MUTUAL FUNDS
Kotak Mahindra Mutual Fund files offer document for Consumption ETF Fund of Fund
Jul-30-2021

Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund scheme named ‘Kotak Consumption ETF Fund of Fund’. The New Fund Offer price Rs 10. Entry load will be nil and Exit load For redemption/ switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil; If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1%; If units are redeemed or switched out on or after 1 year from the date of allotment: NIL The scheme offers growth option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by NIFTY India Consumption Total Return Index (TRI).The minimum application amount will be Minimum of Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide long-term capital appreciation by investing in units of Kotak Consumption ETF.

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