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Kotak Mahindra (UK) Limited launches Kotak Funds: Indian Multi-cap Fund, a Luxembourg SICAV
October 2007
Kotak Mahindra (UK) Ltd. (KMUK) announced the launch of Kotak Funds: Indian Multi-cap Fund, a Luxembourg SICAV fund, investing in Indian equities with a multi-cap strategy. This Luxembourg registered open ended India SICAV which KMUK (a 100% subsidiary of India’s Kotak Mahindra Bank Ltd.) will be managing, is the first India specific multi-cap fund from the stable of an asset manager focused solely on India investments, to be made available to investors across Europe through a wide network of distributors.
To achieve long term capital appreciation (by being invested in equity and equity linked instruments of companies registered and listed in India), this daily traded Luxembourg SICAV fund aims to invest across the market capitalisation spectrum with a bias towards large and medium companies.
India is one of the leading investment destinations today and the huge capital inflows in the country mirror the confidence of foreign investors in the Indian economy’s ability to match this expectation. Luxembourg has developed as a major financial centre with a favorable environment for international banks and investment funds as it has been favored by fund groups who wish to register for cross-border business.
Paul Parambi, Head of International business at Kotak said, “Our international business focuses on providing value creating solutions to international investors seeking to invest into India. India is shaping up as an exciting investment destination and we have seen a surge in interest in India among investors from this region. The creation and launch of our first India SICAV fund from Luxembourg confirms Kotak’s commitment to Europe. This fund will provide a launch pad for new initiatives in this region. With our vast experience and stock picking strategy, we aim at giving European investors a slice of the India Growth story.”
About KMUK
Incorporated in the United Kingdom on November 21, 1994, KMUK is authorized and regulated by the Financial Services
Authority in the United Kingdom and its branch offices in Singapore and Dubai by the Monetary Authority of Singapore and
the Dubai Financial Services Authority respectively. KMUK is a member of the London Stock Exchange and is registered
with the Securities Exchange Board of India as a Foreign Institutional Investor (FII).
About Kotak group
The Kotak Group is one of the leading financial services conglomerates in India with significant presence in various
businesses including commercial banking, stock broking, asset management, life insurance and investment banking.
Contact Us
US
New York
Kotak Mahindra Inc
50, Main Street
Suite 310
White Plains
NY 10606
USA
Phone: +1 914 997 6120
San Francisco
Kotak Mahindra Inc
One Embarcadero Center,
Suite 500
San Francisco, CA. 94111
USA
Phone: +1 415 315 1572
Email:
UK
London
Kotak Mahindra (UK) Limited
6th Floor, Portsoken House
155-157 Minories
London EC3N 1LS
United Kingdom
Phone: +44 20 7977 6900
Email:
Dubai
Al Karama
Kotak Mahindra (UK) Limited
Office # 307 - 308,
Sharafi Building,
Opposite Burjuman Towers,
Al Karama,
PO Box# 121753
Dubai, UAE.
Email:
Singapore
Raffles Quay
Kotak Mahindra (UK)
Limited
16 Raffles Quay,
#35-02/03 Hong Leong Building,
Singapore 048581.
Phone: +65 6290 5590
Email:
Mauritius
Port Louis
Kotak Mahindra (International)
Limited
4th Floor, Les Cascades Building
Edith Cavell Street
Port Louis
Mauritius
Phone: +230 212 9800