NFO Alert: Kotak Mahindra Mutual Fund launches Kotak Healthcare Fund; all you need to know

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₹5000 per plan/option and in multiples of Re 1. There is no upper limit for investment.

Under normal circumstances, the asset allocation of the scheme will be as follows:Indicative allocations (% of total assets)MinimumMaximumEquity and equity-related securities of companies engaged in Pharma, healthcare & allied sectors80%100%Very HighOther equity and equity-related securities of companies0%20%Very HighOverseas mutual funds schemes / ETFs / Foreign securities0%20%Very HighDebt and money market securities0%20%Low to ModerateUnits of REITs & InvITs0%5%Very High To date, many asset management companies (AMCs) have launched such healthcare funds, thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular index. These include:Mutual Fund HouseName of the Fund10-year returns (in %)DSP Mutual FundDSP Healthcare Fund-SBI Mutual Fund SBI Healthcare Opportunities Fund15.91UTI Mutual FundUTI Healthcare Fund14.33Aditya Birla Sun Life Mutual FundAditya Birla Sun Life Pharma & Healthcare Fund-ITI Mutual FundITI Pharma & Healthcare Fund-Mirae Asset Mutual FundMirae Asset Healthcare Fund-ICICI Prudential Mutual FundICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund-IDBI Mutual FundIDBI Healthcare Fund Quant Mutual FundQuant Healthcare Fund-LIC Mutual FundLIC MF Healthcare Fund-HDFC Mutual FundHDFC Pharma and Healthcare Fund- The performance of the scheme is measured against Nifty Healthcare Index (Total Return Index).

The Nifty Healthcare Index is designed to reflect the behaviour and performance of healthcare companies. The Nifty Healthcare Index comprises of maximum of 20 tradable, exchange-listed companies.