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• The wealth of a nation relies on the health of its people – History has proven this time and again.
• The most recent being the pandemic which hindered economic activitiy, causing the Indian economy to contract by 24% in the first quarter following the outbreak.
• Healthcare are required by us at almost every stage of life – from birth to death. This makes the sector vital to the people and the economy.
• With a growing population that remains largely underpenetrated combined with sectoral measures, the growth of the Indian healthcare sector is inevitable.
Grew 6x times over 12 years & expected to continue this ‘double-digit’ growth trajectory
What’s working for the Indian Healthcare sector?
• With a vast universe of pharma and healthcare stocks to choose from, passive investing on an ETF model can be a good route for investors.
• An ETF is a type of mutual fund that invests its portfolio in the same securities and in the same proportion as that of an underlying index, while being listed and traded akin to a share.
• An ETF based on the Healthcare Index offering the benefits of both mutual fund and stock trading, can be a good option to capitalise on the potential growth of the healthcare sector.
• An open-ended ETF tracking the Nifty Healthcare TR Index.
• Its objective is to provide returns that closely correspond to the total returns as represented by the NIFTY Healthcare TR Index, subject to tracking errors.
• The NIFTY Healthcare Index is designed to capture and reflect the behavior and performance of ‘across-the-board’ healthcare companies.
• It comprises of a maximum of 20 tradeable, NSE listed companies that are engaged in the healthcare field such as pharma, hospitals, medical devices and supplies, laboratories and diagnostics, medical insurance etc.
• This fund follows a passive investing model – the index is rebalanced on a quarterly basis and reconstituted on a semi-annual basis.
• Being an ETF, it will be listed on the Indian stock exchange and its units can be bought and sold at real time prices akin to trading of a share.
• Access to promising healthcare sector: India is an emerging global health hub ripe with opportunities – this fund gives you access to the top companies of this growing sector..
• Diversification across core & sunrise sub-sectors : The fund follows a ‘natural selection process’, allowing the NIFTY Healthcare Index to choose the best in the sector while diversifying across all healthcare sub-sectors.
• Affordable: Access to diversified portfolio at low minimum investment of Rs. 500/- and in multiples of Rs. 100/- thereafter during the New Fund Offer period.
• Passive investing strategy : A passive investing strategy makes this fund available at lower costs and with lower active stock selection risk
• High liquidity & ease of trading: Being a predominantly large cap fund, its portfolio is reasonably liquid. Also, being an ETF, it can be traded just like stocks at real time prices by investors.
• Tax efficiency : Being an equity-oriented fund, investors get beneficial tax rate of 15% on short term capital gains and 10% (above 1 lac) on long term capital gains earned on redemption of this fund.