Kotak Mutual Fund launches Kotak Special Opportunities Fund

·       NFO opens on 10/06/2024; closes on 24/06/2024

Chennai, June 2024

Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) today announced the launch of Kotak Special Opportunities Fund, An Open-ended Equity Scheme Following Special Situations Theme. The scheme opens for public subscription on June 10, 2024 and closes on June 24, 2024.

The fund will offer investors with an opportunity to invest in the special situations theme. Throughout the journey of an economy, industry or company there are multiple challenges. These challenges lead to uncertainties and these lead to multiple opportunities. Kotak Special Opportunities fund aims to capitalize these opportunities. 

With Kotak special opportunities Fund, KMAMC aims to generate long term capital growth through investing in equity and equity related securities of companies benefitting from different special situations such as Company Specific Events, Corporate Restructuring, Government Policy change, Regulatory changes, Technology led Disruption or companies going through temporary but unique challenges, etc. The fund would look for such opportunities across market capitalization. Since such opportunities can arise across sectors, the portfolio is likely to be diversified.  

Nilesh Shah, Managing Director, KMAMC said, “India as a growing market is ever changing and dynamic leading to multiple special opportunities. For e.g. Launch of PLI and the world looking for China+1 created an opportunity for electronics manufacturing sector in India. A similar opportunity can also arise in a company which sees a management change, aiming to improve its prospect of future growth. 

These opportunities presented by Special Situations can arise in companies of any size, whether they are large cap, mid cap, or small cap. Our fund is not limited by any market cap or sector. This flexibility allows us to seek out and invest in the opportunities wherever they may be.”

The fund will be managed by Mr. Devender Singhal – Fund Manager with more than 22 years of industry experience in Indian Equity Markets. He has been working with Kotak AMC for more than 15 years and has been a consumer, auto and media analyst in the past.

Devender Singhal, Fund Manager, KMAMC said “A company’s path can be impacted by multiple events like policy changes, Mergers and Acquisitions, Industry Consolidations, Management changes, etc. For instance, the cement sector feeling the effects of industry consolidation or RERA’s impact on the real estate sector. Kotak Special Opportunities fund focuses on looking for such special situations. Special Situations demand professional analysis to assess the impact of uncertain events and capitalise on them.” 

Biraja Tripathy, Head Products, KMAMC said “Broad thematic funds such as Kotak Special opportunities Fund can be part of the portfolio of investors as these are generally diversified across sectors. Unlike sectoral funds which focus on opportunities in a single sector thereby warranting only a tactical allocation in investors portfolio, these funds can see strategic allocation because of their broad-based nature.”The scheme opens for public subscription on June 10th, 2024 and closes on June 24th, 2024. Investors can invest a minimum amount of Rs 100 and in any amount thereafter.