PGIM India Mutual Fund has introduced the PGIM India Health Care Fund, an open-ended equity scheme.
This fund focuses on investing in healthcare and pharmaceutical companies, offering an opportunity to grow your wealth while supporting India’s expanding health sector.
Investment Details and Timeline
Opening Date: November 19
Closing Date: December 3
Continuous Trading: Available from December 11
This fund will allocate at least 80% of investments in shares of healthcare and pharmaceutical companies.
The remaining 20% may be invested in money markets, REITs, InvITs, foreign securities, and overseas ETFs.
Benefits of Investing in the Healthcare Sector
India’s healthcare sector, including medical tourism, is rapidly growing.
With more international patients seeking treatment in India, there is significant potential for expansion in healthcare and pharmaceutical industries.
This fund enables investors to participate in these growth opportunities.
How Much to Invest
Initial Investment: Minimum of Rs 5,000, followed by multiples of Rs 1.
Additional Purchases: Minimum Rs 1,000.
Systematic Investment Plan (SIP): Minimum 5 installments, each worth at least Rs 1,000.
Withdrawals: Can be made in multiples of Rs 1,000 or the available balance, whichever is lower.
Exit Load and Lock-in Period
Your investment will be locked for 90 days. If you withdraw before the 90-day period, a 0.50% exit load will be charged. After 90 days, you can withdraw without any charges.
The PGIM India Health Care Fund offers a promising opportunity for investors to benefit from India’s flourishing healthcare sector while diversifying their portfolio.
Why Invest in This Fund?
The healthcare sector in India is expanding rapidly, and investing in this fund could help you take advantage of this growth.
India is seeing an increase in health tourism, with more people from other countries coming here for medical treatment.
This is creating opportunities for companies in the healthcare and pharmaceutical industries.
