Jinesh Gopani India experts economy Jinesh Gopani India

Should you go for pharma funds amid fresh spike in covid cases?


investors moved to cyclicals as the economy opened up. The fresh spike in cases has again made the case for tactical allocation to healthcare.To ride the trend, Axis Mutual Fund on Friday launched Axis Healthcare Exchange-Traded Fund (ETF).

The open-ended ETF, which will close on 10 May, will track the Nifty Healthcare Index, and will be managed by Jinesh Gopani, head of equity, Axis AMC.According to Axis MF, the healthcare sector is at the cusp of building its domestic footprint after capturing significant economic interest and credibility in overseas markets.This month, ICICI Prudential Asset Management Co.

Ltd is also planning to launch a healthcare ETF, which will track the Nifty Healthcare Index.The index comprises the 20 largest.

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