Mutual Fund Update: Top pharma fund
Despite the poor performance of the S&P healthcare index and the underperformance of the pharma category some of the fund houses see this sector as an opportunity and are coming up with NFOs in this sector. Recently, Mirae Assets has come up with a NFO in the thematic funds with the healthcare fund which will open in the month of June.
This inspired us to analyse the pharma sector funds and their performance in the last one year. The pharma funds had previously in the year of 2014 has given stellar returns to investors, but post-2014 these funds have lost their shine. The last couple of years were tough for the sector which has dragged the performance of the category. The category Equity-pharma has given returns of 0.43 per cent in the last one year. Let's see how these fund categories performed.
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)
From the above table, we can clearly see that in the last one year, except Reliance pharma fund, no other fund has managed to even beat the category. The fund has outperformed the benchmark and category with a large difference. So this was something that made us more curious and forced us to analyse the key reasons behind it. So we analysed the portfolio of the scheme. The scheme follows a focused approach and invests around 40 per cent in its top 5 holdings.
The top five holdings of the scheme include Divi's Laboratories with 11.76 per cent which has the highest allocation, followed by Abbott India with 10.34 per cent holding, Cipla with 9.55 per cent, Sun Pharmaceuticals with 9.22 per cent and Sanofi India 8.86 per cent. In the portfolio of the scheme, there are many outperformers like Divi’s Lab which has given a return of around 87 per cent and Biocon which have given a return of more than 100 per cent owing to which fund has managed to outperform.