Bajaj Finserv Asset Management Company (AMC) has launched the Bajaj Finserv Healthcare Fund, a new open-ended equity scheme aimed at tapping into the dynamic growth of India’s healthcare and wellness sectors. The fund opens for subscription on December 6th and will close its New Fund Offer (NFO) on December 20th, 2024.
Targeting long-term wealth creation, the fund predominantly invests in companies across the pharmaceutical, hospitals, diagnostics, and wellness industries. With a minimum investment horizon of five years, it is benchmarked against the BSE Healthcare Total Return Index (TRI). The scheme aims to benefit from the sector’s transformation driven by evolving demographics, rising private healthcare spending, and technological advancements. Ganesh Mohan, CEO of Bajaj Finserv AMC, highlighted, “The healthcare sector is a global growth story. Our fund is designed to capitalize on this and align with the long-term trends in health and wellness.” Nimesh Chandan, CIO at Bajaj Finserv AMC, echoed this sentiment, emphasizing the sector’s potential for sustained returns.
The fund is set to offer flexibility with a minimum investment of ₹500, and will be managed by Nimesh Chandan and Sorbh Gupta for equity, with Siddharth Chaudhary handling the debt portion. In Siliguri, investors are keen on capturing the growth potential. With the region seeing rapid infrastructure development and an increasing healthcare focus, the Bajaj Finserv Healthcare Fund is well-positioned to benefit from the long-term trends in both urban and rural healthcare investments.
