DSP Mutual Fund has launched an open-ended thematic fund called DSP Healthcare Fund which opens for subscription on November 12, 2018 and closes on November 26, 2018.
The fund can invest up to 25% in international healthcare stocks and aims to benefit from three major growth drivers in India – growing demand, export opportunities and a conducive policy environment.
According to the fund house, government policy measures like Ayushman Bharat is expected to insure close to an additional 40 crore people, to add to around 30-40 crore people who are currently insured in India. This is expected to generate volume growth for the private sector including hospitals, diagnostics, pharmaceutical companies & medical insurance. The Government is expected to invest close to Rs 35,000 crore by 2025 in the sector.
The benchmark for the fund will be the S&P BSE Healthcare Index. The fund will be managed by Aditya Khemka and Vinit Sambre while Jay Kothari would be the dedicated fund manager for overseas investments. The fund will carry an exit load of 1% if redeemed within 12 months.
