Bringing you live news and features since 2006 

KMUK to float Kotak India Infrastructure Fund


Kotak Mahindra (UK) Ltd (KMUK), a wholly owned subsidiary of India’s Kotak Mahindra Bank, is to launch the Kotak India Infrastructure Fund Limited, a new closed-ended investment company incorporated in Guernsey which will be listed on the London Stock Exchange.

The fund’s investment objective will be to provide shareholders with long term capital appreciation by primarily investing in listed and to-be-listed equity and equity linked securities of companies registered in India or deriving a significant portion of their business from India.  nvestec Bank plc has been appointed as Sponsor and Broker in connection with the Issue.

Kotak Mahindar is looking to raise a maximum of GBP100m through an institutional placing and an offer for subscription aimed at private investors. Investors will be given exposure to a portfolio of 40-60 companies involved in India’s fast growing infrastructure sector.

Using a mix of top-down and bottom up stock selection strategy, Nitin Jain, the principal fund manager, will focus on investing in a diversified portfolio to capitalise on India’s growing private sector involvement in the infrastructure sector.
India’s infrastructure sector has been largely insulated from the global macroeconomic environment.  It has been recognised as pivotal to sustaining an overall GDP growth of +8%. The Indian Government has earmarked USD1 trillion of spending targeted at the infrastructure sector over the next few years, with the private sector set to benefit from this sectoral push.  

“The listed Indian infrastructure universe is broad, liquid and deep with over 360 listed entities having a market capitalisation of over USD50 million," says Nitin Jain. "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.”

Latest News

Invesco’s Paul Syms, Head of EMEA ETF Fixed Income and Commodity Product Management, has commented on the gold price, saying:..
Everysk, a provider of customisable, no-code, low-code intelligent automation solutions, has been chosen as a strategic partner of Dynamic Beta..
Rize ETF has listed its new Rize Circular Economy Enablers UCITS ETF (CYCL) on the London Stock Exchange (LSE) and..
DWS has launched a new Xtrackers ETF based on European Nordic equity markets, aligned with the goals of the 2015..

Related Articles

Stephanie Miller Pierce, BNY Mellon
The three-year anniversary of BNY Mellon Investment Management’s launch of ETFs was marked by the quarter one growth of 172...
South Korea Flag
The overall trend in retail subscriptions to mutual funds in Korea is shifting gradually toward ETFs, as exchange-traded offerings have...
“The beauty of ETFs is that you can have effectively a rules-based strategy at low cost” says Laurent Kssis, head...
Henry Timmons, RBA
Henry Timmons, director of ETFs and Michael Contopoulos, director of fixed income at Richard Bernstein Advisors are on a mission...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by