Kotak Alternate Asset Managers raises Rs 2000 crore from its iconic fund
Kotak Alternate Asset Managers Limited announced that its iconic fund has successfully raised Rs 2,000 crore. Kotak Iconic Fund, an open-ended fund, has been conceptualised as an equity multi-advisor portfolio solution.
The fund has maintained a flexible approach by adopting diversified active and passive strategies across market capitalisation and tactical allocations, according to the press release.
Kotak Iconic Fund solves this with its disciplined framework-based investing and risk management to deliver a smooth investing journey.
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In today’s dynamic investing landscape, investors are finding it increasingly difficult to keep up with rising volatility and ever-changing market environment, which makes it challenging for investors to build and maintain equity portfolios across market cycles, said the press release.
«The journey to Rs 2,000 crore in AUM has been marked by unwavering dedication, resilience, and the trust of investors who have chosen Kotak Iconic as their preferred investment vehicle in the Indian equities space. Kotak Iconic Fund helps bring efficiency and operational ease to investors’ equity journey. The fund's team of seasoned professionals consistently identifies investment strategies that align with the fund's investment objective,” said Lakshmi Iyer, CEO – Investments and Strategy, Kotak Alternate Asset Managers.
“Kotak Iconic offers investors a one-stop solution for their equity
