Kotak Mahindra Asset Management Company has launched of Kotak International REIT Fund of Funds.
It is India’s first diversified Real Estate Investment Trusts (REIT) Mutual Fund.
About Company
Kotak International REIT Fund of Funds offers an opportunity for domestic investors to invest and benefit from growth in real estate market without actually owning the entire asset.
Kotak Mahindra AMC is a wholly-owned subsidiary of Kotak Mahindra Bank.
Where does this scheme invest?
The Kotak fund will feed into a global fund managed by Japan’s Sumitomo Mitsui DS Asset Management (SMDAM), which invests in REITS in Singapore, Australia, Hong Kong and a few other countries.
This MF scheme will have a diversified investment portfolio comprising of listed REITs which will invest in real estate projects such as residential, office, data centres, warehousing, retail and hospitality.
Subscription Date
The new fund offer (NFO) opened for subscription on Monday, December 7 and will close on December 21.
Comment from Kotak AMC
Nilesh Shah, Managing Director ,”We wanted to offer investors global diversification.
Offering a REIT adds yet another element of diversification since it is not debt or equity.
In fact, a REIT is closer to debt than equity and hence can offer investors the advantage of rupee depreciation without some of the accompanying volatility of global equity.”
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