| Kotak Mahindra Mutual Fund has launched a new open-ended equity scheme focused on the transportation and logistics sector. The Kotak Transportation & Logistics Fund aims to capitalize on the growth potential of this industry, which is being driven by government initiatives like Bharatmala, Sagarmala, and the development of Dedicated Freight Corridors.
The New Fund Offer (NFO) opened on November 25, 2024, and will remain open for subscription until December 9, 2024. The minimum investment amount is Rs. 100, with subsequent investments in multiples of Re 100. An exit load of 1% of the applicable NAV applies if redeemed within 30 days from the date of allotment.
The fund will primarily invest in equity and equity-related securities of companies operating in transportation infrastructure, logistics services, innovative transportation solutions, and financial companies supporting the sector. The fund managers, Nalin Bhatt for equity and Abhishek Bisen for debt, will employ a bottom-up stock-picking approach, considering companies of various market capitalizations.
The scheme’s performance will be benchmarked against the Nifty Transportation & Logistics Index (Total Return Index), which tracks the performance of 30 large-cap stocks in the transportation and logistics sector. Investors seeking exposure to the growing transportation and logistics sector may consider investing in this new fund.
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