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Kotak Mutual launches equity growth scheme

By Our Corporate Reporter

CHENNAI DEC. 30. Kotak Mutual Fund has come out with an open-ended equity growth scheme `Kotak Global India' which will invest in companies that have the ability to compete globally. The aim is to generate capital appreciation from a diversified portfolio mainly comprising equity and equity- related securities.

According to C. Jayaram, Executive Director, Kotak Mahindra Bank, and director Kotak Mahindra Asset Management Company, there were around 100 Indian companies, which could deliver product and services that competes with the best in the world. These companies had a major presence in export markets and the con tribution of international business to total revenues would be significant.

The investment would be diversified across a group of companies with a long-term investment horizon.

The scheme is open for subscription till January 16 for the initial offer.

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