Financial Daily from THE HINDU group of publications
Tuesday, Aug 10, 2004
Financial Daily from THE HINDU group of publications Tuesday, Aug 10, 2004 |
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Markets
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Mutual Funds Opportunities equity fund from Kotak Our Bureau
Mumbai , Aug. 9 KOTAK Mahindra Mutual Fund has launched Kotak Opportunities, an open-ended equity growth scheme. The fund is an aggressive scheme with a flexible investment style, where the fund manager will look for opportunities in the market and can invest a high proportion of the portfolio in sectors he feels will outperform others over the short - medium term, according to the asset management company. The fund is for investors with a long-term investment horizon. The fund would primarily invest in sectors such as IT, pharmaceuticals, banking, cement, infrastructure, auto, engineering etc, according to Mr Rushabh Sheth, Head - Equities, Kotak Mahindra Mutual Fund. The fund carries an entry load of 2.25 per cent and the initial public offer remains open from July 27 - August 25.
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