MUTUAL FUNDS
Kotak Mahindra Mutual Fund files offer document for Nifty 100 Low Vol 30 ETF Fund of Fund
Jun-23-2021
Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Kotak Nifty 100 Low Vol 30 ETF Fund of Fund’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load f redeemed or switched out on or before completion of 1 year from the date of allotment of units will be 1.00%; If redeemed or switched out after completion of 1 Year from the date of allotment of units will be nil. The scheme offers 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 Nifty100 Low Volatility 30Total Return Index (TRI). The minimum application amount is Rs 5000 and in multiples of Re 1.

The investment objective of the scheme is to  provide  long-term capital  appreciation  by  investing  in  units  of Kotak  Nifty  100  Low Vol 30 ETF.

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