Kotak Mahindra AMC has launched Kotak Global Innovation Fund of Fund that will invest in global stocks such as Amazon, Facebook, VISA, AstraZeneca, Netflix and so on.
The underlying fund of the scheme is Wellington Global Innovation Fund. US based Wellington Management manages AUM of over US$ 1 trillion.
In a press release, Harsha Upadhyaya, President & CIO – Equity, Kotak MF said, “Global innovators are world-leading companies that control their own destiny, driving growth through innovation or having exposure to key secular trends. We believe that innovation can drive growth, independent of the global economic cycle. So if investors are looking to invest in a fund that helps them diversify their portfolio across sectors and geographies, the FoF can be the right fund for them.”
