Aditya birla sun life launched mutual fund nifty healthcare ETF you can invest 500 rupees check details varpat – Mutual Fund

New Delhi. Aditya Birla Sun Life Mutual Fund has launched Nifty Healthcare ETF. It is an open ended exchange traded fund (ETF). It will track the Nifty Healthcare TRI (Total Return Index). The New Fund Offer (NFO) is open on 8 October and will close on 20 October.
The objective of this scheme is to seize the opportunity in the healthcare sector and increase the investment of investors over the long term. The Aditya Birla Sun Life Healthcare ETF will help investors gain access to a well-diversified index and its associated sectors that have strong growth performance potential and form a core of the economy.

Contains up to 20 traded stocks
The Nifty Healthcare Index consists of a maximum of 20 trading stocks. It has an allocation to exchange listed companies and well diversified sub-sectors. It consists of companies involved in the business of pharma, hospitals, medical devices and supplies, laboratories and diagnostics as well as medical insurance. The method of free float market capitalization is adopted in this index. It is re-elected every half.

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Know what the company said?
Aditya Birla Sun Life Asset Management MD&CEO A. Balasubramanian said that healthcare is one of the major sectors in India in terms of revenue, export and employment generation. Its growth reflects the performance of healthcare companies in the market. The Nifty Healthcare index has risen more than 9 times from its base date. Whereas Nifty has increased 8 times in the same time. It has given more than 10% returns in 3 and 10 years.
He added that as it is a passive fund, it reduces the cost of investment and meets the requirements of stock selection. Healthcare ETFs are an easy way for investors to join the growth journey of this sector. The healthcare sector acts as the foundation for a healthy economy.

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You can invest with as little as Rs 500
According to the 2021 report of NITI Aayog, the size of growth in the pharma sector can be Rs 12.88 lakh crore by 2030 from Rs 4.84 lakh crore now. The reason for this is rising income, more health awareness and access to insurance. The government aims to increase healthcare spending to 2.5% of GDP by 2025. Also make India a global healthcare hub.
All this means that the healthcare sector is well positioned for strong growth. Aditya Birla Sun Life’s Healthcare ETF is giving investors an option to benefit from this sector over the long term. One can invest in this for a minimum of Rs 500 and then in multiples of Rs 100.