NE BUSINESS BUREAU
MUMBAI, SEP 7
Kotak Mahindra Asset Management Company Limited (Kotak Mutual Fund) on Monday announced the launch of Kotak Multicap Fund, an open-ended scheme that will provide the right mix of large-cap, mid-cap and small-cap stocks for stability, growth and potential – giving investors the ‘Power of All in One’, says a senior official of the company.
With the investment objective of generating long-term capital appreciation from a portfolio of equity and equity related securities across market capitalisation, Kotak Multicap Fund is suitable for all classes of investors aiming to fulfil long-term financial goals such as a child’s education, retirement or buying a dream home.
Harsha Upadhyaya, President & CIO – Equity, Kotak Mahindra Asset Management Company said, “The equity Market is a Triveni Sangam of Large-cap, Mid-cap & Small-cap stocks with each having its own return and risk profiles. At Kotak Mutual Fund, we have added value to our investors by outperforming benchmark indices regularly across most time periods in all three categories –small-cap, mid-cap and large cap-funds and thus, are now offering the power of all 3 in one fund.”
“We follow a disciplined investment process of BMV i.e. by focusing on Business scalability & sustainability, Management Quality and Valuation parameters. We are also committed to the principles of Environmental, Social and Governance (ESG) factors”, he added.
In the last five years, Kotak Mutual Fund’s equity AUM has grown almost seven times – from Rs 17,602 crore as on 31st July 2016, to Rs 1,22,013 crore as on 31st July 2021.
Kotak Mutual Fund introduces various funds from time to time keeping investor interest in mind. In December last year, the company launched India’s first international REIT fund of funds (FoF). Additionally, the recently launched Kotak Global Innovation FoF became one of the largest NFOs in Global FoF categories with a collection of over Rs 1650* crore.
Highlights of Kotak Multicap Fund
• Investment objective of generating long-term capital appreciation from a portfolio of equity and equity related securities across market capitalisation.
• Harsha Upadhyaya, Devender Singhal, Abhishek Bisen and Arjun Khanna are the fund managers
• Minimum Investment Size:
– Initial Purchase (Non-SIP): Rs.5000/- and in multiples of Re.1 for purchase and of Re.0.01 for switches.
– SIP: Rs.500/- subject to a minimum of 10 SIP instalments of Rs. 500/- each.
• Benchmarked against Nifty 500 Multicap 50:25:25 Total Returns Index. The scheme will offer two plans—regular and direct.
