Kotak Mutual Fund files offers document for Make in India Fund
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Kotak Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Kotak Make in India Fund’. The New Fund Offer price is Rs 10. Entry load will be nil and Exit load 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. The Scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by Kotak India Manufacturing Total Return Index. The minimum application amount is Rs 5000 and Re 1 thereafter.
The investment objective of the scheme is to generate capital appreciation by investing in a diversified portfolio of companies that follow the manufacturing theme.
