Kotak Mahindra MF introduces Healthcare Fund
Kotak Mahindra Mutual Fund (MF) has launched Kotak Healthcare Fund, an open-ended equity scheme investing in Pharma, Healthcare & allied sectors. The NFO opens for subscription on November 20, 2023 and closes on December 04, 2023. The Entry load is nil for the scheme. The Exit load is 1% - for redemption / switch out within 30 days from the date of allotment and nil - if units are redeemed or switched out on or after 30 days 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 against Nifty Healthcare Index (Total Return Index) and its fund managers are Shibani Sircar Kurian, Dhananjay Tikariha, Abhishek Bisen and Arjun Khanna.
The investment objective of the scheme is to generate long term capital appreciation through investing in equity and equity related securities of companies benefitting directly or indirectly Pharma, Healthcare, and allied sectors.
