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Kotak AMC s global innovation fund of fund collects over Rs 1,650 crore
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Last Updated: Jul 28, 2021, 09:01 PM IST
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The mutual fund firm s global innovation FoF scheme has tied up to invest in Wellington Global Innovation Fund units, which in turn invests in global innovators such as Alphabet, Facebook, Amazon, Walt Disney, VISA, AstraZeneca, and Netflix.
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Kotak Mahindra Asset Management Company on Wednesday said its global innovation fund of fund has collected over Rs 1,650 crore. The new fund offering (NFO) by Kotak Global Innovation FoF, which opened for subscription during July 8-22, mobilised over Rs 1,650 crore, surpassing the previous highest of Rs 1,626 crore garnered by Axis Global Innovation Fund of Fund in its first month AUM.
Kotak AMC's global innovation fund of fund collects over Rs 1,650 crore indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Axis Mutual Fund launches Global Innovation Fund of Fund
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Last Updated: May 06, 2021, 03:12 PM IST
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The fund house said that the fund is actively managed to access multiple disruption themes globally including – environment, automation, healthcare, finTech, communication, food & water, new consumer, digitalization, and e-Commerce.
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Axis Mutual Fund has announced the launch of their new fund – ‘Axis Global Innovation Fund of Fund’. The fund will provide investors with an opportunity to invest in Schroder International Selection Fund Global Disruption, an equity fund that aims to provide long term capital growth by investing in companies worldwide that benefit from disruption. The New Fund Offer (NFO) opens for subscription from May 10 to May 21.