Kotak introduces an open-ended fund focusing on transportation and logistics for long-term growth.
Kotak Mahindra Asset Management Company (KMAMC) has unveiled the Kotak Transportation & Logistics Fund, an open-ended equity scheme dedicated to India’s transportation and logistics theme. The New Fund Offer (NFO) begins on November 25, 2024, and closes on December 9, 2024.
This fund aims to generate long-term capital growth by investing in equity and equity-related securities of companies involved in transportation infrastructure, logistics services, and innovative sustainable solutions. It also includes investments in financial companies supporting these sectors.
With a bottom-up investment strategy, the fund will span across large, mid, and small-cap companies. The initiative aligns with government programs like Bharatmala and Sagarmala, fostering industry growth through infrastructure development and technological advancements.
Nilesh Shah, MD of KMAMC, emphasised the sector’s potential, citing increased vehicle ownership, the shift to EVs, and rising per capita GDP. Fund manager Nalin Bhatt, with over 20 years of experience, will oversee the scheme. The minimum investment during the NFO period is INR 100.
