Mumbai: Kotak Alternate Asset Managers Ltd, the asset management arm of Kotak Mahindra Bank, on Monday said it has raised Rs 2,000 crore for investment in equities.
According to a company statement, Kotak Alternative Asset Managers' 'Iconic Fund' is a SEBI-registered Category II Alternative Investment Fund (AIF) and is an open-ended platform with the concept of an equity multi-advisor portfolio solution.
The fund aims to solve the challenge of building and maintaining an equity portfolio amid the difficulties faced by investors due to market volatility.
"The fund's team of experienced professionals continuously identifies investor strategies that are in line with the fund's investment objective," said Lakshmi Iyer, chief executive, investment and strategy, Kotak Alt.
Nishant Kumar, head of discretionary portfolio solutions, Kotak Alts, said the fund's team conducts rigorous research and adopts a disciplined approach along with good risk management practices.
It said the Iconic Fund can accept investments from five offshore jurisdictions including the US, UK, Singapore, DIFC and Hong Kong.
According to a company statement, Kotak Alternative Asset Managers' 'Iconic Fund' is a SEBI-registered Category II Alternative Investment Fund (AIF) and is an open-ended platform with the concept of an equity multi-advisor portfolio solution.
The fund aims to solve the challenge of building and maintaining an equity portfolio amid the difficulties faced by investors due to market volatility.
"The fund's team of experienced professionals continuously identifies investor strategies that are in line with the fund's investment objective," said Lakshmi Iyer, chief executive, investment and strategy, Kotak Alt.
Nishant Kumar, head of discretionary portfolio solutions, Kotak Alts, said the fund's team conducts rigorous research and adopts a disciplined approach along with good risk management practices.
It said the Iconic Fund can accept investments from five offshore jurisdictions including the US, UK, Singapore, DIFC and Hong Kong.
