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Kotak MNC Fund NFO: Mutual fund houses often launch new schemes. In this series, Kotak Mutual Fund has launched an open-ended equity scheme, Kotak MNC Fund, based on the theme of multinational companies (MNC). The New Fund Offer or NFO of this scheme has opened for subscription and will close on October 21. Know the rest of the details of the scheme ahead.
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What is the objective of the scheme (Kotak MNC Fund Objective)
The scheme aims to generate long-term capital from a portfolio primarily invested in equity and equity-related securities of Multinational Companies (MNCs). The benchmark for the scheme will be the Nifty MNC Index (Total Return Index (TRI)).
What is the minimum investment required (Kotak MNC Fund Minimum Investment)
In this scheme, the minimum amount for a lump sum (amount invested at once) and SIP investment is Rs 100 and after that, it can be any amount. If up to 10 percent of the amount is withdrawn or switched to another scheme within 1 year from the allotment date, then the redemption charge (Exit Load) will be zero. Even if it is withdrawn or switched after one year, the charge will be zero.
But if more than 10 percent of the amount is withdrawn or switched within a year, the exit load will be 1 percent.
Where will the investment be made?
The fund will invest 80-100% of the money in equity and equity-related instruments of multinational companies (MNCs), while 0-20% will be invested in equity and similar securities of companies other than MNCs, 0-20% in debt and money market securities and 0-10% will also be allotted to units of REITs and InvITs.
Disclaimer: Here mainly information about mutual fund NFO is given, not investment advice. There is risk in the equity market, so invest at your own risk. Do take expert advice before investing.
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