Axis Healthcare ETF: The new wave came out again in March, after which the pharma sector has once again wooed investors.
The Indian health sector was under-performing for a long time. However, after the arrival of Corona in March 2020, this sector is showing tremendous boom. However, after December 2020, the correction was visible in it. In March this year, again a new wave came out, after which once again the pharma sector has wooed investors.
Axis Mutual Fund launched Axis Healthcare Exchange-Traded Fund (ETF) on 30 April, keeping in mind the increasing demand in the health care sector. It is going to close on 10 May. It will track the Nifty Health Care Index as well as Jinesh Gopani, Equity Head of Axis AMC, will manage it. Regarding this fund, Axis Mutual Fund says that the health care sector is gradually strengthening its foothold in the domestic market. ICICI Prudential Asset Management has also decided to launch healthcare ETF in May.
Have to invest at least 5000
Here the biggest question arises that after investing in this fund, where will your money be invested. As mentioned earlier, the money will be invested in 20 companies of Nifty Healthcare sector by investing in this mutual fund. This means that the fund manager will not make up his mind, rather the company which will have a weightage will invest in all the companies accordingly. At least 5000 rupees can be invested in it.