Kotak Mutual Fund Launches Kotak Services Fund: NFO Opens February 4

• Kotak Mutual Fund introduces Kotak Services Fund, an open-ended equity scheme focused on India's service sector.
• The service sector contributes approximately 55% to India's GVA and employs 31.5% of the workforce, highlighting its economic importance.
• The fund will invest in diverse service-based sectors including consumer services, telecom, healthcare, and financial services.
• Investment strategy combines Growth at Reasonable Price (GARP) with a bottom-up BMV (Business, Management, Value) framework.
• Minimum investment during NFO is Rs 1,000, targeting long-term capital growth from service-oriented companies.

Why It Matters: Kotak Services Fund offers investors a chance to capitalize on India's booming service sector growth.