Kotak offers new India Growth fund

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Kotak Mahindra (UK) Ltd is to launch its India Growth fund, the third sub fund of Kotak Funds which is a UCITS III compliant SICAV domiciled in Luxembourg.

The fund aims to generate long-term capital appreciation through investing in large and mid-cap Indian companies with high growth potential, and which correspond with key investment themes: Infrastructure, Financial Services, Outsourcing, and Consumption-led demographics.  It will adopt a combined approach of top-down sector driven and bottom-up stock selection, with a bias towards large-cap companies and flexibility for the manager to invest in mid and small caps. Nitin Jain, principal fund manager for Kotak's long-only strategies will manage the fund. He also manages the Indian Multica...

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