📊 Equity Fund · Deep Analysis

Mirae Asset Healthcare Fund Direct Growth

Mirae Asset Mutual Fund · Direct Growth · SEBI Category: Equity

Current NAV ₹47.0160 (+0.45% today) As of 04 Jun 2026
1 Year Return +13.9%
3 Year CAGR +25.8% p.a.
5 Year CAGR +15.6% p.a.
AAUM ₹2.7K Cr Jan–Mar 2026
All data from RightAdvise DB — calculated from 1,948 daily NAV records
Fund Overview

Mirae Asset Healthcare Fund Direct Growth — Quick Summary

Mirae Asset Healthcare Fund benefits from Mirae Asset's global research network — headquartered in Korea, the parent company has deep expertise in global healthcare investing including Korean bio-pharma, US specialty pharma and global medical technology. This global perspective supplements domestic Indian pharma research — providing insight into global drug pricing trends, FDA inspection patterns and healthcare technology disruptions that affect Indian healthcare companies.

The fund invests across the healthcare value chain — Indian pharmaceutical companies with US and emerging market exposure, domestic formulation companies, hospital chains and diagnostic companies benefiting from India's healthcare penetration growth. Vrijesh Kasera's research approach incorporates global sector trends alongside fundamental Indian company analysis.

Fund House
Mirae Asset Mutual Fund
SEBI Category
Equity
Benchmark
Nifty Healthcare TRI
Fund Manager
Vrijesh Kasera
AMFI Code
143783
Risk Level
Very High
NAV Records in DB
1,948 days
Quarterly Average AUM · Jan–Mar 2026
₹2.7K Cr
↓ Decreased by 1.7% vs Oct–Dec 2025 · ₹2.8K Cr
Official quarterly average AUM from AMFI disclosure. Published every 3 months.
📊
✓ Suitable For
Investors who value global research perspective in their healthcare sector fund. Long-term investors with 7+ year horizon comfortable with healthcare sector dynamics. Those seeking comprehensive Indian and global healthcare theme exposure.
Global healthcare research perspective from Mirae Asset's international network. Korean parent's deep bio-pharma and medical technology expertise adds unique insight. Comprehensive Indian healthcare coverage — pharma, hospitals and diagnostics. Research-driven approach with international perspective.
✗ Not Suitable For
Conservative investors unable to handle healthcare sector volatility. Those with very short investment horizons. Investors wanting pure Indian large-cap pharma exposure without global perspective.
Who Runs This Fund

Fund Manager

VK
Vrijesh Kasera
Mirae Asset Mutual Fund · Managing since July 2020

Vrijesh Kasera is Fund Manager at Mirae Asset Mutual Fund and manages the Mirae Asset Healthcare Fund. He brings global healthcare sector research expertise supported by Mirae Asset's international investment network — providing perspective on global pharmaceutical trends, drug discovery pipelines and healthcare technology innovations that affect Indian healthcare companies and their competitive positioning.

For current co-manager details and full biography, refer to the latest Mirae Asset Mutual Fund factsheet on AMFI or the AMC website.

What to Factor In

Things to Consider

Informational points to help you form your own view — not judgements or recommendations.

AMFI Code · Informational
AMFI Scheme Code: 143783
The official AMFI scheme code for Mirae Asset Healthcare Fund Direct Growth Direct Growth is 143783. Use this when transacting on platforms or verifying data across databases.
Important Note
Points Worth Knowing
Mirae Asset Healthcare Fund is a relatively newer fund compared to Nippon India Pharma or SBI Healthcare — launched in 2020. A shorter track record makes full-cycle performance evaluation more difficult. The COVID period (2020-2022) was unusually favorable for healthcare sector funds — performance during normalisation of healthcare sector conditions will be important to monitor.
Investment Objective
As per Scheme Information Document
To generate long term capital appreciation by predominantly investing in equity and equity related instruments of companies in the healthcare sector.
All Data Below — From RightAdvise Database
Category Comparison

Top 5 Healthcare & Pharma Funds Compared

Live data. Current fund highlighted. Click any fund name for full analysis.

