Top 5 Mutual Funds to Invest in Your Well being (and Portfolio)

Top 5 Mutual Funds to Invest in Your Well being (and Portfolio)

Written by Watchdoq Newsportal. July 05, 2024

The healthcare sector in India is booming! From cutting-edge medical advancements to a growing population with rising health awareness, the industry is poised for significant growth. But how can you, as an investor, tap into this potential?

Enter Mutual Funds – a convenient and accessible way to invest in a basket of healthcare companies. Here, we explore some of the top performing healthcare sector SIP (Systematic Investment Plan) options in India for 2024, helping you make informed decisions for your financial health.

Investing in Your Future, One SIP at a Time

SIPs offer a disciplined approach to investing. You commit to investing a fixed amount at regular intervals, allowing you to benefit from rupee-cost averaging – buying more units when the price is low and fewer when it's high. This helps mitigate risk and build wealth over time.

Top Contenders in the Healthcare Arena

Mirae Asset Healthcare Fund: This fund takes a holistic approach, investing in companies across the entire healthcare spectrum. From pharmaceutical giants like Sun Pharma to innovative diagnostics players like Dr. Lal PathLabs, it offers broad exposure to the sector's growth potential.

Mirae Asset Healthcare Fund

DSP Healthcare Fund: This fund focuses on the pharmaceutical and biotechnology segments, the backbone of India's healthcare industry. With its investments in companies like Cipla and Divi's Laboratories, it allows you to capitalize on the increasing demand for affordable and quality medicines.

DSP Healthcare Fund

ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund: This fund offers a diversified approach within the healthcare space. It invests in pharmaceutical companies like Lupin, leading hospitals like Apollo Hospitals, and innovative diagnostics players like Thyrocare Technologies.

ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund

Beyond the Big Three: Exploring Options

These are just a few of the many excellent healthcare sector SIPs available. Here are some additional options to consider:

Canara Robeco Bluechip Equity Fund: This fund, while not solely healthcare-focused, has a significant allocation to pharmaceutical companies, allowing you to benefit from their growth alongside its broader blue-chip holdings.

Nippon India Pharma Fund: This fund concentrates on pharmaceutical and biotechnology companies, offering targeted exposure to this dynamic segment.

Steering Your Investment Journey

Remember, this is just a starting point. Before diving in, consider your investment horizon (short-term vs. long-term), risk tolerance, and existing portfolio. Consulting a financial advisor can be invaluable in tailoring a healthcare SIP strategy to your specific needs.

The Indian healthcare sector offers exciting investment possibilities. By carefully selecting a healthcare SIP that aligns with your goals, you can contribute to your financial well-being while supporting the future of healthcare in India. So, take charge of your health – both financial and physical – and invest in a brighter future!