Mirae Asset Global Investments (India) has launched Mirae Asset Healthcare Fund. The NFO of the fund will be open from June 11, 2018 to June 25, 2018.

Mirae Asset Healthcare Fund is an open-ended equity scheme investing in healthcare and allied sectors. The scheme will invest in Indian equities and equity related securities of companies that are likely to benefit either directly or indirectly from healthcare and allied sectors. The investment strategy of this scheme aims to maintain a concentrated portfolio of 30-40 stocks.

Healthcare is a broad secular theme that includes pharma, hospitals, diagnostics, insurance and other allied sectors. The fund will have the flexibility to invest across markets capitalization and style in selecting investment opportunities within this theme. Neelesh Surana and Vrijesh Kasera will manage this fund.

In a press release, Swarup Mohanty, CEO, Mirae Asset Global Investments (India) said, "Mirae Asset is enhancing its product basket to provide varied investment solutions for its investors and partners. The launch of Mirae Asset Healthcare fund is a step in the same direction. We are confident of the long term prospects for investors in this fund."

Neelesh Surana, CIO - Equities, Mirae Asset Global Investments said, "The healthcare opportunity is secular and large, and valuations are reasonable owing to consolidation in the recent past. Mirae Asset Healthcare Fund could help investors build an exposure which is complementary to their existing allocation and may have an attractive potential over the long-term."