Kotak Mahindra Mutual Fund launches Kotak Multi Asset Allocation Fund
Aug 31, 2023 by News Team
NFO period: 31st August – 14th September, 2023
Highlights of the NFO:
Scheme type – An Open Ended Scheme investing in Equity, Debt & Money Market Instruments, Commodity ETFs and Exchange Traded Commodity Derivatives
Investment objective – The investment objective of the scheme is to generate long term capital appreciation by investing in Equity & Equity related Securities, Debt & Money Market Instruments, Commodity ETFs and Exchange Traded Commodity Derivatives. 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 Equity & Equity related Securities, Debt & Money Market Instruments, Commodity ETFs and Exchange Traded Commodity Derivatives.
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 Option and Income Distribution cum Capital Withdrawal (IDCW) Option. Payout of IDCW Option / facility and Re-investment of IDCW Option / facility.
Fund Managers – Mr. Devender Singhal, Mr. Abhishek Bisen, Mr. Arjun Khanna, Mr. Jeetu Valechha Sonar and Mr. Hiten Shah
Benchmark – NIFTY 500 TRI (65%) + NIFTY Short Duration Debt Index (25%) + Domestic Price of Gold (5%) + Domestic Price of Silver (5%)