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Kotak Mutual Fund has launched Kotak Special Opportunities Fund, an open-ended equity scheme following special situations theme.
The fund will invest in special situations such as company-specific events, corporate restructuring, government policy and regulatory changes, technology-led disruption or companies going through temporary but unique challenges, etc.
In a press release, Nilesh Shah, MD, Kotak MF said, "India as a growing market is ever-changing and dynamic leading to multiple special opportunities. For e.g. launch of production linked incentive (PLI) and the world looking for China+1 created an opportunity for the electronics manufacturing sector in India. A similar opportunity can also arise in a company which sees a management change, aiming to improve its prospect of future growth. These opportunities presented by special situations can arise in companies of any size, whether they are large cap, mid cap or small cap.”
Devender Singhal, Fund Manager of the scheme said “A company’s path can be impacted by multiple events like policy changes, mergers and acquisitions, industry consolidations, management changes, etc. For instance, the cement sector is feeling the effects of industry consolidation or RERA’s impact on the real estate sector. The fund focuses on looking for such special situations.”
The fund will be managed by fund manager Devender Singhal.
