Kotak Consumption Fund: Chance to grow wealth by investing in India’s consumption growth story

Kotak Mahindra Asset Management Company has launched the Kotak Consumption Fund, an Open-Ended Scheme that will invest in equity, equity-related securities of companies engaged in consumption and consumption-related activities. The New Fund Offer (NFOR) of the scheme opened for subscription on October 25, 2023, and it will close on November 8, 2023.

The fund will offer investors an opportunity to invest in India’s consumption potential, which is being driven by the trinity of structural, cultural and digital factors. The structural growth is led by a shift towards organized markets due to urbanization and rising incomes. Increasing discretionary spending due to the rise of nuclear and aspirational families is creating a cultural influence, leading to higher consumption. This is further propelled by a digital impact leading to a surge in online shopping and internet usage.

Also Read: New Fund Offer: Bajaj Finserv Banking and PSU Fund; check details

Nilesh Shah, Managing Director, KMAMC said, “With the launch of Kotak Consumption Fund, we are offering a window for our investors to be a part of the country’s fast-evolving consumption story. It’s abouttapping into the shift from basic to smart – from analogue to digital, from feature phones tosmartphones, and from single-brand to multi-brand retail choices. This change reflects not just a change in buying capacity, but also a shift in aspirations. We offer this fund for our investors who want to be a part of the country’s growing consumption story and are looking for resilient sectors.”

The fund will be managed by Devender Singhal who has been with Kotak Mahindra AMC for over 15 years.

According to Devender Singhal, EVP, KMAMC, “Country’s consumption story is still unfolding. The consumption potential is driven by our country’s rising income, strong digital revolution, uniquedemographic makeup, and changing consumer trends. The Kotak Consumption Fund offers investors an avenue to participate in our nation’s aspirations, targeting investments in the opportunities within the resilient consumption sector.”

The scheme opened for public subscription on October 25th, 2023 and closes on November 8th, 2023. Investors can invest a minimum amount of Rs 5,000 and subsequently in multiples of Re.1 for purchase and Re 0.01 for switches during the NFO period.

Disclaimer: The above content is for informational purposes only, based on a press release by Kotak Mahindra AMC.Mutual Fundinvestments are subject to market risks. Please consult your financial advisor before investing.