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Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘Kotak Business Cycle Fund’. The New Fund Offer price is Rs 10. Entry load will be nil. For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% If units are redeemed or switched out on or after 1 year from the date of allotment: NIL Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. The Scheme offers Direct Plan and Regular Plan for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked with Nifty 500 Total Return Index. The minimum application amount is Rs 5000 per application and in multiples of Re 1 thereafter.

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.