June 16, 2024 23:10 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
After his 'Lord Ram' taunt on BJP creates uproar, RSS leader makes a U-turn | NDA govt formed by mistake, can fall anytime: Congress chief Mallikarjun Kharge's claim | PM Modi returns to India after 'successful completion of G7 Outreach Summit' in Italy | Delhi LG approves prosecution of Arundhati Roy, Sheikh Showkat Hussain in 2010 provocative speech case | BS Yediyurappa, accused of harassing minor, can't be arrested till next hearing: Karnataka HC
Kotak Standard Multicap Fund renamed as Kotak Flexicap Fund
KotakMahindra
UNI

Kotak Standard Multicap Fund renamed as Kotak Flexicap Fund

| @indiablooms | 17 Feb 2021, 06:07 pm

Mumbai/UNI: Kotak Mahindra Asset Management Company (KMAMC) on Wednesday announced the re-naming of Kotak Standard Multicap Fund to Kotak Flexicap Fund.

This comes in line with SEBI’s categorisation mandate where multicap funds had to invest at least 25 pc of their corpus in large, mid and small cap stocks each. Flexicap funds however, have to have a minimum of 65 pc of their assets in equity and equity-related investments with no cap on how much should be invested in large, mid, or small caps. The fund has the flexibility to move across market capitalisation ranges.

Harsha Upadhyaya, President & CIO – Equity, Kotak Mahindra Asset Management Company, who also manages this fund, said, 'The underlying investment process, portfolio composition and expectations of risk/return remain the same, thus assuring investors of continuity of our investment philosophy and approach. Now, renaming the fund as Kotak Flexicap Fund, gives an additional flexibility for us to choose between various market capitalisation buckets.'

'Investment in the equities market is a long term game of patience to experience the compounding potential of equities. Investors are advised to stagger their investment through SIP / STP to tide over any short term volatility,' added Harsha.

The fund will continue to follow the top-down sectoral approach supplemented by bottom-up stock picks. The fund will also continue to take concentrated sector allocation diversified at a stock level.

The current portfolio has a right mix of cyclical and defensive stocks, and the large-cap allocation is approximately 3/4th of the total corpus (as on 29th January 2021).

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.