New Fund Offer launched on 31 December 2010 from Kotak Mahindra Mutual Fund
Name of the Scheme: Kotak Multi Asset Allocation Fund
New Fund Offer Open Date: 31-December-2010
New Fund Offer Closing Date: 14-January-2011
Type of Scheme: Open Ended Debt Scheme
Entry Load: NIL
Exit Load: 1% if the units are redeemed within 1 year from the date of allotment.
Minimum Application Amount: Rs 10,000 and in Multiples of Re 1 thereafter.
Investment Objective:
The main objective of the scheme is to generate income by investing primarily in debt and money market securities.
To generate moderate growth by taking moderate exposure in equity and equity related instruments.
It also provides diversification of investments by investing in Gold Exchange Traded Funds.
Investment Proposition:
75% to 90% of the funds – Debt and Money Market Instruments
5 % to 20 % - Equity and Equity Related Instruments and Gold Exchange Traded Funds.
Fund Managers:
- Mr.Abhishek Bisen
- Mr.Pankaj Tibrewal
Disclaimer:
“Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. Please read the Statement of Additional Information and Scheme Information Document carefully before investing”.
“In Mutual Funds, the past performance is not guaranteed in future”.
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