Kotak Mutual Fund’s recently launched Kotak Global Innovation FoF received collections of over Rs. 1,650 crore during its NFO.
The fund house said that it has received applications from 72,500 investors and over 6,250 distributors participated in this NFO.
Manish Mehta, Kotak Mutual Fund, National Head - Sales, Digital Business and Marketing said, “Indian investors are looking at global markets for diversification and for growing their assets in international currencies. Further, we believe that pioneering or innovative companies drive growth independent of global economic cycles and are gaining investor traction. As the NFO provides exposure to such companies, it witnessed positive investor participation.”
