Kotak Technology Fund NFO: Essential details you need to know

15 Feb 2024 , 10:52 AM

Kotak Mahindra Mutual Fund is launching NFO under its “sector category”, named as Kotak Technology Fund. The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of Technology and technology related sectors.

Investment strategy: The fund will follow a market cap agnostic and bottom-up approach to stock-picking and choose companies which are expected to derive benefit from development, use and advancement of technology.

Asset allocation: The scheme aims to invest in a portfolio of predominantly equity & equity related securities of Technology & Technology related sectors.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in technology stocks should invest in Kotak Technology Fund. 

Risk associated: Very high level of risk.

Benchmark: S&P BSE Teck Index (TRI).

Fund Managers: Ms. Shibani Sircar Kurian, Mr. Abhishek Bisen and Mr. Arjun Khanna

The NFO is available for subscription from February 12 to February 26. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 100/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Kotak Technology Fund.