Kotak Mahindra Asset Management Company (Kotak Mutual Fund), has launched Kotak International REIT Fund of Funds, India’s first diversified REIT Mutual Fund. REIT stands for Real Estate Investment Trust.
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About Kotak International REIT Fund of Funds:
- Kotak International REIT Fund of Funds is an open-ended mutual fund scheme that will invest in units of SMAM Asia REIT Sub Trust Fund.
- This mutual fund scheme will have a diversified investment portfolio comprising of listed REITs which will invest in real estate projects like residential, office, data centres, warehousing, retail and hospitality.
- The Kotak International REIT Fund of Funds will invest in units of Japan-based SMAM Asia REIT Sub Trust Fund.
- The SMAM Asia REIT Sub Trust Fund is one of the largest Asia Pacific (Ex Japan) REIT funds investing in listed REITs in the Asia Pacific region.
- It is managed by Sumitomo Mitsui DS Asset Management Company, which has a significant portfolio of listed Real Estate Investment Trusts in Singapore, Australia and Hong Kong.
Important takeaways for all competitive exams:
- MD of Kotak Mahindra Asset Management Company: Nilesh Shah.
- Kotak Mahindra Asset Management Company Headquarters: Mumbai, Maharashtra.
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