Groww Mutual Fund launches Groww BSE Hospitals ETF and Groww BSE Hospitals ETF FOF
Groww Mutual Fund today announced the launch of two new passive investment schemes — the Groww BSE Hospitals ETF and the Groww BSE Hospitals ETF FOF — offering investors exposure to India’s hospital sector through the BSE Hospitals Index.
Commenting on the launch, Varun Gupta, CEO, Groww Mutual Fund, said:
“Healthcare delivery, particularly hospital-based care, is becoming increasingly central to India’s economic and social landscape. Today, hospitals account for nearly three-fourths of the entire domestic healthcare industry. Rising utilisation, broader insurance coverage, and demographic trends are steadily shaping demand for organised hospital services. At the same time, supportive government policies, growing global medical tourism, and an increasing preference for private healthcare are providing strong structural tailwinds to the sector’s long-term growth.
Through the launch of the Groww BSE Hospitals ETF and the Groww BSE Hospitals ETF FOF, we are enabling investors to access this segment in a structured and transparent manner through a passive investment framework aligned with long-term participation.”
Ashutosh Singh, MD & CEO, BSE Index Services, said:
“Hospitals occupy a foundational role within India’s healthcare ecosystem, directly reflecting how healthcare access, utilisation, and capacity are evolving across the country. As the organised hospital segment expands in scale and complexity, the need for clear and representative market benchmarks becomes increasingly important.
The BSE Hospitals Index has been developed to capture this segment of the economy and to provide a consistent reference for tracking the progress of India’s organised hospital space within the broader healthcare sector.”
Healthcare has become a meaningful component of household expenditure in India, reflecting its essential nature. However, India continues to trail global averages on per capita healthcare spending, hospital beds, and doctors per capita, highlighting the need for further investment in healthcare infrastructure and capacity.
Hospitals form the largest segment of India’s healthcare ecosystem, accounting for nearly 74% of the market1, and are expected to continue expanding. Growth is being supported by wider health insurance coverage, a rising burden of chronic and lifestyle diseases, an ageing population, medical tourism inflows, and ongoing government initiatives to improve healthcare access.
The BSE Hospitals Index tracks listed hospital companies selected from the BSE 1000 universe and follows a diversified, rules-based approach. The index is rebalanced periodically to remain aligned with changes in the hospital sector.
