Kotak launches India infrastructure fund
Kotak Mahindra will investors the chance to capitalise on the emerging markets infrastructure overhaul.
The Kotak India Infrastructure Fund, launched by Kotak’s UK subsidiary and managed by Nitin Jain, will invest in companies directly or indirectly involved in the infrastructure sectors in India with the aim of providing long-term capital appreciation.
The close-ended fund will be domiciled in Guernsey and listed on the London Stock Exchange.
“The listed Indian infrastructure universe is broad, liquid and deep with over 360 listed entities having a market capitalisation of over $50 million. With the increased government spending, the sector is poised for a valuation re-rating in the coming years, and may offer superior long-term risk adjusted returns,” said Jain.