Getty ImagesKotak Mahindra Asset Management Company (Kotak Mutual Fund) announced the launch of Kotak Pioneer Fund, an open-ended equity scheme that will invest in ‘pioneering innovation’ theme. The new fund offering (NFO) opens for subscription on October 9, and it will close on October 23.
According to the fund house, the fund will seek to identify innovators and pioneers with a sustainable long-term growth potential and with a competitive long-term advantage. The scheme will be managed by Harish Krishnan.
The scheme will follow a structured investment process to identify such ‘pioneering companies’ on a framework. This fund will invest in companies that seek to benefit from newer forms of production, technology, distribution or processes that are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models.
Kotak Pioneer Fund can capitalise on global innovation champions through investment in global funds, providing Indian investors the opportunity of geographic diversification and access to massive technological changes happening around the world, said the release.
Harish Krishnan, Senior VP & Equity Fund Manager at Kotak Mutual Fund said, “Kotak Pioneer Fund will follow a thematic approach of investing in companies that have a proven track record of multiple revenue streams, resulting in improved customer salience. The fund is diversified across sectors & stocks to achieve risk mitigation and provides diversification across geographies as well.”
Features of Kotak Pioneer Fund:
• Multi-cap fund choosing from a dynamic universe across various sectors
• Access to relatively new economy businesses
• Can invest in global innovators and technology pioneers
• Diversification opportunity across geographies, sectors and market capitalisation
According to the fund house, the fund will seek to identify innovators and pioneers with a sustainable long-term growth potential and with a competitive long-term advantage. The scheme will be managed by Harish Krishnan.
The scheme will follow a structured investment process to identify such ‘pioneering companies’ on a framework. This fund will invest in companies that seek to benefit from newer forms of production, technology, distribution or processes that are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models.
Kotak Pioneer Fund can capitalise on global innovation champions through investment in global funds, providing Indian investors the opportunity of geographic diversification and access to massive technological changes happening around the world, said the release.
Harish Krishnan, Senior VP & Equity Fund Manager at Kotak Mutual Fund said, “Kotak Pioneer Fund will follow a thematic approach of investing in companies that have a proven track record of multiple revenue streams, resulting in improved customer salience. The fund is diversified across sectors & stocks to achieve risk mitigation and provides diversification across geographies as well.”
Features of Kotak Pioneer Fund:
• Multi-cap fund choosing from a dynamic universe across various sectors
• Access to relatively new economy businesses
• Can invest in global innovators and technology pioneers
• Diversification opportunity across geographies, sectors and market capitalisation
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