The Kotak Global Innovation Fund of Fund (FoF) provides an opportunity for investors to have exposure to global, innovative and disruptive companies across various sectors including e-commerce, payment and healthcare. We bring you all the key details about the latest NFO, which opens on July 8.

Good to know

What is a fund of fund (FoF)?

A fund of fund (FoF) is a mutual fund scheme that invests in other mutual funds, exchange-traded funds and even hedge funds. It pools investors’ money and puts it in other schemes rather than directly investing in stocks or any other asset classes.

Investment objective

With the pandemic disrupting the global economy, Kotak Global Innovation FoF aims to provide exposure to companies which are at the forefront of innovating and capitalising on new trends. By investing in this scheme, investors can take advantage of futuristic themes like machine learning, automotive evolution and digital banking. 

The scheme will invest money in UK-based Wellington Global Innovation Fund, which holds between 40 and 70 companies at any given point including global giants like Amazon, Alphabet and Facebook. The $444 million fund has created a high conviction portfolio with a long-term perspective. 

The fund has beaten its benchmark index since its inception in February 2017.   

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Asset allocation

Instrument Allocation (% of total assets) Risk profile
Minimum Maximum
Units of Wellington Global Innovation Fund and/or any other similar overseas mutual fund schemes/ ETFs 95 100 Medium to High
Debt and Money Market Securities 0 5 Low to Medium

Scheme details

Name Kotak Global Innovation Fund of Fund
Type An open-ended fund of fund investing in units of Wellington Global Innovation Fund or any other similar overseas mutual fund schemes/ETFs.
Category Fund of fund
Benchmark MSCI All Country World Index TRI
Plans Direct and Regular
Domicile of the feeder fund Luxembourg
Load structure
  • Entry: Nil 
  • Exit: For within 1 year: 1%
    For after 1 year: Nil
Fund Manager Mr. Arjun Khanna
Minimum application amount ₹5,000 and in multiples of ₹1 thereafter.
Additional Purchase ₹1,000 and in multiples of ₹1 thereafter.
Expense ratio 2.25%

Click here to invest in the NFO

This product is suitable for investors who are seeking**: Riskometer
  • Long term capital growth
  • Investment in units of Wellington Global Innovation Fund or any other similar overseas mutual fund schemes/ETFs.
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**Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 

Note: The above information has been sourced from the Scheme Information Document provided by Kotak Asset Management. To read the entire document, click here

Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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