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Kotak Mutual Fund has launched Kotak Technology Fund, an open-ended equity scheme investing in technology and technology-related sectors.
Fund manager Shibani Sircar Kurian will manage the scheme.
In a press release, Nilesh Shah, MD Kotak MF, said, "Investing in technology is no longer a choice but a way to stay ahead in the rapidly evolving global landscape. Technology plays a pivotal role in driving the India growth story forward. The Kotak technology fund aligns with the increasing importance of the technology sector and provides the investors an avenue to participate in its growth potential."
Shibani Kurian, Fund Manager and Head-Equity Research, Kotak MF said, “The sector is witnessing tailwinds with the advent of multiple new technologies, increased consumption in day to day lives and enterprise technology adoption. Even in the face of global uncertainty, Indian IT companies have delivered margin performance, increasing ROE profile and strong cash flows with high dividend payouts."
