Kotak Mahindra Mutual Fund files offer document for Multi-Factor Fund
Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme that follows multi factor-based investment strategy named ‘Multi-Factor Fund’. The New Fund Offer price for units would be Rs 10 each during the New Fund Offer Period. Entry load will be nil. Exit load will be 0.5% - for redemption/switch out within 90 days from the date of allotment, and nil if units are redeemed or switched out on or after 90 days from the date of allotment. The Scheme offers Growth Plan and Income Distribution cum Capital Withdrawal (IDCW) for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked against BSE 200 (Total Return Index). The minimum application amount is Rs 1000 and any amount thereafter.
The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities selected based on Multi-Factor model theme.
