Bajaj Finserv Asset Management Company (AMC) has announced the launch of the Bajaj Finserv Healthcare Fund, an open-ended equity scheme designed to tap into the fast-growing healthcare and wellness sectors in India. The fund, which opens for subscription on December 6th and closes on December 20th, 2024, aims to create long-term growth by investing primarily in pharmaceuticals, hospitals, diagnostics, and wellness companies.
The fund will be benchmarked against the BSE Healthcare Total Return Index (TRI), focusing on a portfolio that invests at least 80% in healthcare-related sectors. The scheme targets investors with a minimum five-year investment horizon and will be managed by Nimesh Chandan and Sorbh Gupta for the equity portion, while the debt portion will be handled by Siddharth Chaudhary. The fund has a low correlation with broader market trends, making it a strong contender for long-term wealth creation.
In Guwahati, a city witnessing a surge in healthcare infrastructure and private hospital investments, the Bajaj Finserv Healthcare Fund offers promising growth potential. The rise in healthcare demand in the city, fueled by increased health awareness and a growing urban population, positions the fund to benefit from this expanding market. Investors in Guwahati are poised to capitalize on this upward trend, with opportunities for long-term returns in the evolving healthcare landscape.