Kotak Mutual Fund launches new equity scheme

Kochi, Feb 14: Kotak Mahindra Mutual Fund has launched a three-year closed-ended equity growth scheme, Kotak Emerging Equity Scheme, to generate long-term capital appreciation from portfolio of equity and equity-related securities by investing in mid and small cap companies.

In a statement here today, Kotak Mahindra Asset Management Company CEO Sandesh Kirkire said the scheme would follow fundamentally driven bottom-up approach in identifying and investing in stocks that had the potential to grow.

The scheme would focus on identfying winning themes over the long-term and maximise returns by playing out the whole investment cycle, he added.

The scheme would look at themes like emerging businesses, embedded value, unlocking of Intellectual Property Rights, restructuring stocks that were under-researched and under-owned by institutional investors and superior growth in sectors for identifying investment oppurtunities, Mr Kirkire noted.

Kotak Mutual Fund, set up in 1998, manages assets of Rs 13,311.40 crore contributed by over four lakh investors as on January 2007.

UNI