Groww MF Launches BSE Hospitals ETF FoF for Healthcare Growth
Dual Launch: Groww Mutual Fund introduces BSE Hospitals ETF and ETF FoF, India's first ETF tracking BSE Hospitals Index with 16 hospital stocks. NFO closes February 25.
Sector Potential: Hospital sector constitutes 74% of India's healthcare market. Projected to reach $193.6 billion by 2032, growing at 8% annually per IBEF data.
Growth Drivers:
Wider insurance coverage, rising chronic diseases, ageing population, medical tourism boom, and government initiatives fuel robust long-term hospital sector expansion.
Passive Strategy:
ETF replicates BSE Hospitals Index constituents in same proportion. FoF invests in ETF units, offering mutual fund format convenience for investors.
High-Risk, High-Reward:
Suitable for investors with 5+ year horizon, comfortable with sectoral concentration risk, betting on India's organised healthcare services structural growth story.