Altogether, 26 funds focused on pharma and healthcare collectively manage Rs 30,306 crore. Some of them offer exposure to global pharma stocks
Improving US generic market outlook is driving the current rebound, but brace for periodic drawdowns
In the year to date, the Nifty pharma index has returned 8.8 per cent, with 10 of its constituents giving negative returns
Easing of supply chain issues, hydroxychloroquine opportunity boost sentiments
Money managers say domestic API manufacturers can stall impact from Chinese lockdown
Investors, however, need to understand their prospects before deciding to raise their exposure to these export-oriented sectors
IT and pharma funds have returned 4.4% and 1.77% in the past month, respectively
Attractive valuations have spurred fund houses to launch new funds in this category as well
The funds have shed 8.5%, even as Sensex has returned 16%; effectively that's a 25% underperformance