Bajaj Finserv Healthcare Fund NFO open for subscription. Important things to know

Bajaj Finserv Mutual Fund has launched its healthcare fund. Bajaj Finserv Healthcare Fund is an open-ended equity scheme following pharma, healthcare and allied themes.

The new fund offer or NFO of the scheme will open for subscription on December 6 and close on December 20. The scheme will reopen for continuous sale and repurchase within five business days of the allotment date.

The scheme will be managed by Nimesh Chandan, Sorbh Gupta, and Siddharth Chaudhary and will be benchmarked against the BSE Healthcare Total Return Index (TRI).

The minimum application amount for lumpsum and SIP investment is Rs 500 and in multiples of Re 1 thereafter with a minimum of six installments for SIP investment.

If units are redeemed/switched out within 3 months from the date of allotment, an exit load of 1% of applicable NAV will be payable. If units are redeemed/switched out after 3 months from the date of allotment, no exit load is payable.

The sectoral fund will allocate 80-100% in equity and equity- related securities of pharma, healthcare and allied companies, 0-20% in equities and equity-related securities of other than pharma, healthcare and allied companies, 0-20% in debt and money market instruments and units of mutual fund schemes, and 0-10% in units issued by REITs and InvITs.

The scheme is suitable for investors seeking wealth creation over the long-term and want to invest predominantly in equity and equity-related instruments of pharma, healthcare and allied companies.