Kotak Technology Fund: Kotak Mahindra Asset Management Company Limited (KMAMC) has announced the launch of its new scheme Kotak Technology Fund. It is an open-ended equity scheme investing in technology and technology related sectors, which provides an excellent opportunity to investors to invest in the dynamic and fast growing technology sector. Indian companies are well positioned to navigate the new technology environment, with companies expanding their offerings into new-age services such as cloud, AI, fintech, cyber security, or engineering research and development (ER&D). India's leadership in the data revolution offers substantial market opportunities.
Oldest Mutual Funds: 4 oldest mutual fund schemes, have given returns up to 375 times to investors
You can start investing from Rs 100
The new fund offer for Kotak Technology Fund is opening on 12 February 2024 and will close on 26 February 2024. Investors can start investing in it (mutual funds) with a minimum of Rs 100 and after that there is no maximum limit for investment in the scheme. Additionally, investors also have the option to invest through Systematic Investment Plan (SIP) starting from Rs 100 and any amount thereafter.
Power of SIP: Those who do SIP of Rs 5000 every month become millionaires, these are the 5 schemes with best returns in 20 years
Increase in IT spending
The data shows that global IT expenditure growth has been structurally strong over the last decade and beyond. During this period, expenditure on IT services is continuously increasing. Of the top 10 IT services companies globally, 8 are Indian (Source: NSE/BSE/recognized stock exchanges). Kotak Technology Fund aims to take advantage of these dynamics which show significant growth potential.
Highest interest paying scheme of post office, you can earn Rs 20050 every month
Investment is increasing in technology sector
KMAMC Managing Director Nilesh Shah said that investing in technology has now become not just an option but a way to stay ahead in the rapidly evolving global environment. Technology plays an important role in taking India's growth story forward. Kotak Technology Fund is in line with the growing importance of the technology sector and offers investors an opportunity to participate in the growth potential of the technology sector. With a focus on companies showing growth at attractive valuations, this technology fund follows a bottom-up stock picking strategy, backed by in-house research without any market cap constraints.
Small Savings: Deposit 10 thousand monthly in RD, see the benefit after completion of the scheme.
strong cash flow
Shibani Kurian, fund manager, Kotak Technology Fund and head-equity research at KMAMC, said that despite global uncertainty, Indian IT companies have delivered strong cash flows with margin performance, growth in ROE profile and high dividend payouts. Have done (Source: KMAMC Internal Research). Our aim is to navigate this efficiently by promoting value creation for our investors over the long term with Kotak Technology Fund.
Invest with expert advice
Kotak Mahindra Asset Management Company said in a note that past performance is not indicative of future results. Investors are advised to consult their financial advisor and tax advisor to determine the suitability of the product. Kotak Mahindra Asset Management Company Limited does not guarantee or promise any returns. The portfolio and its composition is subject to change depending on market conditions. For detailed features of the scheme, please refer Scheme Information Document (SID).