Kotak Launches Multi-Strat Equity Offering

May 9 2008 | 5:22am ET

Kotak Mahindra has launched a muti-strategy offering to take advantage of the volatile markets in India.  The firm’s India Dynamic Fund is looking to generate 20% per annum “irrespective of market direction” and to “minimize monthly downside volatility” by using a mix of strategies such as core equity, long/ short equity, and cash/arbitrage.

R. Rajagopal, portfolio manager, said, “The primary strength of the fund’s investment strategy is that it is multi-dimensional and adaptive to different stages of the market cycle.”

Paul Parambi, head of international business at Kotak Mahindra Bank, said that while India is forging ahead at a potential real GDP growth of 8% per annum, the region’s growth rate has been anything but smooth.

“The markets have increasingly gotten volatile, leading to sharp corrections and to subsequent dynamic changes in sector and market capitalization leadership throwing open many investment opportunities,” he said. “The Kotak India Dynamic fund aims to take advantage of these opportunities.”

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