Kotak Mahindra Asset Management Company Limited or Kotak Mahindra Mutual Fund) on thursday announced the launch of the new Kotak Global Innovation Fund of Fund.
Opportunity
The newly launched fund will give investors an opportunity to invest in global innovators such as Amazon, Facebook, VISA, AstraZeneca, Netflix et al.
Date and investment limit
The new fund offer will be open from 8th July – 22nd July, 2021 and the minimum investment size is ₹5000.
Risk diversified portfolio
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.
About Wellington Global Innovation
Wellington Management is a US-based investment management firm with AUM of over US$ 1 trillion and manages the underlying fund and follows a stock selection process based on TIBR.
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.
Comment from President
Harsha Upadhyaya, “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.”
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