DSP Mutual Fund has launched the DSP Nifty Healthcare ETF, an open-ended scheme replicating the Nifty Healthcare Index. The ETF offers an opportunity for investors to participate in India’s growing healthcare sector, which covers diversified themes such as pharmaceuticals, hospitals, pathology, healthcare research analytics, and technology.
The Nifty Healthcare Index adjusts or rebalances every six months to represent the top 20 stocks from the healthcare sector based on the free float market cap from the Nifty 500 universe. Foreign Direct Investments in healthcare have seen an 8% CAGR increase from FY13 to FY23, with FDI flows increasing in drugs & pharmaceuticals, hospitals & diagnostic centers, and medical & surgical appliances.
The new fund offer for the ETF will open for subscription on January 11th, 2024, and close on January 25th, 2024. Anil Ghelani, CFA, Head – Passive Investments & Products, DSP Mutual Fund, believes that investing in a low-cost, passively managed index fund could help capitalize on the potential growth of the healthcare sector.
