MUTUAL FUNDS
Kotak Mahindra Mutual Fund files offer document for All Weather Debt FOF
Oct-29-2020
Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open ended fund scheme named ‘Kotak All Weather Debt FOF’. 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 will be 1%; for  redemptions / switch outs (including SIP/STP) after 1 year from the  date of allotment of units, irrespective of the amount of investment will be Nil. The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by NIFTY Composite Debt Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets.

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