MUTUAL FUNDS
Kotak Mutual Fund files offer document for Dividend Yield Fund
Jul-30-2025
Kotak Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘Kotak Dividend Yield Fund’. The New Fund Offer price for units would be at Rs 10 during the NFO period. Entry load will be nil. 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%; If units are redeemed or switched out on or after 1 year from the date of allotment will be NIL. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty 500 (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 and/or dividend distribution by investing predominantly in a well-diversified portfolio of equity and equity related instruments of dividend yielding companies.

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