MUTUAL FUNDS
Kotak Mahindra MF introduces MNC Fund
Oct-07-2024

Kotak Mahindra Mutual Fund has launched Kotak MNC Fund, an open-ended equity scheme following Multi-national Companies (MNC) theme. The NFO opens for subscription on October 07, 2024 and closes on October 21, 2024. The Entry Load is nil for the scheme. The Exit load will be nil - 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, exit load will be 1% – If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment and there will be no exit load - If units are redeemed or switched out on or after 1 year from the date of allotment. The minimum subscription amount is Rs 100/- and any amount thereafter.

The performance of the scheme will be benchmarked with Nifty MNC Index (Total Return Index (TRI)) and its fund managers are Harsha Upadhyaya, Dhananjay Tikariha (co-managers for Equity and Overseas investment) and Abhishek Bisen (Fund Manager for debt investment).

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 multi-national companies (MNC).


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