Kotak Mutual Fund launches Kotak Services Fund

Kotak Mahindra Asset Management Company Ltd. (KMAMC) announced the launch of the Kotak Services Fund, an open-ended equity scheme designed to tap into India’s fast-expanding services sector, which contributes about 55 per cent to the country’s Gross Value Added (GVA) and employs nearly one-third of the workforce. The New Fund Offer (NFO) is open for subscription through February 4 and 18.

The fund follows a services-led investment theme and seeks to benefit from structural growth across segments such as consumer services, financial services, IT, healthcare, telecom, logistics, power, and oil & gas. These sectors, according to the fund house, continue to scale rapidly, supported by rising incomes, digital adoption, urbanisation, and increasing demand for organised services.

Nilesh Shah, MD, KMAMC, said: “India’s services economy is undergoing a structural transformation. “These forces are reshaping how Indians consume, transact, and access essential services. With the Kotak Services Fund, we aim to build a portfolio that captures the evolving opportunities within this space and delivers long-term value to investors.”