New Delhi, Nov. 2 -- Kotak Mahindra Asset Management Company (KMAMC) on has launched a new fund offer (NFO) for the Kotak Nifty Realty Index Fund, an open-ended scheme that seeks to replicate and track the Nifty Realty Index. It gives subscribers access to the country's evolving real estate opportunity, the company said in an official release.

India's real estate sector is on track to become a US$1 trillion market, supported by strong residential demand, commercial expansion, infrastructure spending and urbanisation. "The opportunity spans residential, commercial, retail, hospitality and industrial warehousing segments," it added.

The fund thus comes amid growing opportunity in the real estate sector, which is benefiting from structural...