MUTUAL FUNDS
Kotak Mahindra Mutual Fund files offer document for Global Innovation Fund of Fund
Jan-14-2021
Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open ended fund named ‘Kotak Global Innovation Fund of Fund’. 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 MSCI All Country World Index TRI. The minimum application amount for initial purchase is Rs 5,000/-and in multiples of Rs 1 for purchase and Re 0.01 for switches.

The investment objective of the Scheme is to provide long-term  capital appreciation  by  investing  in  units of Wellington  Global  Innovation  Fund  or any other similar fund/ETFs.

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