IDBI Mutual Fund has launched IDBI Healthcare Fund, an open-ended sectoral equity scheme.
The scheme will predominantly (minimum 80% of the portfolio) invest in companies engaged in healthcare and allied sectors.
Speaking about the NFO, Dilip Mandal, MD and CEO, IDBI MF said in a press release, “Healthcare is one of the India’s largest sectors in terms of revenue and employment. Total security
pends in this sector is still very low compared to other countries. Government’s keen focus on healthcare through schemes like Ayushman Bharat and rise of new growing & underpenetrated segments like health insurance, hospitals and diagnostic companies may help this sector grow well over next 5-10 years. This scheme is designed keeping in mind long term investors with risk appetite who want to avail the benefit of growing healthcare and allied sectors.”
Uma Venkatraman will manage the scheme. S&P BSE Healthcare - Total Return Index (TRI) will be the scheme’s benchmark.