MUTUAL FUNDS
Kotak Mahindra Mutual Fund files offer document for Special Opportunities Fund
Apr-16-2024

Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Kotak Special Opportunities Fund'. The offer rate is Rs 10 per unit. Entry load will be nil and 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 minimum target subscription amount for the Scheme to be raised is Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty 500 TRI. The minimum application amount is Rs 100 and any amount thereafter.

The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in opportunities presented by Special Situations such as Company Specific Event/Developments, Corporate Restructuring, Government Policy change and/or Regulatory changes, Technology led Disruption/ Innovation or companies going through temporary but unique challenges and other similar instances.


  RELATED NEWS >>