Kotak Mutual Fund has announced the launch of Kotak Energy Opportunities Fund, an open-ended equity scheme following the energy theme.

The new fund offer or NFO of the scheme will open for subscription on April 3 and will close on April 17.

This fund provides a unique opportunity to capitalize on these advancements. Indias total energy capacity is projected to double over the next 11 years, driven by rising demand from expanding sectors like electric vehicles, data centers, and urbanization, according to a release by the fund house.

The Kotak Energy Opportunities Fund aims to generate long-term capital growth by investing in equity and equity-related securities of companies engaged in or expected to benefit from the growth in energy and allied sectors.