Bajaj Finserv Mutual Fund Announces Launch Of Healthcare Fund

Bajaj Finserv Mutual Fund is to launch the Bajaj Finserv Healthcare Fund, an open-ended equity scheme focused on pharma, healthcare, and allied themes. The New Fund Offer (NFO) will open for subscription on December 6, 2024, and close on December 20, 2024. Post the NFO, the scheme will reopen for continuous sale and repurchase within five business days from the allotment date.

Investment Details

• Minimum Investment: ₹500 for both lump sum and SIP investments.
• SIP: Requires a minimum of six instalments.
• Expense Ratio: Maximum Total Expense Ratio (TER) is capped at 2.25% as per regulatory guidelines.
• Exit Load:
  • 1% of applicable NAV if redeemed or switched out within 3 months of allotment.
  • No exit load after 3 months.

Objective & Investment Strategy

The scheme aims to achieve long-term capital appreciation by investing predominantly in equity and equity-related securities of companies in the healthcare, pharmaceutical, and allied sectors. It will benchmark its performance against the BSE Healthcare Total Return Index (TRI) and will be managed by fund managers Nimesh Chandan, Sorbh Gupta, and Siddharth Chaudhary.

Asset Allocation

• 80-100%: Equity and equity-related securities of healthcare and pharma companies.
• 0-20%: Equity securities outside the healthcare sector.
• 0-20%: Debt and money market instruments.
• 0-10%: REITs and InvITs.

Risk & Suitability

Classified under a “very high” risk category on the riskometer, the scheme is designed for investors seeking long-term wealth creation through equity investments in the healthcare sector.

Subscription Plans & Options

The fund will offer both regular and direct plans, available in growth and IDCW options. Investors can choose between SIPs or a lump sum investment based on their financial goals and flexibility.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.