follows a concentrated investment strategy, focusing specifically on companies that benefit from the healthcare ecosystem in India. This includes pharmaceutical companies, hospital chains, diagnostic companies, medical equipment manufacturers, and other healthcare-related businesses.

Fund Managers

The fund is currently managed by a dual management structure:

Primary Fund Manager:

- Mr. Vrijesh Kasera - managing the scheme since 02nd July, 2018

- Mr. Kasera has professional experience of more than 16 years and his primary responsibility includes Investment Analysis & Research. Prior to this assignment, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd. He has done M.B.A. (PGDBM) and CFA (ICFAI)

Co-Fund Manager:

- Mr. Tanmay Mehta - since 1st April 2025

- Mr. Tanmay Mehta has over 12 years of experience primarily into equity research. He has been associated with the AMC since Jan 2021. Prior to this, Mr. Mehta has worked across Institutional Equity Research and Investment Banking Functions at SBI Capital Markets. Mr. Mehta is a qualified Chartered Accountant and has also cleared CFA (US)

Mirae Asset Mutual Fund has announced changes in the fund management responsibilities of Mirae Asset Healthcare Fund. Previously managed by Vrijesh Kasera will now be managed by Tanmay Mehta and Vrijesh Kasera with effect from April 1, 2025.

About the Fund House (AMC)

Mirae Asset Investment Managers (India) Private Limited is the Asset Management Company managing this fund. Key details about the AMC:

- Mirae Asset Investment Managers (India) Private Limited manages assets worth ₹ 1,91,206.46 crores

- It's current offering of mutual fund schemes includes 21 equity, 13 debt and 11 hybrid schemes

- Mirae Asset helps clients achieve their financial goals by smartly investing in mutual funds while providing top-notch customer service

Leadership:

- Mr. Surana is Chief Investment Officer at Mirae Asset Investment Managers (India) Private Limited. He joined Mirae Asset in 2008. In his capacity as CIO, Neelesh spearheads the research and fund management function. An engineering graduate with MBA in Finance, he has over 32 years of experience in equity research and portfolio management

Mirae Asset Global Investments has a global presence across multiple countries including Australia, Hong Kong, India, Korea, UAE, United Kingdom, United States, and Vietnam, bringing international expertise to the Indian market.

Should I Invest in Mirae Asset Healthcare Fund?

Suitability:

This product is suitable for investors who are seeking to generate long term capital appreciation and investments in equity and equity related securities of companies benefitting directly or indirectly in Healthcare and allied sector in India

Investment Considerations:

Positive Aspects:

- Mirae Asset Healthcare Fund Direct Growth has given a CAGR return of 21.90% since inception

- This fund has delivered an average annual returns of 21.9% since inception which is more than its category average return of 15.9%

- This fund has AUM of ₹2667 Cr which is more than its category average of ₹ 1802 Cr

- This fund has an expense ratio of 0.52% which is less than its category average expense ratio of 1.45%

Risk Factors:

- The risk level of Mirae Asset Healthcare Fund Direct Growth is Very High

- This is a fund that invests mainly in shares of pharmaceutical and healthcare companies. We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains. But if you do invest, you must do so only through the SIP route

- Warning: Do not invest in this, or any other pharma sector fund, if you need to redeem your investment in less than seven years

Investment Minimums:

- The minimum initial investment is ₹5000 in Lumpsum mode

- Minimum SIP Investment is set to ₹99

This fund is suitable for investors with high risk tolerance, long investment horizon (minimum 7 years), and specific interest in the healthcare sector's growth potential in India.

FAQs

What is today's NAV of Mirae Asset Healthcare Fund?

The NAV keeps changing daily based on market movements. You can check the current NAV on Allvest or the official AMC website for the most recent figures.

What is the AUM of Mirae Asset Healthcare Fund?

The AUM (assets under management) of Mirae Asset Healthcare Fund is ₹2785.12 Cr as of 18th July 2025.

What is the expense ratio of Mirae Asset Healthcare Fund?

The expense ratio of Mirae Asset Healthcare Fund Plan is 0.49 as of 18th July 2025. The Direct plan has a lower expense ratio compared to the Regular plan.

What are the returns of Mirae Asset Healthcare Fund since inception?

Mirae Asset Healthcare Fund Direct Growth has given a CAGR return of 21.90% since inception. The fund was launched in July 2018.

What is the minimum SIP amount to invest in Mirae Asset Healthcare Fund?

Minimum SIP Investment is set to ₹99 for the fund, making it accessible for small investors.

How do I invest in Mirae Asset Healthcare Fund?

You can invest through Allvest by completing your KYC, selecting the fund, choosing between SIP or lumpsum, and completing the investment process online.

How to start a SIP in Mirae Asset Healthcare Fund?

Log in to your Allvest account, search for Mirae Asset Healthcare Fund, select SIP option, choose amount and date, and set up auto-debit instructions.

How do I automate an SIP in Mirae Asset Healthcare Fund?

Set up auto-debit mandate during SIP registration on Allvest. This will automatically deduct the SIP amount from your bank account on the chosen date each month.

How can I withdraw/redeem my investment in Mirae Asset Healthcare Fund?

You can redeem through Allvest by placing a redemption request. Exit load of 1% if redeemed within 1 year. Partial or full redemption options are available.