Kotak Mahindra has announced that the fund will be able to identify potential future performers, thus giving investors an opportunity to participate in the potential growth of emerging companies.
Kotak India Concentrated Growth Fund (KICGF) is not recognized for purposes of the UK regulatory requirements and can only be invested in by investors categorized as professional or market counterparty under the rules of the UK’s Financial Services Authority, as well as certain other investors.
The Indian equity markets have experienced a broad based bull phase in both large and mid capitalized stocks since May 2003. Of the 5500 listed companies in India, the top 10% constitutes 90% of the total market capitalization.
Nitin Jain, the principal fund manager at Kotak Mahindra, said: KICGF will discover the winners of the future through a medium to long term journey of investment. The fund would adopt a ‘buy & hold’ approach and shall be indifferent to market momentum. In a volatile market this approach should do well for the investor.
