Kotak Mahindra Asset Management Company on Monday introduced the launch of Kotak International REIT Fund of Funds, an open-ended mutual fund scheme that can spend money on models of SMAM Asia REIT Sub Trust Fund. The nation’s first diversified REIT Mutual Fund, the scheme could have a diversified funding portfolio comprising listed REITs, which can spend money on realty tasks within the residential, workplace, information centre, warehousing, retail and hospitality segments, Kotak Mahindra AMC mentioned in an announcement.
The new fund provide (NFO) opened for subscription on Monday, December 7. and can shut on December 21.
“While REIT market has seen limited growth in India, the Asia Pacific region provides a phenomenal opportunity for local investors to benefit from growth across sectors of real estate,” mentioned Nilesh Shah, managing director and CEO, Kotak Mahindra Asset Management Company.
“These regions are expected to see a massive demand in real estate backed by growth in consumer spending, urbanization and becoming the epicentre of global trade,” he mentioned.
The Kotak International REIT Fund of Funds gives a chance for home traders to take a position and profit from development in actual property market with out really proudly owning the whole asset, mentioned Kotak Mahindra AMC, a wholly-owned subsidiary of Kotak Mahindra Bank.
Investment within the REIT Fund of Funds provides traders a chance to create a extra balanced portfolio with asset allocation past the standard fairness and debt devices. The SMAM Asia REIT Sub Trust Fund is among the largest Asia Pacific (Ex Japan) REIT funds investing in listed REITs within the Asia Pacific area, the corporate mentioned.