Mumbai: Bajaj Finserv Asset Management Company (AMC) has announced the launch of the Bajaj Finserv Healthcare Fund, an open-ended equity scheme primarily investing in companies linked to the pharmaceutical and healthcare sectors. The New Fund Offer (NFO) opens on December 6 and closes on December 20, 2024.
The fund, benchmarked against the BSE Healthcare Total Return Index (TRI), aims to provide long-term growth by investing in equity and equity-related instruments within healthcare-linked industries, such as pharmaceuticals, hospitals, diagnostics, medical equipment, and wellness. At least 80% of the scheme’s assets will be invested in companies forming part of the BSE Healthcare TRI.
Key Investment Proposition
The healthcare sector in India is undergoing a transformation fueled by shifting demographics, rising healthcare expenditure, and technological advancements. Bajaj Finserv AMC aims to capitalize on these trends, offering investors an opportunity to participate in the growth potential of this dynamic sector.
Ganesh Mohan, CEO of Bajaj Finserv AMC, highlighted the fund’s strategic appeal, stating, “The Bajaj Finserv Healthcare Fund is designed to harness the robust growth in healthcare and wellness. With its low correlation to broader markets, the scheme provides a unique opportunity to align with the global healthcare boom.”
Adding to this, Nimesh Chandan, CIO of Bajaj Finserv AMC, said, “The healthcare sector presents immense potential for wealth creation over the long term. Our fund focuses on uncovering growth stories and megatrends within the industry to ensure sustained investor success.”
Fund Details
• Equity Management: The equity portion will be jointly managed by Nimesh Chandan and Sorbh Gupta.
• Debt Management: Siddharth Chaudhary will oversee the debt portion of the fund.
• Minimum Investment: ₹500 (and in multiples of ₹1). Additional applications start at ₹100.
• Exit Load: 1% if redeemed within three months of allotment.
• Options Available: Growth and IDCW (Income Distribution cum Capital Withdrawal).
The Bajaj Finserv Healthcare Fund is positioned as a long-term wealth creation tool for investors with an investment horizon of five years or more.
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