FundNAVAAUM1Y Return 3Y CAGR 5Y CAGR Sharpe (3Y)
Nippon India Pharma Fund ₹596.02 ₹7.9K Cr Jan–Mar 2026 +5.9% +22.5% p.a. +13.4% p.a. 1.37
SBI Healthcare Opportunities Fund ₹532.86 ₹3.8K Cr Jan–Mar 2026 +10.5% +25.5% p.a. +16.2% p.a. 1.61
DSP Healthcare Fund ₹46.10 ₹3.0K Cr Jan–Mar 2026 +8.8% +22.9% p.a. +15.4% p.a. 1.62
Mirae Asset Healthcare Fund ▲ ₹47.02 ₹2.7K Cr Jan–Mar 2026 +13.9% +25.8% p.a. +15.6% p.a. 1.45
HDFC Pharma and Healthcare Fund ₹20.01 ₹1.9K Cr Jan–Mar 2026 +19.9%
Best value in each column shown in green. AAUM from latest AMFI quarterly filing. Returns calculated from daily NAV history.
Performance

Fund Returns

Calculated from 1,948 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.

1M / 3M / 6M / 1Y — simple point-to-point return  ·  3Y / 5Y / 10Y — CAGR (compounded annual growth rate)

1 MonthPoint-to-point
+2.9%
3 MonthPoint-to-point
+6.0%
6 MonthPoint-to-point
+7.8%
1 YearPoint-to-point
+13.9%
3 YearCAGR
+25.8% p.a.
5 YearCAGR
+15.6% p.a.
₹1 Lakh → 5YLump sum growth
₹208,404

Best & Worst Periods Ever

Based on all rolling windows in full NAV history. Dates show the start and end of each period.

Best 1Y WindowSimple return
+92.0%
Mar 2020 – Mar 2021
Worst 1Y WindowSimple return
-10.5%
Dec 2021 – Jan 2023
Best 3Y CAGRCAGR p.a.
+36.4% p.a.
Dec 2018 – Jan 2022
Worst 3Y CAGRCAGR p.a.
+13.3% p.a.
Oct 2020 – Nov 2023

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025
-2.0%
2024
+41.2%
2023
+36.1%
2022
-10.5%
2021
+28.6%
2020
+76.8%
2019
+8.1%
Consistency Analysis

Rolling Returns ℹ️ What is this?

Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →

1Y Rolling Avg
26.1%
Positive in 81% of windows
Best: 92.0% · Worst: -10.5%
3Y Rolling Avg
24.0% p.a.
Positive in 100% of windows
Best: 36.4% · Worst: 13.3%
5Y Rolling Avg
24.9% p.a.
Positive in 100% of windows
Best: 34.1% · Worst: 15.8%
1-Year Rolling Returns Each bar = 1Y return starting from that date
Risk Analysis

Maximum Drawdown ℹ️ What is this?

How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.

Max Drawdown Ever
-20.0%
Feb 2020 → Mar 2020
Recovered: Apr 2020 (1 mo)
Current from Peak
-4.0%
All-time Peak: ₹48.48
Peak date: May 2026

How the fund behaved in key crisis periods

Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.

2024–25 Tariff / Correction
-15.9%
Sep 27, 2024 – Apr 7, 2025
Recovered: Jul 2025 (7 mos)
COVID-19 Crash
-20.0%
Feb 19 – Mar 23, 2020
Recovered: Apr 2020 (1 mo)
2022 Rate Hike Cycle
-17.4%
Jan 17 – Jun 17, 2022
Recovered: Jun 2023 (1yr 6mo)
2018 IL&FS Crisis
-10.9%
Aug 28 – Oct 26, 2018
Recovered: Jan 2020 (1yr 9mo)
Risk Metrics

Risk Ratios

Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →

Sharpe Ratio (3Y)
1.45
Return per unit of total risk. >1 is good. Learn more →
Sortino Ratio (3Y)
2.13
Like Sharpe but only penalises downside volatility. Learn more →
Std Deviation (3Y)
14.1%
Annualised monthly volatility. Lower = more consistent returns. Learn more →
📊
Want to see what Mirae Asset Healthcare Fund Direct Growth is actually holding?

Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.

Full current portfolio — all stocks, weights, sectors
New entries and exits over the last 3 months
Sector allocation and month-over-month changes
Updated monthly from official AMC disclosures
See Portfolio Holdings →
← Compare all Equity Funds

See how Mirae Asset Healthcare Fund Direct Growth ranks against other Equity funds on returns, drawdown, Sharpe ratio and AAUM — side by side.

Learn the Metrics
📖 Deep Dive
CAGR, Sharpe, Sortino & Std Dev
What these numbers mean and how to use them
📖 Deep Dive
Drawdown & Rolling Returns
Why these reveal more than any CAGR figure
⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.
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⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.