The equity portfolio value of domestic funds rose to Rs 27.90 lakh crore in September 2023, data from NSDL show, driven by increased investment by local funds that offset the impact of redemption by foreign funds (FPIs).
The performance of the scheme will be benchmarked against S&P BSE Healthcare Index. The scheme will be managed by Nikhil Mathur, Dhruv Muchhal (overseas investments).
Roshi Jain, Senior Fund Manager – Equities, is part of the new face of HDFC MF. Roshi believes that the medium- to long-term outlook for corporate India is robust. Rather than timing markets, she advises systematic investing.
This open-ended equity scheme intends to invest in pharma and healthcare-related companies with a bottom-up approach to stock selection. The new fund offer will close on September 28