MUTUAL FUNDS
Kotak Mahindra MF introduces NASDAQ 100 Fund of Fund
Jan-11-2021

Kotak Mahindra Mutual Fund (MF) has launched the Kotak NASDAQ 100 Fund of Fund, an open-ended fund of fund investing in units of overseas ETF’s and/or Index Fund based on NASDAQ 100 Index. The NFO opens for subscription on January 11, 2021 and closes on January 25, 2021. Entry load and Exit load will be nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 for purchase and Re 0.01 for switches.

The scheme’s performance will be benchmarked against its performance to NASDAQ 100 TRI and its fund managers are Arjun Khanna and Abhishek Bisen.

The investment objective of the scheme is to provide long-term capital appreciation by investing in units of overseas ETF’s and/ or Index Fund based on NASDAQ 100 Index.


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