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Kotak Mutual Fund Launches Kotak Quant Fund
The scheme opens for public subscription starting from July 12th, 2023, and will close on July 26th, 2023
Photo Credit : Bloomberg
Kotak Mutual Fund on Wednesday launched Kotak Quant Fund, an open-ended equity scheme following Quant based investing theme.
The scheme opens for public subscription starting on 12 July 2023, and will close on 26 July 2023.
According to the company, investors can invest a minimum amount of Rs 5,000 and in multiples of Re.1 for purchases and Re 0.01 for switches. They can also invest through Systematic Investment Plan (SIP) Rs. 500/- (Subject to a minimum of 10 SIP installments of Rs. 500/- each) during the New Fund Offer (NFO) period.
The primary investment objective of the Kotak Quant Fund is to generate long-term capital appreciation by investing predominantly in equity and equity-related securities selected based on a quant model theme. It is important to note that there is no assurance that the investment objective of the scheme will be achieved, as per the company.
Nilesh Shah, Managing Director at KMAMC said, “Imagine an impactful partnership between an experienced umpire and advanced technology such as Decision Review System (DRS). In a similar fashion, Kotak Quant Fund combines the knowledge of our investment team with the invaluable insights obtained from our quant model. This dynamic collaboration, comparable to an umpire utilizing DRS, aims to construct a portfolio through a well-balanced and data-driven investment strategy. However, it is important to note that this fund should not be evaluated based on short-term performance and necessitates patience to witness results over a period of 3-5 years.”
Harsha Upadhyaya, CIO - Equity, KMAMC said, “Kotak Quant Fund seeks to generate long term capital appreciation with data-driven investing, where the wisdom of market data meets the quant model. By blending fundamental insights with behavioural factors, this open-ended equity scheme endeavours to deliver an optimized portfolio that paves the way for long-term capital appreciation. Embrace the future of investing and seize the potential for growth through our quant-based approach.”