Kotak Mutual Fund launches Kotak Multi Asset Allocation Fund
Kotak Mutual Fund has launched Kotak Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt and money market instruments, commodity ETFs and exchange traded commodity derivatives.
The new fund offer or NFO of the scheme is open for subscription, and it will close on September 24.
The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity-related securities, debt and money market instruments, commodity ETFs and exchange traded commodity derivatives.
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The performance of the scheme will be benchmarked against NIFTY 500 TRI (65%) + NIFTY Short Duration Debt Index (25%) + Domestic Price of Gold (5%) + Domestic Price of Silver (5%). The scheme will be managed by Devender Singhal, Abhishek Bisen (debt investment), Hiten Shah (arbitrage investment), Jeetu Valechha Sonar (commodities investment), and Arjun Khanna (foreign securities).
The minimum investment amount is of Rs 5,000 and in multiples of Re 1 for purchases and of Re 0.01 for switches. The minimum investment amount for SIP is Rs 500 (subject to a minimum of 10 SIP instalments of Rs 500 each).
The scheme will invest 65-80% in equity and equity related instruments, 10-25% in debt and money market securities, 10-25% in commodity ETFs, exchange traded commodity derivatives (ETCDs) & any other mode of investment in commodities as permitted by SEBI from time to time, 0-15% in overseas mutual funds schemes/ ETFs/foreign securities, and 0-10% in units of REITs & InvITs. The scheme will offer both regular and direct plans with growth and IDCW options.
Kotak Multi Asset Allocation Fund offers tax
