Bajaj Finserv AMC today announces the launch of the Bajaj Finserv Healthcare Fund, an open-ended equity scheme that seeks to create long-term growth by investing in health and wellness-linked sectors. The fund opens for subscription on December 6th, and the New Fund Offer period ends on December 20th, 2024.
The Bajaj Finserv Healthcare Fund is suitable for investors seeking wealth creation potential
over the long term by investing predominantly in equity and equity-related instruments of
companies engaged in pharmaceuticals, hospitals, diagnostics and wellness. It is suitable for an investment horizon of five years or more. The scheme is benchmarked against the BSE Healthcare Total Return Index (TRI).
Ganesh Mohan, CEO, Bajaj Finserv AMC, says, “The Bajaj Finserv Healthcare Fund is a
strategic pathway for investors to leverage the robust growth in the healthcare and wellness space. With a low correlation to the broader market, the healthcare fund has been
strategically positioned to align with the global healthcare boom. The scheme reflects our commitment to delivering new-age investment solutions that resonate with long-term trends and opportunities. The fund will continue to emphasize leveraging informational, behavioral, and quantitative advantages to outperform the market in long term.”
Speaking about the healthcare fund, Nimesh Chandan, CIO at Bajaj Finserv AMC, says, “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 Mr. Nimesh Chandan & Mr. Sorbh
Gupta, while the debt portion will be managed by Mr. Siddharth Chaudhary.