The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of multi-national companies (MNC). However, there is no assurance that the objective of the scheme will be achieved.
The scheme aims to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of Multi-national Companies (MNC). The scheme investment will be active in nature. MNC shall mean and include a company incorporated/registered in Indiawherein - 1. The foreign promoters account for more than 50% of the shareholding/ voting rights / equity capital; or 2. Any Indian company that is a Joint Venture (JV) with a foreign company where the Foreign Co will have more than 26 % of shareholding/ voting rights / equity capital; or 3. Any Indian company having more than 50% of its turnover/ revenue/assets from regions outside India; or 4. Any company which operates in multiple countries and derives more than 50 % of revenue from such regions or has more than 50 % of its assets in such regions. Such regions refer to as regions/countries other than the parent country (where the company is incorporated/registered). The following are indicative list of sectors, as per the AMFI sector classification, are examples where such MNCs may operate: Automobile and Auto Components Capital Goods Chemicals Construction Construction Materials Consumer Durables Consumer Services Diversified Fast Moving Consumer Goods Financial Services Forest Materials Healthcare Information Technology Media, Entertainment & Publication Metals & Mining Oil, Gas & Consumable Fuels Power Realty Services Telecommunication Textiles Utilities The Fund Manager may add stocks or sectors from the Nifty MNC (TRI) and the AMFI classification list, and can also include those aligning with the MNC theme. The fund manager will also consider business fundamentals, industry outlook, absolute as well as relative valuations, growth outlook and corporate governance of MNC companies. Although the scheme will predominantly invest in stocks as per the Multi-National Companies (MNCs) theme, it retains the flexibility to take some exposure beyond the theme based on the asset allocation pattern of the scheme. The scheme may use Derivatives traded on recognized stock exchanges for the purpose of hedging, portfolio rebalancing and other purposes as may be permitted by SEBI. The scheme may invest in Debt & Money Market Instruments primarily for Liquidity purposes as well as for the purpose of meeting redemptions. The scheme may look to invest overseas for the purpose of diversification in terms of markets and currency. This can help the scheme in achieving higher returns, especially in markets that are experiencing strong economic growth or have undervalued assets. However, given the theme of the scheme, such exposure will be limited to a maximum of 20% of Net assets. The Scheme may use SLBM for earning additional income for the scheme with a lesser degree of risk. Scheme may invest in the units of Mutual Fund schemes of Kotak Mahindra Mutual Fund or any other Mutual Funds in terms of the prevailing SEBI (MF) Regulations. The scheme may take an exposure in units of REIT and InvITs at an opportune time to generate income from real estate or infrastructure assets. Investing in units of REITs and InvITs has the potential to generate capital appreciation and regular income streams.
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