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Friday, April 24, 2009

Kotak MF announces change in load structure

With effect from 4 May 2009

Kotak Mutual Fund has announced changes in load structure under Kotak Equity Arbitrage Fund with effect from 4 May 2009. The changes are:

Entry load: Nil

Exit load: For investment less than or equal to Rs 2 crore:

a. If redeemed on or before 90 days from the date of allotment of units: 0.60%

b. If redeemed after 90 days, on or before 180 days from the date of allotment of units: 0.50%

c. If redeemed after180 days from the date of allotment of units: Nil

Exit load: For investment greater than Rs 2 crore and less than Rs 25 crore:

a. If redeemed on or before 30 days from the date of allotment of units: 0.50%

b. If redeemed after 30 days from the date of allotment of units: Nil

Exit load: For investment greater than or equal to Rs 25 crore: Nil

Note:

Where investments is made by Fund of Funds as defined under Sebi regulations: Nil

Where units are allotted upon reinvestment of dividends: Nil

Kotak Equity Arbitrage Fund is an open ended equity growth scheme. The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market and by investing the balance in debt and money market instruments.

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