Kotak Mahindra MF introduces Transportation & Logistics Fund
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Kotak Mahindra Mutual Fund has launched Kotak Transportation & Logistics Fund, an open-ended equity scheme following Transportation & Logistics theme. The NFO opens for subscription on November 25, 2024 and closes on December 09, 2024. The Entry Load is nil for the scheme. The Exit load will be 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 100/- and any amount thereafter.
The performance of the scheme will be benchmarked with Nifty Transportation & Logistics Index (Total Return Index (TRI) and its fund managers are Nalin Rasik Bhatt, Abhishek Bisen.
The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in transportation & logistics and related activities.
