Kotak Mahindra Mutual Fund launches Kotak Consumption Fund
Oct 25, 2023 by News Team
NFO period: 25th October – 08th November, 2023
Highlights of the NFO:
Scheme type – An open ended equity scheme following Consumption theme
Investment objective – 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 consumption and consumption related activities. However, there is no assurance that the objective of the scheme will be achieved.
Product suitability – The product is suitable for investors who are seeking long term capital growth by investing in portfolio of predominantly equity & equity related securities of companies engaged in Consumption & consumption related activities.
Minimum Application Amount – First investment Rs. 5,000/- and in multiple of Rs. 1/- thereafter
Plan/ Options available – Regular Plan and Direct Plan having Growth and Income Distribution cum capital withdrawal (IDCW) (Payout and Reinvestment).
Fund Managers – Mr. Devender Singhal (Fund manager for equity investment), Mr. Abhishek Bisen (Fund Manager for debt investment) and Mr. Arjun Khanna (Fund Manager for investments in foreign securities)
Benchmark – Nifty India Consumption Index (Total Return Index)