Mumbai, Nov (IEBusiness) DSP Investment Managers Pvt. Ltd. announced the launch of DSP Healthcare Fund, an open ended scheme investing in the healthcare and pharma sector.
The fund would be predominantly investing in equity and equity related securities of healthcare and pharmaceutical companies with some portfolio allocation to foreign securities.
The NFO will open on November 12 and close on November 26, 2018.
DSP Healthcare Fund may invest up to 25 percent in international healthcare stocks, especially large US companies, thereby giving investors access to international diversification as well.
DSP Healthcare Fund aims to benefit from three major growth drivers in India- growing demand, export opportunities and a conducive policy environment.
The Indian Healthcare sector is witnessing growing demand, driven by rising incomes and affordability.
Growing elderly population, changing disease patterns, rise in medical tourism and better awareness of wellness, preventive care and diagnosis, are factors that are expected to contribute to the demand.
Export opportunities are expected to increase after the bottoming out of the US pricing cycle, opening up of Chinese market, which is the second largest pharma market in the world, and dedicated R&D to create patented revenues in exports.