- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1290 Broadway, Suite 1100 Denver CO United States of America 80203
- IPO Date
- Feb 14, 2011
- Business
- ALPS/Kotak India ESG Fund (INDAX) is a mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets, plus any borrowings for investment purposes, in equity and equity-linked securities of Indian companies, with a focus on those demonstrating strong environmental, social, and governance (ESG) characteristics. The fund offers multiple share classes, including Investor Class (INDAX), Class A (INAAX), Class I (INDIX), and Class C (INDSX), providing exposure primarily to large- and mid-cap Indian equities across sectors such as financials, information technology, consumer discretionary, and industrials; it targets institutional and retail investors seeking India-specific growth opportunities. Managed as part of the SS&C ALPS Advisors family of funds, it employs a bottom-up investment approach emphasizing companies with sustainable practices, robust governance, and growth potential in India's emerging market economy.
The fund was incepted on February 14, 2011, and is domiciled in the United States with advisory services provided by ALPS Advisors, Inc., headquartered at 1290 Broadway, Suite 1100, Denver, Colorado, and sub-advised by Kotak Mahindra Asset Management (Singapore) Pte. Ltd., a subsidiary of the Kotak Mahindra Group based in Mumbai, India.
In a significant recent development effective September 2, 2025, the fund changed its name from ALPS | Kotak India ESG Fund to Kotak India Equity Fund and revised its principal investment strategy to broaden beyond strict ESG constraints, aligning with European Securities and Markets Authority (ESMA) guidelines on sustainability-related terminology in fund names; this followed an earlier policy shift on August 23, 2025, and mirrors changes in the underlying Kotak Funds - India ESG Fund, which rebranded to Kotak India Growth Fund effective January 17, 2025.