Financial Daily from THE HINDU group of publications
Wednesday, Jan 25, 2006
Financial Daily from THE HINDU group of publications Wednesday, Jan 25, 2006 |
|
|
|
|
|
|
|
Markets
-
New Fund Offer Kotak launches lifestyle fund Our Bureau
Mumbai , Jan. 24 KOTAK Mahindra Mutual Fund has launched Kotak Lifestyle, a diversified open-ended equity growth scheme that enables investors to ride the wave of consumerism. Mr Sandesh Kirkire, CEO, Kotak Mahindra Asset Management Company, said, "Through Kotak Lifestyle, we would like to capture the surging sectors of India's economy that will benefit from the ever increasing consumption boom." The scheme seeks to generate long-term capital appreciation from a portfolio of equity and equity-related securities spread across those companies that are likely to benefit by changing lifestyle and rising consumerism in India. Mr Kirkire said the investment strategy of the AMC is directed towards investing in those stocks, which in the opinion of the investment managers are priced at a "material discount to their intrinsic value." The new fund offer opened on Tuesday and will close on February 22.
More Stories on : New Fund Offer
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|