The fund is designed for investors seeking wealth creation over a long-term horizon (5+ years).
It will primarily invest in equities of companies involved in pharmaceuticals, hospitals, diagnostics, and wellness. The scheme is benchmarked against the BSE Healthcare Total Return Index (TRI).
This fund taps into the growing Indian healthcare sector, which is experiencing a shift driven by changing demographics, rising healthcare spending, and technological innovations. It will invest at least 80% of its assets in companies from sectors covered by the BSE Healthcare TRI.
Ganesh Mohan, CEO of Bajaj Finserv AMC, stated, “The Bajaj Finserv Healthcare Fund offers investors an opportunity to ride the growth wave in healthcare and wellness. With low correlation to broader market movements, it is positioned to align with the global healthcare boom.”
Nimesh Chandan, CIO of Bajaj Finserv AMC, added, “The healthcare sector offers vast potential. By investing in key industry trends, we aim to uncover high-growth opportunities and position investors for long-term success.”
The fund’s equity portion will be managed by Nimesh Chandan and Sorbh Gupta, while the debt portion will be overseen by Siddharth Chaudhary.
The minimum application is ₹500, with additional investments starting at ₹100. An exit load of 1% applies if redeemed within three months.
The fund offers both Growth and IDCW options.
First Published: Dec 4, 2024 12:49 PM IST
