The Business Bytes
Mumbai, October 7, 2024 (TBB Bureau): Kotak Mahindra Asset Management Company Ltd (KMAMC), widely known as Kotak Mutual Fund, has launched an exciting new offering for investors keen on global exposure—the Kotak MNC Fund. This open-ended equity scheme focuses on multinational companies (MNCs), providing investors with the opportunity to invest in top global corporations known for their business resilience, advanced technology, and strong international presence. The scheme is available for public subscription from October 7 to October 21, 2024.
In today’s interconnected world, MNCs have demonstrated remarkable resilience by transcending geographical boundaries and leveraging their global brand strength. The Kotak MNC Fund is designed to capitalize on this by investing in a diversified portfolio across sectors, geographies, and market capitalizations, giving investors access to large, mid, and small-cap multinational companies. These MNCs bring proven business models, technological leadership, and financial stability, making them attractive options for long-term capital growth.
The fund’s objective is to generate sustainable returns by investing in equity and equity-related securities of MNCs with significant international exposure. It offers flexibility by targeting market leaders from various sectors, backed by the financial strength and management excellence these companies possess.
Nilesh Shah, Managing Director of KMAMC, emphasized the fund’s strategic focus, saying, “Multinational Corporations lead the way in research, innovation, and technology. With their proven global expertise and competitive advantages, these companies offer strong investment potential. The Kotak MNC Fund gives investors access to these market leaders, tapping into their growth potential across sectors, geographies, and market caps.”
The fund will be managed by experienced professionals Harsha Upadhyaya, Chief Investment Officer & Fund Manager, and Dhananjay Tikariha, alongside a skilled research team. The team will identify MNCs with sustainable growth potential at reasonable valuations, ensuring that the best opportunities are harnessed across various market conditions.
Upadhyaya shared his insights on the fund’s strategy: “MNCs are well-positioned to benefit from global market dynamics and local insights. With this fund, we aim to create a resilient portfolio that not only seeks growth but also stability across different economic cycles, allowing us to capture opportunities from the evolving global landscape.”
The Kotak MNC Fund opens for public subscription from October 7, 2024, and will close on October 21, 2024.
