Mutual Funds is a company that pools money from many investors and invests the money in securities. For this purpose assets management company have a fund manager who manages all this process and tries to provide the best return to its investors. In this post, we will try to explain to you the Best Health Care Mutual Funds
Sector Mutual Funds
According to the different schemes of mutual funds, Sector Mutual Funds are equity schemes that invest in specific sectors of the economy. These stocks can be economy, energy, infrastructure, pharma, technology, etc. These funds allow people to invest in the best-performing stocks in the specified sectors.
Pharma Sector Mutual Funds/Health Care Mutual Funds
Healthcare mutual funds are also known as Pharma Mutual Funds. This is one of the sectoral mutual fund’s type and primarily invest in Pharmaceuticals stocks in India.
Due to the huge population of India, there has always been a high demand for medicine and other health care needs because of which pharmaceutical companies earning a good rate of profit. In terms of volume, India is the third-largest pharmaceuticals market globally.
On the other hand, considering the current scenario of coronavirus there is a huge demand for medicine. It is one of the good reasons to invest in Healthcare Sector Mutual Funds.
If you are willing to a good rate of return in 2021, a healthcare mutual fund may be the best option to invest in mutual funds. Here is the list of Best Health Care Mutual Funds.
Also Read- List of Top 10 Mutual Funds For SIP to Invest in 2021
Best Health Care Mutual Funds For 2021
In mutual funds, you can invest through a Systematic Investment Plan (SIP), and/or you can choose the lump sum option.
The investors can start making the investment through SIP with a minimum amount of Rs. 500. The below chart will show you the return performance (CAGR) of Healthcare Mutual Funds. Through this analysis of return, you can choose Best Health Care Mutual Funds to invest in 2021.
| Best Health Care Mutual Funds (Direct Plan) | Scheme Size (Cr.) | 3 Yr (%) | 5 Yr (%) |
|---|---|---|---|
| Nippon India Pharma Fund (G) | 5446.95 | 29.49 | 18.38 |
| Tata India Pharma & Healthcare Fund (G) | 563.54 | 28.78 | 17.65 |
| UTI Healthcare Fund (G) | 872.40 | 27.14 | 13.79 |
| SBI Healthcare Opportunities Fund (G) | 2003.70 | 27.45 | 11.94 |
| Aditya Birla Sun Life Pharma & Healthcare Fund (G) | 571.15 | NA | NA |
Other Investment Options-
How to Invest in Mutual Funds?
After getting knowledge about “Best Health Care Mutual Funds”, it is necessary to know how to make an investment in mutual funds.
To make an investment in mutual funds, you can choose the offline or online mode as well. Making an offline investment in mutual funds makes a lot of paperwork. To avoid paperwork, it is better to make an investment online for which you can choose Upstox.
Upstox is a platform, where you can invest online through its web or app. There is no paperwork and all the procedure is online with e-KYC facilities.
Here is the link to Upstox, through which you can invest online in more than 2000 mutual funds. You can choose the best mutual fund of your choice and study all the detailed analyses.
Frequently Asked Questions- FAQs
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What is the Best Healthcare Mutual Funds?
Nippon India Pharma Fund (G)
Tata India Pharma & Healthcare Fund (G)
UTI Healthcare Fund (G)
SBI Healthcare Opportunities Fund (G)
Aditya Birla Sun Life Pharma & Healthcare Fund (G) -
Are healthcare mutual funds a good investment?
Due to the huge population of India, there has always been a high demand for medicine and other health care needs because of which pharmaceutical companies earning a good rate of profit. In terms of volume, India is the third-largest pharmaceuticals market globally.
On the other hand, considering the current scenario of coronavirus there is a huge demand for medicine. It is one of the good reasons to invest in Health Sector Mutual Funds.
If you are willing to a good rate of return in 2021, a healthcare mutual fund may be the best option to invest in mutual funds.
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What are the top 5 mutual funds?
Axis Bluechip Fund DP (G)
Canara Robeco Bluechip Equity Fund DP (G)
Quant Active Fund DP (G)
Principal Multi Cap Growth Fund DP (G)
Invesco India Multi Cap Fund DP (G) -
What are the top 10 mutual funds?
Axis Bluechip Fund DP (G)
Canara Robeco Bluechip Equity Fund DP (G)
Quant Active Fund DP (G)
Principal Multi Cap Growth Fund DP (G)
Invesco India Multi Cap Fund DP (G)
Axis Midcap Fund DP (G)
Kotak Emerging Equity Fund DP (G)
PGIM India Midcap Opportunities Fund DP (G)
SBI Small Cap Fund DP (G)
Nippon India Small Cap Fund DP (G)
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Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.
Mutual Funds Investments are subject to market risk, read all scheme-related documents carefully.
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