Business News Desk – PGIM India Mutual Fund today launched its new fund offering PGIM India Healthcare Fund. It is an open-ended equity scheme that invests in equity and equity-linked securities of healthcare and pharmaceutical companies. The benchmark of this fund is BSE Healthcare TRI.
1. The New Fund Offer (NFO) is opening for public subscription on November 19, 2024 and investments can be made till December 3, 2024. The scheme will reopen for continuous sales and purchases on December 11, 2024. Ajit Menon, CEO, PGIM India Asset Management, says the PGIM India Healthcare Fund offers investors an attractive opportunity to earn profits by investing in India’s fast-growing healthcare sector.
2. Investors will benefit from investing in this fund due to low cost, innovation, increasing awareness for health insurance, increasing FDI inflows and ever-growing medical tourism and many other factors. He believes that the best investment anyone can make is in their health. The next best investment is to protect yourself and your family with health/health insurance and invest in healthcare, which is a structural matter. (Life Certificate: If life certificate is not submitted by 30th November, what will happen to your pension, know complete information)
3. Vinay Pahadia, CIO, PGIM India Asset Management, says that we are hopeful that the healthcare sector will greatly benefit from India’s growth story going forward. The sector is likely to see several favorable conditions, such as stable and growing domestic demand, strong pricing power, better export potential due to India’s competitive advantage and the China +1 strategy being adopted by global pharma.”
4. The scheme will invest at least 80 per cent in shares of pharmaceutical and healthcare companies, up to 20 per cent in other equities, debt and money markets, up to 10 per cent in REITs and InvITs and up to 20 per cent in foreign securities, including foreign ETFs. Are.
5. The fund may consider investing in various sectors within the healthcare industries including healthcare services and healthcare manufacturing. Healthcare services include pharmacy, diagnostics, hospitals and health insurance. Healthcare manufacturing includes CRAMS (contract research and manufacturing services), medical devices, specialty chemicals, formulations and APIs (active pharmaceutical ingredients).
6. Anand Padmanabhan Anjaneyan, senior fund manager – equities, PGIM India Asset Management, says price changes do not have much impact on demand. Which leads to better pricing power, especially in an inflationary environment. This provides the investor with an opportunity to grow his capital in the long term.
7. The portfolio will be constructed using a combination of top-down and bottom-up portfolio construction process, focusing on the fundamentals of each stock, including the quality of management. The equity portion of the scheme will be managed by Anand Padmanabhan Anjaneyan, Vivek Sharma and Utsav Mehta while the debt portion will be managed by Punit Pal.
8. What makes healthcare an evergreen theme? A multi-decade structural theme benefiting from increasing FDI inflows and government spending.
Benefit from increased government spending, which is projected to reach 2.5% of India’s GDP by 2025. (Source: www.ibef.org)
Benefit from the growing demand for medical services driven by growing population, rising health awareness and increased government spending.
AI-based diagnostics, med-tech, telemedicine, shift to preventive healthcare, medical tourism and other emerging trends augur well for the sector.
Healthcare is a subject that is considered relatively safe even in an economic recession.
Diversified investment opportunities in healthcare and allied sectors.
Benefit from rising income levels and changing mindsets toward preventive healthcare.
9. Key Features- Initial purchase/switch-in: Minimum of Rs 5,000 and in multiples of Rs 1 thereafter. Additional purchases: Minimum of Rs 1,000 and in multiples of Rs 1 thereafter.
Redemption: Rs 1,000 and in multiples of Re 1 or account balance, whichever is lower. SIP: Minimum of 5 installments and minimum amount for each installment of Rs 1,000 and in multiples of Rs 1 thereafter.
10. Exit Load – For each purchase of units through lump sum/switch-in/Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP):