Explore the Bajaj Finserv Healthcare Fund NFO, an open-ended thematic equity scheme focusing on the healthcare sector. Subscriptions open from December 6 to December 20, 2024.
Bajaj Finserv Mutual Fund has launched the Bajaj Finserv Healthcare Fund, a new fund offering (NFO) designed for long-term wealth creation. This scheme primarily focuses on the pharmaceutical, healthcare, and allied sectors, providing investors with a targeted opportunity in a fast-growing domain.
Objective of the Scheme
The primary objective of the Bajaj Finserv Healthcare Fund is to generate long-term capital appreciation by predominantly investing in equity and equity-related securities of companies operating in the pharmaceutical, healthcare, and allied sectors.
Key Features and Details
- Name of the Scheme: Bajaj Finserv Healthcare Fund
- Type of Scheme: Open-ended equity scheme following a thematic approach
- Category: Thematic Fund
- Benchmark Index: BSE Healthcare Total Return Index (TRI)
- Riskometer: High-risk category; suitable for investors with a high-risk appetite.
Fund Investment Strategy
The fund aims to allocate:
- 80-100% of its assets to equity and equity-related securities within the pharma and healthcare sector.
- 0-20% in other equity securities or debt instruments.
- It may also include up to 10% exposure to REITs and InvITs.
The scheme will consider a diversified portfolio across market capitalizations while leveraging growth in the healthcare ecosystem.
Fund Managers
- Nimesh Chandan: Chief Investment Officer, Equity
With over 23 years of experience in Indian capital markets, Mr Chandan has held leadership roles at Canara Robeco Asset Management, ICICI Prudential Asset Management, SBI Asset Management, and Aditya Birla Sun Life AMC.
- Sourabh Gupta: Senior Fund Manager, Equity
Bringing over 16 years of experience, Mr Gupta has previously worked at Quantum Asset Management Company and other reputed financial firms.
- Siddharth Chaudhary: Senior Fund Manager, Fixed Income
With extensive experience in fixed income, Mr Chaudhary joined Bajaj Finserv Asset Management in 2022. He has served as Head of Fixed Income at Sundaram AMC and as Senior Manager in the Treasury Department at Indian Bank.
Subscription Details
- NFO Period: Opens on December 6, 2024, and closes on December 20, 2024.
- Re-opening Date: Within 5 business days of allotment.
- Minimum Investment: ₹500 for lump sum or SIP, with increments of ₹1.
- Entry Load: None
- Exit Load: 1% if redeemed within 3 months; none after that.
- Plans Available: Regular and Direct Plans
- Options: Growth and Income Distribution cum Capital Withdrawal (IDCW) with payout and reinvestment facilities.
- NAV Disclosure: Published daily on the AMC’s website and AMFI platforms.
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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.
