Kotak Mutual Fund has launched an open-ended thematic fund called Kotak Pioneer Fund. This fund seeks to identify innovators and pioneers with a sustainable long-term growth potential and with a competitive long-term advantage.
In a press release, the fund house said that since business models are changing rapidly, companies that pioneer and better adapt to change are more likely to succeed in future. “This fund will invest into companies that seek to benefit from newer forms of production, technology, distribution or processes that are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models.”
Harish Krishnan, Senior VP & Equity Fund Manager at Kotak Mutual Fund said, “Kotak Pioneer Fund will follow a thematic approach of investing in companies that have a proven track record of multiple revenue streams, resulting in improved customer salience. The fund is diversified across sectors & stocks to achieve risk mitigation and provides diversification across geographies as well”.
Features of Kotak Pioneer Fund
- Multi-cap fund choosing from a dynamic universe across various sectors
- Access to relatively new economy businesses
- Can invest in global innovators and technology pioneers
- Diversification opportunity across geographies, sectors and market capitalisation
