Udaipur : Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) is excited to announce the launch of the Kotak Transportation & Logistics Fund, an open-ended equity scheme focused on the Transportation & Logistics theme. The New Fund Offer (NFO) opens for subscription on November 25, 2024, and closes on December 9, 2024.
The Kotak Transportation & Logistics Fund aims to generate long-term capital growth by investing predominantly in equity and equity-related securities of companies engaged in transportation, logistics, and related activities. This theme encompasses businesses involved in transportation infrastructure, logistics services, innovative solutions for efficient and sustainable transportation, and financial companies supporting these sectors.
Nilesh Shah, Managing Director, KMAMC, stated, “With the launch of the Kotak Transportation & Logistics Fund, we provide investors an opportunity to participate in India’s rapidly transforming transportation and logistics theme. This growth is fuelled by rising vehicle ownership, the shift from fossil fuel engines to electric vehicles, and increasing per capita GDP. Major government initiatives like Bharatmala and GatiShakti will enhance efficiency and expand business opportunities in the logistics Industries. With India’s expanding manufacturing Industry, the transportation and logistics industry is set for significant expansion.”
Harsha Upadhyaya, Chief Investment Officer – Equity & Fund Manager, KMAMC, added, “The transportation and logistics theme stands to benefit from multiple tailwinds, including growing consumption, increasing per capita GDP, and the growth of e-commerce, auto, and auto-ancillary businesses. The government’s focus on reducing transportation costs by creating an efficient logistics network will not only aid sector growth but also attract new players. Over the last five years, there has been a 44% increase in the number of listed companies in this space. Demand for transportation and logistics services is expected to grow significantly as the India Story unfolds in the coming years.”
The fund will be managed by Nalin Bhatt, who has been with Kotak Mahindra AMC since February 2016 and has over 20 years of experience in equity research and fund management.
