Listen to this article
Bajaj Finserv Mutual Fund has launched Bajaj Finserv Healthcare Fund, an open-ended equity fund based on the healthcare theme. The fund aims to create long-term growth by investing predominantly in equity and equity-related instruments of companies engaged in pharmaceuticals, hospitals, diagnostics and wellness.
The portfolio of the fund will span a range of sectors including pharmaceuticals, medical research and manufacturing, diagnostics, medical equipment, hospitals, healthcare facilities, and more. The scheme will invest at least 80% in companies which belong to sectors forming part of BSE Healthcare Total Return Index (TRI) and will have the index as its benchmark.
In a press release, Ganesh Mohan, CEO, Bajaj Finserv MF said, "With a low correlation to the broader market, the healthcare fund has been strategically positioned to align with the global healthcare boom. The fund will continue to emphasize leveraging informational, behavioral, and quantitative advantages to outperform the market in long term.”
Nimesh Chandan, CIO, Bajaj Finserv MF said, “The healthcare sector offers immense opportunities and potential for long-term wealth creation. By targeting companies poised to lead future profit pools and investing in key megatrends, we aim to uncover the industry’s growth stories. This approach ensures that our fund not only capitalizes on current opportunities but also positions investors for sustained success in the evolving healthcare landscape.”
The equity portion of the fund will be managed jointly by Nimesh Chandan and Sorbh Gupta while the debt portion will be managed by Siddharth Chaudhary. The minimum application amount is Rs. 500.
