Kotak Mutual Fund (MF) has launched a new fund named as Kotak MF Capital
Protection Oriented Scheme - Series 1, a close ended capital protection
oriented scheme with the duration of 1101 days from the date of allotment of
units.
The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit.
The new issue will be opens for subscription from 7 September to 21
September 2015.
The investment objective of the scheme is to seek capital protection by
investing a portion of the portfolio in highest rated debt securities and money
market instruments and also to provide capital appreciation by investing the
balance in equity and equity related securities.
The scheme offers growth and dividend payout option.
The scheme shall invest 59% to 100% of assets in debt and money market instruments
with low to medium risk profile and invest upto 41% of assets in equity and
equity related securities with high risk profile.
The minimum application amount is Rs. 5,000.
The units of the scheme will be listed on BSE on allotment.
Entry load & exit load charge will be nil for the scheme.
The scheme's performance will be benchmarked against customized index -
CRISIL Composite Bond Fund Index (80%) & CNX Nifty (20%) as it
appropriately represents its duration and asset allocation & track its
performance.
The fund managers of the schemes are Abhishek Bisen (debt portion) and
Deepak Gupta (equity portion).
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