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Kotak Mutual Fund has launched Kotak Healthcare Fund, an open-ended scheme that will invest in healthcare-related companies.
The scheme will invest largely in pharma, healthcare, hospitals, diagnostics, wellness and allied sectors and companies involved in research and development, manufacturing, distribution and sales of the entire spectrum of pharmaceutical and healthcare products. The fund will also invest in companies involved in owning/managing hospitals, diagnostic centres and any other industry that support the pharma value chain.
In a press release, Nilesh Shah, MD, Kotak MF said, “The Indian healthcare sector is poised for robust long-term growth driven by domestic demand, rising exports, and the shift from unorganized to organized healthcare services. Changing demographics and lifestyles are also expected to drive healthcare demand. Kotak Healthcare Fund offers investors an avenue to benefit from the structural opportunities in this space.”
Shibani Kurian, Senior EVP, Kotak MF and also the fund manager of the scheme said, " The sector is undergoing a significant transition, driven by rising incomes and greater health awareness reshaping the way Indians prioritise their health. As incomes rise and awareness of health and wellness increases, there is a growing demand for quality healthcare services and products.”
