Kotak Mahindra Asset Management Launches India’s First International REIT Fund Of Funds

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.
The new MF scheme is an open-ended mutual fund scheme that will have a diversified investment portfolio comprising listed REITs, which will invest in realty projects in the residential, office, data centre, warehousing, retail and hospitality segments.
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.