1. Top Indian Fund Beating 96% of Peers Is Bullish on Hospitals.
- Author
-
Simon, Alex Gabriel
- Subjects
INVESTMENT management ,MEDICAL care costs ,INSURANCE ,HOSPITAL beds ,RETIREMENT age - Abstract
India's top-performing fund, JM Financial Asset Management Ltd., believes that hospital stocks in India will benefit from the expected growth in healthcare spending. The country is projected to see a rapid increase in the number of people reaching retirement age in the next two decades, leading to increased healthcare spending. The government's approval of an expanded free health-insurance plan for citizens aged 70 and above may prompt regional governments to introduce similar measures, further boosting the sector. The JM Flexicap Fund has returned over 40% this year and has been the best performer in its category over a three-year time frame. [Extracted from the article]
- Published
- 2024