Kotak MF is all set to unveil a new fund called Kotak Indo World Infrastructure Fund and it is an open-ended equity scheme. It is a 3-year close-ended equity scheme.
The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity, equity related securities or units of overseas mutual funds, which are likely to directly or indirectly contribute to or benefit from the growth in infrastructure in India/across the world. Asset Allocation: The scheme will invest 65%-85% in equities & equity related securities in India related to infrastructure. The investment in overseas equity and equity related securities or class of share /units of overseas mutual fund related to infrastructure would be 10%-35%. Investment in domestic debt, money market instruments will be 0%-35% including investment in securitised debt up to 50% of the net assets.
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