Kotak MF launches an index fund focussing on housing sector

Kotak Mutual Fund has launched Kotak S&P BSE Housing Index Fund, an open-ended scheme tracking the performance of S&P BSE Housing Index.

The underlying index invests in companies related to the housing theme.

In a press release, Nilesh Shah, MD, Kotak MF said, “This fund presents a unique opportunity for investors looking to capitalize on the potential growth in the housing sector and businesses that can benefit from the real estate boom.”

Devender Singhal, EVP & Fund Manager, Kotak MF said, “This fund aims to present a compelling prospect for investors seeking to capitalize on the housing sector and enterprises that stand to potentially benefit from the expansion in the real estate domain.”