INSUBCONTINENT EXCLUSIVE:
investment philosophy of the money managers at Kotak Pioneer Fund, which is seeking to generate alpha from a portfolio of companies that are
Conversely, these innovators are also tipped to dislodge current cash cows, upending existing business models and generating long-term
returns.
The new fund offer is currently open and closes for subscription on October 23
The scheme, which will be managed by Harish Krishnan, notes that business models are changing rapidly and companies that pioneer and adapt
to change are more likely to succeed in the future.
Considering this, the fund will look at building a portfolio of companies that seek to
benefit from newer forms of production, technology, distribution or processes that are likely to challenge existing markets or value
networks, and displace established market leaders, or bring in novel products and business models.
In doing so, it will follow a multicap
approach, and build a portfolio of primarily large cap and mid cap companies that are innovators and pioneers, with sustainable growth
potential and evident competitive advantage.
The fund also has the mandate to go beyond India, and will invest up to 35% in overseas
funds/ETFs/securities investing in similar themes
The global portion will be invested through the fund of fund route into the CI Signature Global Technology Fund.
Wealth managers believe
Advisors.
Distributors believe this product is not for first-time investors who should focus instead on building a mutual-fund portfolio
