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Kotak Mahindra Mutual Fund launches Kotak S&P BSE Housing Index Fund

Aug 7, 2023 by News Team

NFO period: 07th August – 21st August, 2023

Highlights of the NFO:

  • Scheme type – An open ended scheme replicating/tracking S&P BSE Housing Index

  • Investment objective – The investment objective of the scheme is to replicate the composition of the S&P BSE Housing Index and to generate returns that are commensurate with the performance of the S&P BSE Housing Index, subject to tracking errors. However, there is no assurance that the objective of the scheme will be realized. The scheme does not assure or guarantee any returns.

  • Product suitability – The product is suitable for investors who are seeking long term capital growth by investing in stocks comprising the underlying index and endeavours to track the benchmark index, subject to tracking errors.

  • Minimum Application Amount – First investment Rs. 5,000/- and in multiple of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan & Direct Plan having Growth option and Payout of Income Distribution cum capital withdrawal (IDCW) option and Reinvestment of Income Distribution cum capital withdrawal (IDCW) option.

  • Fund Managers – Mr. Devender Singhal, Mr. Satish Dondapati and Mr. Abhishek Bisen

  • Benchmark – S&P BSE Housing Index (Total Return Index)

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)