Kotak Mutual Fund has launched Kotak NASDAQ 100 Fund of Fund.
The fund will invest in units of overseas ETFs and/or funds like iShares NASDAQ 100 ETF, Lyxor NASDAQ 100 ETF and USA NASDAQ 100 Index fund, which in turn invest in shares listed on the NASDAQ-100.
Harsha Upadhyaya, President and CIO – Equity, Kotak MF said, “The FoF will invest in global leaders. It offers an opportunity to invest in world’s leading non-financial companies through units of overseas ETFs based on the NASDAQ-100 index.”