Kotak MF launches Kotak India Growth Fund Series - II

Kotak Mutual Fund has launched a new fund as Kotak India Growth Fund Series - II, a 3 years close ended equity schemes. The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity & equity related instruments across market capitalization and sectors.The new fund offer will open for subscription from September 22 to October 06, 2015. The new fund offer price for the scheme is Rs 10 per unit. The tenure of the scheme is 3 years after the date of allotment. The scheme offers regular and direct plan with growth and dividend payout option under both options. The ninimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.The  entry & exit load charge will be Nil.

The scheme would invest 80-100% in equity & equity related securities with medium to high risk profile and invest upto 20% of assets in debt & money market securities with low risk profile.The fund is benchmarked against CNX 200.The fund manager of the scheme will be Harish Krishnan.