Kotak Mutual Fund
(MF) has launched a new fund named Kotak
MF India Growth Fund Series - II, a 3 years close ended equity schemes.
The tenure of the
scheme is 3 years after the date of allotment. The new fund offer price for the
scheme is Rs. 10 per unit.
The new issue will
open for subscription from 22 September to 6 October 2015.
The investment
objective of the scheme is to generate capital appreciation from a diversified
portfolio of equity and equity related instruments across market capitalization
and sectors.
The scheme offers
two options viz. growth and dividend payout option under both regular and
direct plan.
The scheme would
invest 80% to 100% in equity and equity related securities with medium to high
risk profile and invest upto 20% of assets in debt and money market securities
with low risk profile.
Minimum application
amount is Rs. 5,000.
Entry and exit load
charge will be Nil.
The fund is
benchmarked against CNX 200.
Harish Krishnan
will be the fund manager of the scheme.
No comments:
Post a Comment