NFO Update: Kotak Mutual Fund launches energy opportunities fund
Kotak Mutual Fund has announced the launch of Kotak Energy Opportunities Fund, an open-ended equity scheme following the energy theme.
The new fund offer or NFO of the scheme will open for subscription on April 3 and will close on April 17.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-119897869»>This fund provides a unique opportunity to capitalize on these advancements. India's total energy capacity is projected to double over the next 11 years, driven by rising demand from expanding sectors like electric vehicles, data centers, and urbanization, according to a release by the fund house.
The Kotak Energy Opportunities Fund aims to generate long-term capital growth by investing in equity and equity-related securities of companies engaged in or expected to benefit from the growth in energy and allied sectors.
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It aims to achieve long-term growth by investing in companies spanning the power, oil & gas, and renewable energy sectors. Additionally, the scheme may also invest in energy ancillary companies and capital goods companies. The fund will be agnostic to market capitalization, the release said.
“With the launch of Kotak Energy Opportunities Fund, we are providing our investors with an entry point into India's fast-evolving energy sector. With rising GDP levels, rising affluence, and new-age industries, the demand for energy is set to rise. Despite rising capacity, India is anticipated to face a