Kotak Mahindra Asset Management Company Limited (Kotak Mahindra Mutual Fund) on Thursday announced the launch of the Kotak Global Innovation Fund of Fund that will give investors an opportunity to invest in global innovators such as Amazon, Facebook, VISA, AstraZeneca, Netflix et al.
The new fund offer will be open from July 8 to July 22, 2021. Investors can note that the minimum investment size will be of Rs 5,000 and the Fund Manager is Arjun Khanna.
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The Kotak Global Innovation Fund of Fund will invest in Wellington Global Innovation Fund units, which invests in these kind of stocks by following a strict investment and risk management process.
Wellington Management, a US-based investment management firm with AUM of over US$ 1 trillion, manages the underlying fund and follows a bottom-up stock selection process based on the score assigned through a unique methodology termed TIBR – where T stands for companies that have products or services that are trendsetters; I stands for companies that are capable of building innovative or Intellectual Property driven products or services; B represents businesses that have a high entry barrier and R signifies eliminating those companies that are at a high risk of getting disrupted.
Harsha Upadhyaya, President and CIO – Equity, Kotak Mahindra Asset Management Company said, “Global innovators are world-leading companies that control their own destiny, driving growth through innovation or having exposure to key secular trends. We believe that innovation can drive growth, independent of the global economic cycle. So if investors are looking to invest in a fund that helps them diversify their portfolio across sectors and geographies, the Kotak Global Innovation Fund of Fund can be the right fund for them.”