Funding Alert

Kotak Mutual introduces fund targeting healthcare investments

• ByStartupStory     |    November 21, 2023

Kotak Mahindra Mutual Fund has introduced the Kotak Healthcare Fund as part of its new fund offers. The fund, open for public subscription from November 20, 2023, until December 04, 2023, focuses on investments in pharma, healthcare, and allied sectors. After closure, it reopens for continuous sale and repurchase on or before December 18, 2023.

This open-ended equity scheme primarily invests in equity and equity-related securities of companies operating in pharma, healthcare, and allied sectors. Targeting long-term capital growth, it caters to investors seeking exposure to these industries.

Shibani Kurian, Senior Executive Vice President at KMAMC, highlighted, “The fund presents an opportunity for investors to tap into India’s burgeoning healthcare industry, driven by increasing incomes and enhanced health consciousness among Indians.”

The fund’s primary objective is to attain long-term capital appreciation by investing in pharmaceutical, healthcare, and related sectors. Nilesh Shah, Managing Director at KMAMC, emphasized, “The Kotak Healthcare Fund aims to leverage India’s evolving healthcare landscape, fueled by growing domestic demand, expanding exports, and the transition towards organized healthcare services.”

With changing demographics and lifestyles shaping healthcare demands, the fund intends to provide investors with a gateway to capitalize on the structural opportunities embedded in this sector. However, it’s essential to note that the scheme’s success in achieving its objective is not guaranteed.

 

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