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Kotak Mahindra Mutual Fund (MF) has launched Kotak Business Cycle Fund, an open-ended equity scheme following business cycles based investing theme. The NFO opens for subscription on September 07, 2022 and closes on September 21, 2022. The Entry load is not applicable for the scheme. There would be no exit load for redemption/ switch out of up to 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment. Exit load will be 1%, if units redeemed or switched out are in excess of the limit within 1 year from the date of allotment. If units are redeemed or switched out on or after 1 year from the date of allotment, exit load will be nil for the scheme. Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. The minimum subscription amount is Rs 5000 per application and in multiples of Re 1 thereafter. The performance of the scheme will be benchmarked against Nifty 500 Total Return Index and its fund managers are Pankaj Tibrewal, Abhishek Bisen, and Arjun Khanna.

The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.