Top healthcare stocks that keep mutual funds in the pink of health
Healthcare sector funds: There are 15 such theme funds in the Indian mutual fund industry. Growing at robust pace, driven by increasing instances of chronic diseases combined with increasing incomes and deepening insurance penetration have worked well for healthcare stocks.
The mutual fund schemes that primarily invest in pharmaceutical and healthcare stocks have fared well over the last 15–18 months, following a disappointing performance in 2022. This cluster has been one of the top three performers within the sector and thematic categories in the last two years. In the recently held PMSBazaar's PMS conclave in Chennai, Tarun Sharma, head of healthcare and consumer at 360 ONE Asset Management Private Equity, said, “The Indian Healthcare industry has been growing at a robust pace, driven by increasing incidence of chronic diseases combined with increasing affordability of care due to increasing incomes and deepening insurance penetration. This sector has also been among the most attractive sectors for private equity exits in India. Over $3.5 billion delivered in exit value in 2023”. Here are the top healthcare services players among the portfolio of 15 pharma and healthcare sector mutual funds schemes. Data as of July 31, 2024. [Source: ACEMF]
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Apollo Hospitals Enterprise No. of pharma and healthcare funds holding the stock: 11
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Fortis Healthcare No. of pharma and healthcare funds holding the stock: 11
