October 1, 2024

Top Indian Fund Beating 96% of Peers Is Bullish on Hospitals

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India’s hospital stocks are set to benefit from the expected growth in healthcare spending, according to one of the country’s top-performing funds.

The country will witness a rapid acceleration in the number of people reaching retirement age in the next two decades, Satish Ramanathan, chief investment officer for equities at JM Financial Asset Management Ltd., said in an interview. “People will spend on healthcare at an unprecedented rate.”

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