Three mutual fund NFOs or new fund offers are open for subscription this week. Kotak Healthcare Fund, DSP Banking & Financial Services Fund are open for subscription. Bajaj Finserv Balanced Advantage Fund will open for subscription later this week.
Kotak Healthcare Fund is being launched in the background of healthcare funds returning an average of 25 percent in the last one year. While this sectoral fund category has delivered good returns over long-term periods, timing is key, as pharma funds can see cycles of underperformance.
Kotak Mahindra Mutual Fund announced the launch of the Kotak Healthcare Fund. The scheme opened for public subscription on November 20, 2023, and will close on December 04, 2023.