Kotak Mahindra Mutual Fund came with another new fund offer named as Kotak Pioneer Fund. The NFO opens for subscription on 9th October and will close on October 23. It is an open-ended equity scheme. The scheme is available in two plans direct and regular along with dividends and growth facilities.
Features of Kotak NFO
- Fund choosing from a dynamic universe across various sectors.
- Access to a relatively new economy business
- Can invest in global innovators and technology pioneers
- Diversification opportunity across geographies, sectors, and market capitalization
Initial purchase for Non-SIP is Rs 5000 and in multiples of Re 1 thereafter. Investors who want to purchase additional units will invest a minimum of Rs 5000 and in multiples of Re 1 thereafter as an additional purchase for Non-SIP.
Under SIP: one will need to invest a minimum of Rs 1000. An investor can pay the amount in 6 installments.
Redemption: the minimum redemption amount is Rs 1000.
Entry and Exit Load
Entry charges do not apply under the scheme.
For redemptions/ switch outs (including SIP/ STP) within 1 year from the date of allotment of units, irrespective of the amount of investment: 1%
If units are redeemed or switched out (including SIP/ STP) after 1 year from the date of allotment of units, irrespective of the amount of investment: Nil
Objects Of The Issue
The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity, equity-related instruments. The units of global mutual funds that invest in such companies that utilize new forms of production, technology, distribution or processes which are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models.
Assets Allocation Pattern
|Equity and Equity Related Securities of Companies having pioneering innovations theme||80%-100%||High|
|Equity and Equity Related Securities of Companies other than having pioneering innovations theme||0%-20%||Medium to High|
|Debt and Money Market Securities||0%-20%||Low to Medium|
|Units of REITs & InvITs||0%-10%||Medium to High|
The performance of the Scheme is measured against 85% IISL Kotak India Pioneering Innovations Index+ 15% MSCI ACWI Information Technology Index TRI. As of the draft papers, the scheme is suitable for investors who are seeking long term capital growth. The fund will manage by Harish Krishnan.
Disclaimer: This post is just about scheme information. Investors should consult their financial advisors if in doubt about whether the product is suitable for them or any.