Kotak Mahindra Mutual Fund launches Kotak NASDAQ 100 Fund of Fund
Kotak Mahindra Mutual Fund launches Kotak NASDAQ 100 Fund of Fund
Jan 12, 2021 by News Team
NFO period: 11th January – 25th January, 2021
Highlights of the NFO:
Scheme type – An open ended fund of fund investing in units of overseas ETF’s and/or Index Fund based on NASDAQ 100 Index
Investment objective – The investment objective of the scheme is to provide long-term capital appreciation by investing in units of overseas ETF’s and/ or Index Fund based on NASDAQ 100 Index. However, there can be no assurance that the investment objective of the scheme will be realized.
Product suitability – The product is suitable for investors who are seeking long-term capital growth. Return that corresponds generally to the performance of the NASDAQ-100 Index, subject to tracking error.
Minimum Application Amount – First investment Rs. 5,000/- and in multiple of Rs. 1/- thereafter
Plan/ Options available – Regular Plan and Direct Plan having only Growth Option.
Fund Managers – Mr. Arjun Khanna and Mr. Abhishek Bisen