Axis Mutual Fund has launched Axis Healthcare ETF. The new fund offer (NFO) will open on April 30.
It will allow investors to access the healthcare sector. The fund will be managed by Jinesh Gopani, Head – Equity, Axis AMC.
"The new fund offer is suitable for investors who are seeking, long-term wealth creation solution through targeted sectoral exposure to the healthcare sector and seeks to track returns by investing in a basket of NIFTY Healthcare Index stocks with an aim to achieve returns of the stated index," states the release.
It comprises the 20 largest healthcare-oriented companies by free-float market capitalization and has the ability to take exposure across the entire healthcare value chain including – hospitals, diagnostics players, pharmaceutical manufacturers and R&D players. India’s healthcare industry has achieved global recognition for its capabilities and strong knowledge base and has strong continued growth potential.
ETFs let investors invest at real-time prices as opposed to end-of-day price by sector funds. It protects investments from the inflows and outflows of short-term investors.
The minimum investment is Rs 5,000.
