Kotak Nifty India Tourism Index Fund: Kotak Mahindra Asset Management Company Limited (Kotak Mutual Fund) has announced the launch of Kotak Nifty India Tourism Index Fund today i.e. on 2 September 2024. It is an open-ended scheme tracking the Nifty India Tourism Index. This new fund offer is opening for public subscription on September 2, 2024 and will close on September 16, 2024.
Stocks will be selected from Nifty 500 index
The Kotak Nifty India Tourism Index comprises stocks selected from the Nifty 500 Index, representing the travel and tourism theme. The weightage of each stock in the index is based on its free-float market capitalization. The index comprises a portfolio of companies from various sectors that drive India’s tourism industry, such as airlines, travel infrastructure, hotels, restaurants and travel-related services.
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The index provides investors with insight into the growing tourism sector, enabling them to take advantage of changing travel trends such as staycations (holidays in one’s own country or at home), workcations (working while on holiday), increasing business travel and adventure. It provides a relatively cost-effective and transparent way to invest in the tourism sector, reflecting the ongoing changes in the way people travel and experience the world.
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Why can you invest in this fund
You can take advantage of the growth of India’s tourism sector through this scheme. India is one of the fastest growing tourism markets globally with growing domestic and international travel demand. This fund invests in the stocks of companies that benefit from this growth. This fund tracks the Nifty India Tourism Index, which includes a diverse range of companies within the tourism sector such as airlines, hotels, travel agencies and leisure services. This diversification helps reduce the risks associated with investing in a single company. As the economy recovers after the pandemic, the tourism industry is set for significant growth. By investing in this fund, you can take advantage of the long-term growth of this sector.
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Benefit from growth in tourism industry
Nilesh Shah, Managing Director, KMAMC said that at Kotak Mutual Fund, we aim to offer investment options in line with India’s dynamic economic space. Kotak Nifty India Tourism Index Fund opens up an opportunity for investors to participate in the rapidly growing tourism sector. Driven by the growing trend of travel and expansion of infrastructure, this fund provides an opportunity to benefit from the potential growth of India’s tourism industry.
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The tourism sector is an economic force
Devendra Singhal, Executive Vice President & Fund Manager, Kotak Mahindra AMC, said that India’s tourism sector is emerging as a major economic force with contributions from multiple industries such as airlines, hospitality and transport. Kotak Nifty India Tourism Index Fund is designed to enable investors to benefit from this broad ecosystem of growth in the tourism sector. Through this index-based strategy, we offer investors an easy and relatively cost-effective way to participate in the long-term growth of the tourism sector.
(Note: Past performance may or may not be maintained in the future. No recommendation is made in the above sectors and these are for information purposes only. Therefore, please consult a financial advisor before making any investment.)
