Kotak Mahindra Mutual Fund plans 3 sectoral offerings - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  
  • Home
  • Outlook Arena
  • Dec 22, 1999 - Kotak Mahindra Mutual Fund plans 3 sectoral offerings

Kotak Mahindra Mutual Fund plans 3 sectoral offerings

Dec 22, 1999

Kotak Mahindra Asset Management Company (AMC) has firmed up plans to launch three sector-specific funds by March 2000. Kotak Mahindra AMC, chief executive officer (CEO) Shekhar Sathe revealed, ‘We will be launching the pharma and fast-moving-consumer-goods (FMCG) sector funds in the next couple of months itself. As for the IT fund we will watch out for any Y2K related problems in the new year before deciding on the timing of the launch.’ This was reported by a leading business daily.

At present Kotak Mahindra has four schemes - K-30, K-Bond, K-Gilt, and K-Balance. In all, the AMC manages funds close to Rs 7 bn.

Earlier the MF industry witnessed a spate of sectoral offerings with even SBI MF and UTI hopping on the sectoral bandwagon. A large number of private funds (Kothari, Prudeintial-ICICI, Tata) had also launched sectoral funds with others like Alliance drawing up plans to come out with sectoral offerings. Not wanting to be left behind, now even Kotak Mahindra AMC has firmed up plans to ride the boom in sectors like IT.

Equitymaster requests your view! Post a comment on "Kotak Mahindra Mutual Fund plans 3 sectoral offerings". Click here!


More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

India: Recovery Stalled by Vaccine Games? (The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave (Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

A Stock with 700% Return Potential Comes with Additional Payoffs (Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

Why Did the Market Crash on Monday? (Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

A Unique Sector for Short-Term Profits (Fast Profits Daily)

Apr 12, 2021

This ignored sector could deliver big short-term profits.


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms