Kotak Mahindra Mutual Fund has launched a new Open Ended Growth scheme named "Kotak Nifty G-Sec July 2033 Index" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Sep 25 to Oct 09, 2023.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 100.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.
The fund manager of the scheme will be Abhishek Bisen, while the performance of the scheme will be benchmarked against .
The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the Nifty G-Sec July 2033 Index, subject to tracking errors. However, there can be no assurance that the investment objective of the Scheme will be achieved.