The new fund offer or NFO of the scheme is open for subscription and it will close on February 26.
The minimum investment amount is Rs 100 and any amount thereafter. The minimum application amount for SIP is Rs 100 and any amount thereafter. The scheme will be managed by Shibani Sircar Kurian, Abhishek Bisen, and Arjun Khanna.
The scheme aims to capitalise on these dynamics showing significant growth potential.
“Investing in technology is no longer a choice, but a way to stay ahead in the rapidly evolving global landscape. Technology plays a pivotal role in driving the India growth story forward. The Kotak Technology Fund aligns with the increasing importance of the technology sector & provides the investors an avenue to participate in its growth potential,” said Nilesh Shah, Managing Director of Kotak Mutual Fund.With a keen focus on companies showing growth at reasonable valuations, the fund adopts a bottom-up stock-picking approach, backed by in-house research with no market cap restrictions.“The sector is witnessing tailwinds with the advent of multiple new technologies, increased consumption in day-to-day lives, and Enterprise technology adoption. Even in the face of global uncertainty, Indian IT companies have delivered margin performance, increasing ROE profile, and strong cash flows with high dividend payouts (Source: KMAMC Internal Research). Our goal is to not only ride the wave but to navigate it skilfully, fostering value creation for our investors over the long term with Kotak Technology Fund,” said Shibani Kurian, Fund Manager for Kotak Technology Fund, and Head- Equity Research, Kotak Mutual Fund.
The scheme is suitable for investors who are seeking long-term capital growth and want investment in a portfolio of predominantly equity and equity-related securities of technology and technology-related sectors.
