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Tuesday, July 28, 2009

Kotak Select Focus Fund modifies load structure

NFO period from 22 July- 20 August 2009

Kotak Mutual Fund has revised the load structure during New Fund Offer (NFO) of Kotak Select Focus Fund, an open-ended equity scheme. The new issue is opened for subscription from 22 July till 20 August 2009.

As per the revision, the scheme will levy an entry load of 2.25% for investment amount less than Rs 5 crore. For investment amount greater or equal to Rs 5 crore, there will be no entry load. The scheme will not charge any entry load for direct applications to AMC.

There will be an exit load of 1.00% for investments less than Rs 5 crore, if redeemed before 2 years from the date of allotment. For investment greater than or equal to Rs 5 crore, for redemptions/ switch outs within 182 days from the date of allotment, 1% will be the exit load while for redemptions on or after 182 days from the date of allotment, no exit load will be applicable.

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