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HDFC Mutual Fund has launched HDFC Pharma and Healthcare Fund, an open-ended equity scheme that will invest in pharma and healthcare related companies.
Pharma and healthcare related companies includes basic industries like pharmaceuticals, hospital, healthcare service provider, healthcare research, healthcare analytics & technology, medical equipment and supplies.
In a press release, Nikhil Mathur, Fund Manager and Senior Equity Analyst, HDFC MF said “India will continue to command leadership in global pharmaceutical supplies on the back of low-cost manufacturing, ready pool of scientists and track record of meeting stringent quality requirements. Meanwhile on the domestic market front, rising awareness towards health is a key growth driver for the long term.”
