Kotak Focused Equity Fund – NFO Period from 26th June to 9th July

Kotak Focused Equity Fund - NFO Period from 26th June to 9th July

Kotak Mutual Fund NFO

The Focused Mutual fund will focus on a limit number of stocks in a limit number of sectors. It is the best opportunity for wealth creation. Only a small section of the broader listed universe is shining in the market. Kotak Mutual fund has announced its NFO named as Kotak Focused Equity Fund. It is an open-ended equity scheme. This focused fund will invest in a maximum of 30 stocks only. This Open-ended scheme has scheduled for subscription on 25th June and will close on 9th July 2019.

Fund Objects

The main objective of the fund is to generate long-term capital appreciation by investing in a maximum of 30 companies.

Minimum Subscription Amount

The scheme offers Rs 10 per unit. The minimum application amount is Rs 5000 and in multiples of Rs 1 per unit. The additional purchase amount is Rs 1000 per unit. The Fund aims to collect a minimum subscription of Rs 10 crore under the scheme.

Cost of Investment

There is no entry load for any investors. Investors will pay 1% as exit load for redemption or switch-outs within one year and there is no exit load if units are redeemed or switched out on or after one year from the date of allotment of units.

Offer Plans (Direct – Regular)

It offers Direct and regular plans with Growth and Dividend options.

As of draft prospectus, the NFO will follow a multi-cap strategy and invest in large-cap, Small-cap, and Mid-cap category.

Risk Factor

Kotak Focused Equity Fund Asset Allocation Pattern:

 Investment  Indicative Allocation (% of a total asset) Minimum -Maximum Risk Profile
Equity and Equity related instruments  65%  100%  Medium-High
 Debt and Money Market Instruments  0%  35%  Low- Medium
Units issued by REITs and InvITs  0%  10%  Medium-High

This Focused equity fund will invest a minimum of 65% in Equity and Equity related instruments with medium to high-risk profile. It will invest a maximum of 35% in Debt and Money Market instruments with the low-medium risk profile. May in case invests up to 10% of assets in Units Issued by REITs and InvITs.

Nifty 200 TRI will be the benchmark to Kotak Focused Equity fund. It will manage by Shibani Kurian and Harish Krishna.

This is the third mutual fund house that has launched a new fund offer in the Focused fund category.

About:

Kotak Mahindra Group is one of the largest financial services-mixed business companies in India. It was established in 1985. Kotak Mahindra Asset Management Company has started Mutual fund service in December 1998. This is the first fund house on the country to launch schemes only in government securities.

Disclaimer: This post just unveils information of the scheme. It does not address any advice or recommendation. Please study the offer document thoroughly before investing.

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