Kotak Mutual Fund Launches Kotak MNC Fund NFO: An Avenue to Invest in Multinational Corporations across Sectors and Geographies
by Prashant Kapadia/NHN
| NFO opens on 07/10/2024; closes on 21/10/2024 |
Mumbai, October 7, 2024: Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) is pleased to announce the launch of the Kotak MNC Fund, an open-ended equity scheme following the Multinational Companies (MNC) theme. This fund provides investors with an opportunity to invest in leading MNCs, leveraging their growth potential and stability. The diversified portfolio spans various sectors, geographies, and market caps. The scheme will be open for public subscription from October 7, 2024, to October 21, 2024
In an increasingly globalized world, companies with business transcending geographies show resilience. The Kotak MNC Fund focuses on investing in multinational companies known for their strong global brand presence, advanced operational and technological advantages, exceptional management quality, and financial robustness. These companies span various sectors and have significant international business exposure. The fund offers investors a diversified portfolio, leveraging the long-term growth potential of these well-established global corporations.
The Kotak MNC Fund aims to generate long-term capital growth by investing in equity and equity-related securities of multinational companies. The fund has the flexibility to invest across various market capitalisations, with exposure to large, mid, and small-cap companies*.
Nilesh Shah, Managing Director, KMAMC, said, “Multi-National Corporations lead the way with research, innovation, and technology. These companies excel across various geographies and have proven business models with strong moats. The Kotak MNC Fund aims to leverage the strengths of these Multinational Companies, offering investors access to market leaders across sectors, geographies, and market caps. With this fund, we aim to invest in companies that not only have strong global footprints but also demonstrate growth potential. We shall pursue the suitable options across market caps and sectors, ensuring we continue to deliver value to our investors.”
The fund will be managed by Harsha Upadhyaya and Dhananjay Tikariha, supported by an experienced research team. The fund will identify companies with the potential for sustainable growth at reasonable valuations, leveraging insights from a robust research team and framework to ensure the best opportunities are leveraged across market caps and sectors.
Harsha Upadhyaya, CIO & Fund Manager, KMAMC, said, “Kotak MNC Fund is designed to tap into the potential of multinational companies that aim to consistently outperform through innovation and operational strengths. We believe that MNCs, with their global expertise and local insights, are well-positioned to benefit from evolving market dynamics. Our focus will be on creating a suitable portfolio that seeks not just growth but resilience, ensuring that we capture opportunities across different economic cycles.”
The scheme opens for public subscription on October 7, 2024, and closes on October 21, 2024.
Investors can invest a minimum amount of Rs 100 and in any amount thereafter. For more details on the Kotak MNC Fund, please visit Kotak MNC Fund NFO.
https://www.kotakmf.com/documents/Kotak%20MNC%20Fund_NFO .
Watch Nilesh Shah’s video message on Kotak MNC Fund here: https://www.youtube.com/watch?v=m-kiObsK56A
Watch Harsha Upadhyaya’s video message on Kotak MNC Fund here: https://www.youtube.com/watch?v=1tnUaIMgt0M
Investors are advised to consult their financial expert before making any investment decision. Kotak Mahindra Asset Management Company Limited (KAMAMC) is not guaranteeing or promising any returns/ futuristic returns. The factors mentioned above are only for illustrative purpose and not exhaustive in nature.
Past performance may or may not be sustained in future. The factors mentioned above for MNC theme are for illustrative purposes and not exhaustive in nature. * As per para 2.7 of SEBI Master Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/90 dated May 19,2023 Large Cap: 1st -100th company in terms of full market capitalization. Mid Cap: 101st -250th company in terms of full market capitalization. Small cap: 251st company onwards in terms of full market capitalization.
About Kotak Mahindra Asset Management Co. Ltd.:Kotak Mahindra Asset Management Company Limited (KMAMC) – a wholly owned subsidiary of Kotak Mahindra Bank Limited (Kotak), is the Asset Manager for Kotak Mahindra Mutual Fund (KMF). KMAMC started operations in December 1998 and as of 31st March 2024, has over 61.85 lakh investor folios in various schemes. KMF offers schemes catering to investors with varying risk – return profiles and was the first fund house in the country to launch a dedicated gilt scheme investing only in government securities. The company is present in 94 cities and has 101 branches as of 30th June 2024.