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Kotak Mutual fund has launched Kotak Quant Fund, an open-ended scheme that aims to invest in stocks based on a predefined formula.
Quant funds uses a mathematical formula to find opportunities across a broad range of stocks. Basically, these funds follow a pre-defined and transparent policy to select stocks.
In a press release, Nilesh Shah, MD and CEO, Kotak MF says that the fund combines knowledge and insights of investment team. He said, “This dynamic collaboration, comparable to an umpire utilizing DRS, aims to construct a portfolio through a well-balanced and data-driven investment strategy.”
Harsha Upadhyaya, CIO - Equity, Kotak MF said, “The fund seeks to generate long term capital appreciation with data-driven investing, where the wisdom of market data meets the quant model. By blending fundamental insights with behavioural factors, this open-ended equity scheme endeavours to deliver an optimized portfolio that paves the way for long-term capital appreciation.
