MUTUAL FUNDS
Kotak Mahindra MF introduces ESG Opportunities Fund
Nov-20-2020

Kotak Mahindra Mutual Fund (MF) has launched the Kotak ESG Opportunities Fund, an open-ended Equity Scheme following Environment, Social and Governance (ESG) theme). The NFO opens for subscription on November 20, 2020 and closes on December 04, 2020. The Entry load will be nil. The Exit load will be 1%, for redemptions/switch outs (including SIP/STP) within 1 year from the date of allotment of units, irrespective of the amount of investment and nil, if units are redeemed or switched out (including SIP/STP) on or after 1 year from the date of allotment of units, irrespective of the amount of investment. Any exit load charged (net off Goods and Services Tax, if any) shall be credited back to the Scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 for purchase and Re 0.01 for switches.

The scheme’s performance will be benchmarked against the performance to Nifty 100 ESG Index TRI and Harsha Upadhyaya will be the fund manager and Arjun Khanna will be the Dedicated Fund Manager for investments in foreign securities.

The scheme shall seek to generate capital appreciation by investing in a diversified portfolio of companies that follow Environmental, Social and Governance parameters.

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