Kotak Mutual Fund Launches Services-Themed Equity Scheme

• Kotak Mahindra Asset Management Company (KMAMC) has introduced the Kotak Services Fund, an open-ended equity scheme focusing on India's services sector.
• The New Fund Offer (NFO) is open for subscription from February 4 to February 18, with a minimum investment of ₹1,000.
• The scheme will invest in service-oriented companies across diverse sectors like financial services, IT, telecom, healthcare, and logistics.
• It will employ a Growth at Reasonable Price (GARP) strategy and a bottom-up approach, investing across market capitalisations.
• KMAMC highlights the services sector's significant contribution to India's GVA (55%) and employment (31.5%), driven by rising incomes, digital adoption, and urbanisation.

Why It Matters: Kotak Mutual Fund's new scheme targets India's growing services sector, offering diversified investment opportunities.