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Tuesday, April 21, 2015

Kotak India Growth Fund Series – I Floats On

NFO period is from 13 April to 27 April 2015 

Kotak Mutual Fund has launched a new fund named Kotak India Growth Fund Series – I, 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 13 April to 27 April 2014. 

The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity & 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%-100% in equity & equity related securities with medium to high risk profile and invest upto 20% of assets in debt & money market securities with low risk profile. 

Minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry & exit load charge will be Nil. 

The fund is benchmarked against CNX 200. 

Harish Krishnan will be the fund manager of the scheme. 
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