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 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.’