Mirae Asset Mutual Fund will be launching a fund named Mirae Asset Healthcare Fund, that will focus majorly on pharma, healthcare and allied sectors.

Mirae Asset Healthcare Fund, will open for subscription on June 11 and close its subscription on June 25. As per the  scheme information document, the fund will utilize at least 80% of its fund in pharma, healthcare and allied sectors and up to 20% in shares of other companies.

It also has the provision to invest up to 20% in debt and Money market instruments or in units of debt/liquid schemes of domestic mutual funds. Further, this fund will have an option of growth and dividend and minimum application should be of Rs.5,000 and in multiples of one rupee thereafter. S&P BSE Healthcare Index will be its benchmark index.

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