MUTUAL FUNDS
Kotak International Mutual Fund files offer document for REIT Fund
Feb-15-2019

Kotak International Mutual Fund has filed offer document with SEBI to launch an open-ended fund named ‘Kotak International REIT Fund '. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load  for redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units, irrespective of the amount of investment is 1%; for redemptions / switch outs (including SIP/STP) after 1 year from the date of allotment of units, irrespective of the amount of investment is NIL. The scheme offers dividend and growth options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by FTSE EPRA Nareit Asia Pacific Index. The minimum application amount for initial purchase is Rs 5000 and Re 1 thereafter.

The investment objective of the scheme is to provide long-term capital appreciation and income by investing in units of SMAM ASIA REIT Sub Trust fund and/or other similar overseas funds.

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