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.