what is the listing price (NAV) of mahindra kotak indoworld infrastructer fund

l could not find its listing price yet but you try amfiindia.com and select the scheme detail option, here enter the fund and you will get selling and purchase prices along with other details of your and all other funds

Kotak Mahindra Asset Management Company has come out with a three-year close ended equity fund called Kotak Indo World Infrastructure Fund. The fund seeks to generate long-term capital appreciation by investing in stocks of domestic as well as global infrastructure companies. This fund would automatically be converted into an open ended fund after the expiry of three years.

The fund proposes to invest at least 65 per cent of the fund proceeds into Indian equities. It has an option of investing between 10-35 per cent in overseas infrastructure fund & upto 35 per cent may be invested in debt & money market instruments.

The fund has short-listed a global infrastructure fund of T. Rowe Price (to be launched soon) as the vehicle to invest in overseas markets. Kotak Mutual Fund had launched a fund focused on the emerging markets in July this year, which primarily invests in the units of T. Rowe Price SICAV-TGEMF.

Scheme Details
Issue Opens: November 27, 2007
Issue Closes: December 22, 2007
Type: Closed-end, equity scheme
Benchmark Index: S&P CNX Nifty to the extend of 65 per cent of the portfolio, & MSC l World Index to the extend of 35 percent of the portfolio.
Minimum Investment: Rs. 5,000
Entry Load: Nil
Exit Load: Nil. However, redemption will be permitted after deduction of unamortized initial issue expenses
Cost: Initial issue expenses, not exceeding 6 per cent of the corpus collected, would be amortized on a daily basis over the three-year close-ended tenure of the scheme.

About the Fund Managers
Mr. Krishna Sanghvi (responsible for domestic equity investments), along with Mr. Abhijeet Dey (responsible for overseas investments) & Mr. Ritesh Jain (responsible for debt investments) will collectively manage this scheme. Sanghvi has been with Kotak since 1997, working in different group companies - Kotak Mahindra Primus, Kotak Mahindra Finance & Kotak Mahindra Old Mutual Life Insurance. He has also worked with IDB l for two years. Presently he is the manager of Kotak 30, Kotak Balance, Kotak Income Plus, Kotak Opportunities & Kotak Lifestyle.

Mr. Abhijeet Dey has a total work experience of 6 years in the equity markets. His prior assignments were with consulting firm Frost & Sullivan India as an automotive industry analyst, & India Infoline as an equity research analyst.

Ritesh Jain is responsible for managing FMPs & some of the debt funds. He has a total experience of 7 years. He started his career in foreign exchange banking at Corporation Bank. Prior to joining the Kotak Mahindra group, he also worked briefly with Ranbaxy Laboratories, managing US$ 500 million of foreign exchange treasury. Jain joined the AMC in 2003 as part of the fund management team.

Performance History: Kotak Mutual
Kotak Mutual started in 1998 & currently manages assets worth Rs 22,577 crores. Of this, Rs 3024 crore, i.e. 13% is in 13 equity funds. On the performance front, it has been a mixed bag for Kotak. While funds like Kotak 30 & Kotak Opportunities boast of a very good performance record, others like Kotak MNC have remained laggards.

Opinion
Funds focused on infrastructure related companies have led the pack of top performing fund in recent past. But there r 13 existing funds to choose from. However, this offering from Kotak might be of interest to investors who want to tap the growth potential of global infrastructure related companies as well. This will also help spread the sharp downside risk, which can be particularly useful when Indian infrastructure stocks go out of favour domestically in a market downturn.