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Kotak Mutual Fund has launched Kotak Energy Opportunities Fund, an open-ended equity scheme focussed on the energy theme.
The fund will invest in energy sectors like power, oil & gas, and renewable energy sectors. Additionally, the scheme may also invest in energy ancillary companies and capital goods companies.
In a press release, Nilesh Shah, Managing Director, Kotak MF, said, “With rising GDP levels, rising affluence, and new-age industries, the demand for energy is set to rise. Despite rising capacity, India is anticipated to face a power supply deficit. This demand highlights the necessity for both traditional and new forms of energy and the potential of this sector.”
Harsha Upadhyaya, CIO, Kotak MF along with Mandar Pawar, Fund Manager, Kotak MF will manage the fund.
Harsha said, "The energy sector plays an integral role in a nation’s growth and has seen profits rise over three times in the past 10 years. With the rise of energy demand, sectors such as transmission and distribution, smart metering, and smart grid management may see increasing demand. Further, traditional energy sources like coal, oil, and gas will also continue to see rising demand in India.”
The minimum investment amount is Rs.100.
