Kotak Mahindra new global innovation fund of fund offer

Kotak Mahindra Mutual Fund
Scheme Name Kotak Global Innovation Fund of Fund
Objective of Scheme An open ended fund of fund investing in units of Wellington Global Innovation Fund or any other similar overseas mutual fund schemes/ETFs
Scheme Type Open Ended
Scheme Category Other Scheme – FoF Overseas
New Fund Launch Date 08-Jul-2021
New Fund Offer Closure Date 22-Jul-2021
Minimum Subscription Amount Rs.5,000/- and in multiples of Rs.1/- for purchase
For Further Details Please Visit Website assetmanagement.kotak.com

Source: https://www.amfiindia.com/

Mutual Funds Based on Asset Class
FoF-Overseas: FoF-Overseas Funds are those schemes that invests 95% of the total assets in the overseas funds.

Mutual Funds Based on Structure
Open-ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically, these funds will allow investors to keep investing as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News & Article

Financial Advisory Services at Your Door Step.

If your occcupied don't have time to plan your financial investment we are here to guide.