Kotak Mutual Fund files offer document for Balanced Hybrid Fund
Kotak Mutual Fund has filed offer document with SEBI to launch an open-ended balanced scheme named ‘Kotak Balanced Hybrid Fund'. The New Fund Offer price will be Rs 10 during the NFO. Entry load will be nil and Exit load-For redemption / switch out within 90 days from the date of allotment will be 1%; If units are redeemed or switched out on or after 90 days from the date of allotment will be Nil. The Scheme offers Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against NIFTY 50 Hybrid Composite debt 50:50 Index. The minimum application amount will be Rs 1000 and any amount thereafter.
The investment objective of the scheme is to generate capital appreciation by investing in portfolio of equity & equity related instruments and debt & money market instrument.
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