IDBI Mutual Fund has announced a New Fund Offer (NFO) for IDBI Healthcare Fund. The NFO period begins on February 8, 2019 and will end on February 28, 2019. This sectoral/thematic scheme aims to provide long term capital appreciation to its investors by primarily investing in equity instruments of companies belonging to the healthcare and allied sectors.
Asset Allocation of IDBI Healthcare Fund
The IDBI Healthcare Fund will allocate its funds to different asset classes in the following manner:
| Asset Class | Asset Allocation | |
| Minimum | Maximum | |
| Equity and equity related instruments of companies engaged in healthcare
and allied sectors |
80% | 100% |
| Equity and equity related instruments of companies engaged in other than healthcare and allied sectors | 0% | 20% |
| Debt and money market instruments including mutual fund liquid
schemes |
0% | 20% |
| Units issued by REITs and InvITs | 0% | 10% |
This sectoral scheme will not invest in securitized debt, American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and foreign securities.
Benchmark of IDBI Healthcare Fund
The IDBI Healthcare Fund will be benchmarked against S&P BSE Healthcare (TRI). The S&P BSE Healthcare Index provides investors with a benchmark which reflects the performance of S&P BSE listed companies operating in the healthcare sector. The following are the returns data for the benchmark
| Index | 1 Year Returns | 3 Year Returns | 5 Year Returns |
| S&P BSE Healthcare (TRI) | -5.35% | -5.73% | 7.50% |
(Data as on December 31, 2018; Source: Pulse Labs)
Fund Manager of IDBI Healthcare Fund
The IDBI Healthcare Fund will be managed by Ms. Uma Venkatraman. Other schemes currently managed by Ms. Venkatraman include IDBI Small Cap Fund and IDBI Equity Savings Fund. The returns of these two schemes are as follows:
| Mutual Fund Scheme | 1 Year Returns | 3 Year Returns | 5 Year Returns |
| IDBI India Top 100 Equity Fund | -5.92% | 6.95% | 12.16% |
| IDBI Hybrid Equity Fund | 1.93% | 3.92% | 6.15% |
(Data as on December 31, 2018; Source: Pulse Labs)
Key information about the IDBI Healthcare Fund NFO
| NFO period | February 8, 2019 – February 28, 2019 |
| Minimum application amount | Lump Sum – Rs. 5,000 Monthly SIP – Rs. 500 per month (minimum instalments: 12) or Rs. 1,000 per month (minimum instalments: 6) Quarterly SIP – Rs. 1,500 per quarter (minimum instalments: 4) |
| Exit load | Nil – For exit after 12 months from the date of allotment
1% – For exit on or before 12 months from the date of allotment |
| Benchmark | S&P BSE Healthcare (TRI) |
| Fund Manager | Uma Venkatraman |
Dated: February 08, 2019
