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Kotak Mahindra Mutual Fund (MF) has launched the Kotak Multicap Fund, a close ended Income Scheme. The NFO opens for subscription on September 08, 2021, and closes on September 22, 2021. The Entry load is nil for the scheme. The Exit 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 and 1% exit load will be charged, if units redeemed or switched out are in excess of the limit within 1 year from the date of allotment. There will be no exit load if units are redeemed or switched out on or after 1 year from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 for purchase and Re 0.01 for switches.

The performance of the scheme will be benchmarked to the performance of Nifty 500 Multicap 50:25:25 Total Returns Index and its fund managers are Harsha Upadhyaya, Devender Singhal, Abhishek Bisen and Arjun Khanna.

The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities across market capitalization.