Kotak Mahindra Asset Management Company Ltd (KMAMC) today announced the launch of Kotak Healthcare Fund, an Open-Ended Scheme that will invest in Pharma, Healthcare & allied sectors. The scheme opens for public subscription on November 20, 2023 and closes on December 4, 2023.
The fund will offer investors with an opportunity to invest in the country’s healthcare potential. The structural growth story would be led by the rising demand for evolving healthcare needs due to the changing population dynamics such as an aging population and lifestyle shifts. India holds a strong position in the global healthcare space with its manufacturing and service capabilities. Together, these factors create a compelling case for investors seeking to benefit from the healthcare industry.
With this Fund, KMAMC aims to generate long term capital appreciation through investing in a diversified portfolio of healthcare-related stocks in pharma, healthcare, hospitals, diagnostics, wellness and allied sectors. The scheme may also invest in companies involved in R&D, manufacturing, distribution and sales of the entire spectrum of pharmaceutical and healthcare products, companies involved in owning/managing hospitals, diagnostic centres, and any other industry or services that directly or indirectly supports the pharma value chain. Additionally, the scheme may look to invest in new and emerging areas of healthcare. The fund would be agnostic to market capitalization and may take concentrated exposure to certain stocks.
The scheme opens for public subscription on November 20th, 2023 and closes on December 4th, 2023. Investors can invest a minimum amount of Rs 5,000 and subsequently in multiples of Re.1 for purchase and Re 0.01 for switches during the NFO period.
Nilesh Shah, Managing Director, KMAMC said, “We are offering the Kotak Healthcare Fund to provide our investors with an opportunity to participate into India's healthcare sector. The Indian healthcare sector is poised for robust long-term growth driven by domestic demand, rising exports, and the shift from unorganized to organized healthcare services. Changing demographics and lifestyles are also expected to drive healthcare demand. Kotak Healthcare Fund offers investors an avenue to benefit from the structural opportunities in this space.”
Shibani Kurian, Senior Executive Vice President, KMAMC said, "The fund provides investors an opportunity to participate in the immense potential of India's healthcare industry. The sector is undergoing a significant transition, driven by rising incomes and greater health awareness reshaping the way Indians prioritise their health. As incomes rise and awareness of health and wellness increases, there is a growing demand for quality healthcare services and products.” More details are available on the Kotak MF Healthcare Fund website.