Bandhan BSE Healthcare Index Fund NFO Details | NFO Update | Finance Fit
Bandhan BSE Healthcare Index Fund NFO Details | NFO Update | Finance Fit
The Bandhan BSE Healthcare Index Fund is an open-ended scheme that tracks the BSE Healthcare Index. The NFO opens on August 21 and closes on September 3, 2024. The fund, managed by Nemish Sheth, is benchmarked against the BSE Healthcare TRI. The minimum lump-sum investment is ₹1,000, with further investments in multiples of ₹1. For SIPs, the minimum is ₹100, with a minimum of six installments.
The fund will allocate 95-100% of its assets to companies in the BSE Healthcare Index, which covers sectors like pharmaceuticals, hospitals, medical equipment, and biotechnology. It aims to capture the growth of India's healthcare sector, which has seen significant expansion due to rising incomes, increased health awareness, and lifestyle diseases.
India's healthcare sector is growing rapidly, driven by demand for better healthcare services, government initiatives, and a strong pool of medical professionals. This fund offers a way for investors to tap into this sector's potential without selecting individual stocks.
The exit load is 0.25% if redeemed within 15 days, and there is no exit load after that. This NFO is suitable for seasoned or long-term investors looking for exposure to the healthcare sector. Please consult an expert before investing.
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