Presenting Aditya Birla Sun Life Nifty Healthcare ETF
• 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.