MUTUAL FUNDS
Kotak Mahindra Mutual Fund files offer document for Energy Opportunities Fund
Sep-16-2024

Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme following Energy theme named ‘Kotak Energy Opportunities Fund’. The New Fund Offer price is 10 per unit. Exit load for redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment will be Nil; If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment will be 1%; and If units are redeemed or switched out on or after 1 year from the date of allotment will be NIL. No entry load will be charged. The Scheme offers growth and Income Distribution cum Capital Withdrawal (IDCW) Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty Energy TRI (Total Return Index). The minimum application amount is Rs 100 and any amount thereafter.

The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in Energy and Energy related activities.


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