The mutual fund market is rushed with multiple NFOs and this time Kotak Mutual Fund has launched its New Fund Offer (NFO) of Kotak Business Cycle Fund.
NFO Period : 7th – 21st Sep 2022.
Scheme Type : Open ended scheme equity scheme.
Objective : Fund aims to follow business cycles based investment theme. Kotak Business Cycle Fund will invest in stocks & sectors of companies that can navigate through various economic cycles. The fund name business cycle means, fund will spot opportunities where company/sector is expected to expand, focus and brings in more alliances etc. This fund will consider various factors such as credit growth to specific sectors, change in sectoral regulation, expansion scope, GDP contribution of the sector etc. while selecting / picking the stocks for investment. Fund’s 80% corpus will be invested in the scheme’s theme.
Benchmark: Nifty 500 Total Return Index.
Minimum investment : Rs. 5,000/- & in multiple of Rs. 1/- thereafter during NFO.
Scheme Plans/ Options :
- Regular Plan
- Direct Plan
Scheme Options :
- Growth
- Income Distribution cum capital withdrawal (IDCW) (Payout and Reinvestment).
- If redeemed before 1 year, then 1% exit load will be applicable on above 10% of the investment & Nil exit load will be applicable upto 10% of the investment.
- If redeemed after completion of 1 year, no exit load applicable.
Risk-o-meter: Very High
Note: Mutual fund investments are subject to market risks, read all scheme related documents carefully.