Pharma and healthcare funds have delivered an average return of 6.5 per cent over the past three months and 54.6 per cent over the past year. Investors are drawn to this sector for its robust business prospects and defensive qualities.
Pharma, which has several sub-segments, offers broad diversification. "Pharma funds provide ample diversification opportunities with investments across branded pharma (comparable to FMCG), US generics (comparable to commodities), APIs (or Active Pharmaceutical Ingredients, comparable to manufacturing), and hospitals & diagnostics (comparable to retail/premiumisation)," says Meeta Shetty, fund manager, Tata Mutual Fund.
Altogether, 26 funds focused on pharma and healthcare collectively manage ₹30,306 crore. Some of them offer exposure to global pharma stocks.
Big growth runway
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