Kotak Mahindra Mutual Fund launches Kotak Global Innovation Fund of Fund

Mutual Fund
Jul 8, 2021 by Advisorkhoj Team | Mutual Fund | 15 Downloaded

NFO period: 08th July – 22nd July, 2021

Highlights of the NFO:

  • Scheme type – An open ended fund of fund investing in units of Wellington Global Innovation Fund or any other similar overseas mutual fund schemes/ETFs

  • Investment objective – The primary investment objective of the scheme is to provide long-term capital appreciation by investing in units of Wellington Global Innovation Fund or any other similar overseas mutual fund schemes/ETFs. The scheme may, at the discretion of the Investment Manager, also invest in the units/ shares of any other similar overseas mutual fund schemes/ETFs. It shall be noted ‘similar overseas mutual fund schemes/ETFs’ shall have investment objective, investment strategy, asset allocation and risk profile/consideration similar to those of Wellington Global Innovation Fund. 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 by investing in units of Wellington Global Innovation Fund or any other similar overseas mutual fund schemes/ ETF.

  • Minimum Application Amount – First investment Rs. 5,000/- and in multiple of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option, Payout of Income Distribution cum capital withdrawal (IDCW) Option and Reinvestment of Income Distribution cum capital withdrawal (IDCW) Option.

  • Fund Managers – Mr. Arjun Khanna

  • Benchmark – MSCI All Country World Index TRI

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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