Edelweiss Mutual Fund (AMC) has launched the Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund. This is an open-end passive fund that will give Indian investors exposure to both domestic and global healthcare stocks. While many active funds focused on the pharma and healthcare segment are available in India, they invest in domestic stocks only.
The offering
This fund will have 70 per cent exposure to the domestic and 30 per cent to the international healthcare segment. In the domestic component, it will include the top 25 stocks based on market cap, covering sectors such as pharma, hospitals,