The new fund offer (NFO) of ICICI Prudential Healthcare ETF will open on 6 May 2021 and will close on 14 May 2021.
The ICICI Prudential Mutual Fund has announced the introduction of a Healthcare ETF for investors wishing to invest in the healthcare sector. The new fund offer (NFO) of ICICI Prudential Healthcare ETF will open on 6 May 2021 and will close on 14 May 2021. The scheme is an open-ended exchange traded fund (ETF) with an eye on the Nifty Healthcare Index. It has exposure to major companies in the healthcare sector.
How much can we invest in minimum
The fund is suitable for investors who want to get exposure from the healthcare segment. The minimum investment in NFO can be Rs 1,000. The plan aims to benefit in the same proportion of returns provided by its benchmark Nifty Healthcare TRI Index. The fund will be listed in the NSE and BSE and its units will be available for trading.
20 big companies of healthcare sector will invest
The 20 large healthcare companies of the Nifty Healthcare Index have been included in the fund. This includes Sun Pharmaceutical Industries, Dr. Reddy’s, Divis Labs, Cipla and Apollo Hospitals Enterprise. This index has outpaced the Nifty 50 index in 6 out of the last 10 calendar years.
ICICI Prudential MMC MD & CEO Nimesh Shah said, ICICI Prudential Healthcare ETF offers an opportunity to invest in securities in the healthcare sector. Given the growing health problems, lifestyle choices and epidemic outbreaks, the healthcare sector is expected to grow steadily in the coming decade.
He also said, in view of the large population of India, there will always be a need for better health facilities. Therefore, it is a good option for sector investment.
How to invest
The ETF comes as the first NFO. Then they are listed in the stock market. NFO is the new scheme of an asset management company. Through this, a mutual fund company raises money from investors to invest in instruments such as shares, government bonds. ETFs are traded on the stock market through a trading portal or stockbroker.