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Motilal Oswal has launched Motilal Oswal S&P BSE Healthcare ETF, an open-ended scheme that will replicate the S&P BSE Healthcare Total Return Index.
The fund will have exposure to pharmaceuticals, hospitals, diagnostic, medical equipment and other healthcare companies across the market capitalisation.
In a press release, Navin Agarwal, MD & CEO, Motilal Oswal MF said, “The pandemic has reinforced the importance of healthcare facilities in India. Government’s plan to ramp up spending and provide healthcare facilities to the economically weaker section will also boost the domestic healthcare sector.”
Pratik Oswal, Head of Passive Funds, Motilal Oswal MF added, “Historically healthcare as a sector is considered as defensive play and it has experienced lower drawdowns. Also, unlike cyclical sectors, demand for healthcare is resilient and less impacted by economic swings.”
The NFO is open for subscription from July 14 to July 22.
