Groww Launches Two New ETFs Targeting India's Booming Hospital Sector
Groww Mutual Fund has introduced two new passive investment schemes focused on India's hospital sector. The launch comes as demand for organized united hospital services rises, driven by higher insurance coverage and shifting demographics. Both funds will track the BSE Hospitals Index, offering investors exposure to a rapidly expanding industry.
The two schemes are the Groww BSE Hospitals ETF and the Groww BSE Hospitals ETF FoF. The first is an open-ended exchange-traded fund that directly follows the BSE Hospitals Index TRI. The second is a fund-of-funds scheme, investing in units of the ETF itself. Both aim to mirror the performance of India's hospital sector, which dominates the domestic healthcare market.
General hospitals currently represent nearly 74% of India's healthcare industry. Growth in this segment is supported by rising medical tourism, government policies, and a strong preference for private healthcare. Despite this expansion, India's healthcare spending, hospital beds, and doctor-to-patient ratios still lag behind global averages.
The new fund offer (NFO) for these schemes remains open until February 25. Investors will gain indirect access to a sector benefiting from long-term trends, including increased insurance penetration and an ageing population.
The new schemes provide a way to invest in India's hospital-driven healthcare market. With hospitals making up the largest share of the industry, the funds align with ongoing growth in private medical services. The NFO period gives investors a limited window to participate before the schemes close.
