Bajaj Finserv Asset Management Company (AMC) has officially launched the Bajaj Finserv Healthcare Fund, a new open-ended equity scheme aimed at capitalizing on the robust growth within India’s healthcare and wellness sectors. The fund will open for subscription on December 6th and close on December 20th, 2024.
The scheme primarily invests in companies within the pharmaceuticals, hospitals, diagnostics, and wellness industries, with a focus on long-term wealth creation. The fund is benchmarked against the BSE Healthcare Total Return Index (TRI) and targets an investment horizon of five years or more. It aims to invest at least 80% in companies that belong to sectors forming part of the BSE Healthcare TRI, aligning with India’s evolving healthcare landscape.
Ganesh Mohan, CEO of Bajaj Finserv AMC, said, “The healthcare sector is poised for significant growth, and our fund aims to leverage this transformation to deliver long-term benefits to our investors.” Nimesh Chandan, CIO at Bajaj Finserv AMC, highlighted the potential for sustained wealth creation, driven by healthcare megatrends. In Guwahati, healthcare infrastructure is expanding rapidly, driven by rising demand for quality healthcare services. The Bajaj Finserv Healthcare Fund is well-positioned to benefit from the city’s growing healthcare investments, offering investors in Guwahati a promising opportunity to capitalize on the sector’s long-term growth.
