KOTAK NASDAQ 100 FUND OF FUND Details

KOTAK NASDAQ 100 FUND OF FUND Details

Kotak NASDAQ 100 FoF-Direct and Regular Plan – (G&D)

Kotak Mutual fund has launched a fund of fund scheme named Kotak NASDAQ 100 FOF. The scheme opened for subscription on January 11th, 2021. Moreover, the offer will close for subscription on January 25th, 2021. As of the news, the scheme will re-open for continuous sale & repurchase on February 9th, 2021. 

This is an open-ended fund of fund that invests in units of overseas ETFs/or Index Fund based on the NASDAQ 100 Index. It will continue units at Net Asset Value-based price. 

The scheme 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. 

It is available in both Regular and Direct plan along with dividend and growth options. 

Basic Details of Kotak NASDAQ 100 FOF:

Fund of Fund Name Kotak NASDAQ 100
Subscription Period 11th Jan 2021- 25th Jan 2021
FoF Type     Open-Ended FoF
BenchMark NASDAQ 100 TRI
Fund Manager Arjun Khanna, Abhishek Bisen

The object of the Scheme:

The investment objective of the scheme is to provide long-term capital appreciation by investing in units of overseas ETFs or Index Fund based on the NASDAQ 100 Index.

Minimum Investment:

The investors who want to invest in this scheme could purchase initially about Rs. 5,000/- and in multiples of Re. 1 for purchases and of Re. 0.01 for switches.

For an additional purchase, investors invest a minimum of Rs. 1,000 and in multiples of Re. 1 following.

The entry load and exit load charges not applicable for this scheme.

Assets Allocation Pattern:

Investments

 Indicative

Allocation 

Risk Profile
Units of overseas ETF’s and/or Index Fund based on the NASDAQ 100 Index 95% – 100%       High
Debt Schemes, Debt & Money Market Instruments, Including Tri-Party Repo, G-Secs, Cash and Cash at call, etc.   0% – 5%   Low to Medium

NASDAQ 100 TRI will play as a benchmark index to the scheme. The performance of the scheme will manage by Arjun Khanna, Abhishek Bisen.

Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before investing.

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