ICICI Pru Pharma Healthcare and Diagnostics (PHD) Fund – Should you invest?
After Mirae Emerging Mutual Fund has launched its new Healthcare fund, other Mutual Fund AMCs are in queue to tap the opportunities in the Healthcare Sector. Pharma and Healthcare is one of my favorite sector in the last decade. However, Pharma/Healthcare has been under performer in the last couple of years. In this uncertainty, ICICI Prudential Pharma Healthcare and Diagnostics (PHD) Fund (NFO) would open for subscription on 25th June, 2018. This new mutual fund scheme would tap the opportunities in Pharma, Healthcare, Diagnostics and Wellness Sector. There are already few mutual fund schemes in Pharma and Healthcare, hence need to see how this new fund would catch attention of investors. Should you invest in the ICICI Prudential PHD Fund? What are the risk factors an investor need to consider before investing in this ICICI Prudential Pharma Healthcare and Diagnostics (PHD) New Fund Offer (NFO)?
Also Read: Mirae Asset Healthcare Mutual Fund opens on 11th June – Should you invest?
Features of ICICI Prudential PHD Fund
This is open ended mutual fund scheme which invests in equity and related instruments of Pharma, healthcare and diagnostic area.
This scheme would open for subscription on 25th June, 2018.
This scheme closed for subscription on 9th July, 2018.
It would reopen for further subscription from 17th July, 2018.
This scheme is available in both regular and direct plans.
Like any other MF scheme, each such plan offers both dividend and growth options. Under the dividend option regular dividends would be paid.
This scheme is available for lump sum and SIP options.
Minimum investment is ₹ 5,000 and in multiples of ₹ 1,000 there-off for lump sum investments.
Minimum SIP investment is ₹ 1,000 per month and minimum SIP tenure is 5 months.
Minimum Systematic Withdrawal Plan (SWP) is ₹ 500.