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Kotak Mutual Fund has launched Kotak Multi Asset Allocation Fund.
The open end scheme will invest in equity, debt & money market instruments, commodity ETFs and Exchange Traded Commodity Derivatives (ETCDs).
The fund will offer equity taxation and diversification across asset classes.
In a press release, Nilesh Shah, MD, Kotak MF said, “This fund is an outcome of investors’ need for a holistic asset allocation solution that would diversify across various asset classes and navigate different economic cycles. We call this our ‘Load It, Latch It, Leave It’ fund, wherein our proficient team of fund managers come together to strategize asset allocation with the collective expertise across asset classes.”
Devender Singhal, EVP, Kotak MF and Fund Manager of the scheme said, “The beauty of multi-asset investing is its resilience - no single asset dictates the outcome, we endeavour to tap into the potential of each asset class. We're not just selecting securities; we're building a diversified portfolio aimed at reasonable risk-adjusted returns with moderated volatility. This fund also offers dynamism with an endeavour to increase net equity allocation when markets are cheap and decrease when markets are expensive.”
