Kotak Mahindra Asset Management Introduces Kotak BSE PSU Index Fund

Nilesh Shah, Managing Director of Kotak Mahindra Asset Management, stated “Kotak Mutual Fund gives varied investment solutions to different risk appetites and investment goals.” The Kotak BSE PSU Index Fund reflects this by providing investors with a systematic strategy to passively participate in the growth of PSU enterprises while reducing risk via diversification, the release added.Devender Singhal, Executive Vice President and Fund Manager at Kotak Mahindra AMC emphasized the fund’s strategic relevance, pointing out that public sector firms are crucial in areas such as energy, finance, military, and infrastructure. This indexing technique enables investors to profit from public sector development and reforms, giving a low-cost and well-managed investment opportunity.Kotak Mahindra Asset Management Company Limited, a subsidiary of Kotak Mahindra Bank Ltd, manages Kotak Mahindra Mutual Fund. Established in December 1998, KMAMC oversees approximately 58.83 lakh investor folios across its different schemes as of March 31, 2024. As per the release, KMF offers programs tailored to investors with varied risk-return profiles, and it was the first in India to create a dedicated gilt program centred on government assets. As of March 31, 2024, the corporation has 94 cities and 101 branches.

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