Earn a lot of Money in this Corona Crisis , This Fund will Change your life

Advertisement

The one sector that has benefited the most during the Corona period is healthcare. Shares of companies in this sector have given fierce returns. In view of this, ICICI Prudential Mutual Fund has announced to launch 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. It will close on 14 May 2021. The scheme is an open-ended exchange traded fund (ETF) tracking the Nifty Healthcare Index. Exposure of major companies in the healthcare sector is found in this.

One can invest minimum Rs 1,000 in NFO, according to the fund, minimum investment in NFO can be invested 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 on the NSE and BSE and its units will be available for trading.

Earn a lot of Money in this Corona Crisis , This Fund will Change your life

Advertisement

Strong growth in healthcare sector in the coming decade

Speaking at the launch of the product, Nimesh Shah, MD & CEO of ICICI Prudential AMC, said, ‘Given the growing health problems, lifestyle choices and epidemic outbreaks, the healthcare sector is likely to grow steadily in the coming decade. . Also, given the large population of India, the need for better health facilities will always be a constant necessity. Therefore, this area provides a good investment opportunity. ‘

The Nifty Healthcare Index includes 20 fast-growing Indian healthcare companies. It has the top five names in Sun Pharmaceutical Industries, Dr. Reddy’s Laboratories, Disease Laboratories, Cipla and Apollo Hospitals Enterprise Index. This index has outpaced the Nifty 50 index in 6 out of the last 10 calendar years.

What is nfo

NFO means new fund offer is a new scheme started by an asset management company. Through this, AMC raises money from common people to invest in shares, government bonds and increases the investors’ money by getting good returns on it.

Advertisement

Leave A Reply

Your email address will not be published.