Kolkata, June 25 (IBNS): Kotak Asset Management Company (Kotak Mutual Fund) on Tuesday announced the launch of Kotak Focused Equity Fund.
The New Fund Offering (NFO) opens for subscription on June 25, 2019 and closes on July 9, 2019.
This open-ended scheme will invest in a focused portfolio of up to 30 stocks across large-cap, mid-cap and small-cap categories, the company said in a statement.
The fund, which will follow Nifty 200TRI benchmark, aims to generate long term capital appreciation by investing in equity & equity related instruments across market capitalization. Kotak Focused Equity Fund will be managed by Shibani Kurian and Harish Krishnan.
Shibani Kurian, Senior Vice President and Head of Equity Research said, “Kotak Focused Equity Fund integrates corporate governance with risk/reward-based selections. The fund will follow a thematic approach of bottom up stock picking using the Business, Management and Valuation (BMV) model. We will evaluate the business environment that a company operates in, the capability of the management to execute and scale up the business and valuation of the company based on fundamentals like discounted cash flows and P/E ratios.”
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