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Kotak Mutual Fund has launched Kotak BSE PSU Index Fund, an open-ended scheme tracking the BSE PSU Index.
BSE PSU Index currently comprises 56 PSU stocks selected from the BSE 500 Index. The index comprises a diverse range of public sector undertakings spread across various sectors.
In a press release, Nilesh Shah, Managing Director of Kotak Mahindra AMC, said, "While PSU stocks present a mixed landscape with varying opportunities across sectors, this index fund allows investors to gain broad exposure to the PSU segment. This fund provides a structured approach to PSU investing, allowing investors to participate in the potential of this segment passively while managing risks through diversification”.
Devender Singhal, Executive VP and Fund Manager, Kotak Mahindra AMC said, " PSUs play a crucial role in key sectors of our economy, from energy and finance to defense and infrastructure. While individual PSU stocks may exhibit varying performance, this index-based approach allows investors to benefit from the public sector's overall growth and reforms. As India continues its economic trajectory, this fund offers investors a chance to be part of that journey through a comparatively cost-effective and systematically managed investment vehicle."
