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Kotak Group expands US presence with launch of its first US mutual fund


Kotak Group, one of India’s leading diversified financial services providers, continues to build its US presence with the launch of the first US mutual fund from an India-based firm.

The ALPS Kotak India Growth Fund seeks to achieve long-term capital appreciation by investing in large-cap, mid-cap and small-cap Indian companies with high growth potential, and is intended to provide U.S. retail and institutional investors with an opportunity to gain broad exposure across all key sectors of India’s large and growing economy. ALPS Advisors Inc., will serve as the Fund’s investment advisor while Kotak Mahindra (UK) Limited, a subsidiary of the Group’s flagship Kotak Mahindra Bank, will act as sub-advisor and will manage the Fund’s investment portfolio.

"The launch of the ALPS Kotak India Growth Fund is a natural next step in the expansion of Kotak Group’s business and presence in North America," said Ravilochan Pola, CEO and President of Kotak Mahindra Inc., the Group’s North American arm based in New York.

"Launching our first US fund leverages the Groups strong asset management and India equities research capabilities to provide US investors with an opportunity to potentially benefit from the insights and perspective provided by an Indian financial institution with vast fund management experience, deep roots and nationwide presence in India."

Kotak Mahindra (UK) Ltd’s Nitin Jain (pictured) will serve as principal Portfolio Manager for the Fund and will oversee a team of fund managers and analysts seeking to identify the most attractive growth companies among India’s top listed companies representing all levels of market capitalisation and across all sectors.

"The India growth story is a multi-faceted one, driven by a number of key, sometimes inter-related themes and trends, including demographic led growth in consumption, expansion of the financial sector, massive investment in infrastructure, continued growth in India’s role as an outsourcing center and the cyclical impact of commodities," says Jain. "The Fund’s investment strategy reflects this dynamic macroeconomic environment and our flexible multi-cap, cross-sector approach is intended to maximize returns and lower volatility on behalf of our investors."

The ALPS Kotak India Growth Fund is distributed by ALPS Distributors, Inc. and is currently available through Oppenheimer & Co, Commonwealth, Credit Suisse, Fidelity, JP Morgan, Pershing, Schwab and TD Ameritrade.

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