Kotak Mahindra AMC Launches Kotak Manufacture In India Fund: NFO Closes on February 15
Kotak Mahindra Asset Management Company Limited has launched a new fund offer for Kotak Manufacture In India Fund. The fund is open for subscription between February 1 and February 15, 2022.
Read on to find out more about the NFO.
Investment Objective
Kotak Manufacture In India Fund is an open-ended equity scheme following manufacturing theme.
Indicative Asset Allocation
| Types of Instruments | Indicative allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Equity and Equity Related Securities of companies having manufacturing theme | 80% | 100% | Very High |
| Equity and Equity Related Securities of companies other than having manufacturing theme | 0% | 20% | Very High |
| Debt and Money Market Securities | 0% | 20% | Low to Moderate |
| Units issued by REITs & InvITs | 0% | 10% | Very High |
Fund Details
| Scheme name | Kotak Manufacture In India Fund |
| Type of scheme | An open-ended equity scheme following manufacturing theme. |
| NFO Dates | February 1 – February 15, 2021. |
| Fund Managers | Mr. Harish Krishnan, Mr. Abhishek Bisen |
| Benchmark | Nifty India Manufacturing TRI |
| Minimum Amount for Application during NFO | Rs. 5,000/- and in multiples of Rs. 1 for purchase and Re 0.01 for switches |
| Minimum Additional Purchase Amount | Rs. 1000/- and in multiples of Re. 1 for purchases and of Re. 0.01 for switches |
| Minimum Redemption/Switch-Out Amount | Rs. 1000/- |
| Load | a) Entry Load: N.A
b) Exit Load: (i) Upto 10% of the initial investment amount purchased or switched in within 1 year from the date of allotment: Nil. (ii) If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% (iii) If units are redeemed or switched out on or after 1 year from the date of allotment: NIL |
| Plans | Direct and Regular |
| Options | Growth, Income Distribution cum capital withdrawal (IDCW) (Payout and Reinvestment) |
| Minimum SIP Amount | Rs. 500/- (Subject to a minimum of 10 SIP installments of Rs. 500/- each) |
Benchmark
Nifty India Manufacturing Total Return Index
The Nifty India Manufacturing Index aims to track the performance of stocks that represent manufacturing sectors in India. In the index, stocks forming part of the combined universe of Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 are eligible for inclusion.
Further, stocks forming part of the eligible ‘basic industry’ based on AMFI classification shall be eligible to be included from the universe.
A Total Return Index reflects the returns on the index arising from:
(a) Listed stock price movements and
(b) Dividend receipts from those stocks.
Fund Managers
Mr. Harish Krishnan
Mr. Harish Krishnan has 16 years of experience spread over Equity Research and Fund Management. Prior to joining Kotak Mahindra Mutual Fund, he was based out of Singapore and Dubai, managing Kotak’s offshore funds.
He has also worked at Infosys Technologies Ltd in his earlier stint. He is a Bachelor of Technology (Electronics & Communications) from Government Engineering College, Trichur, a Post Graduate in Management from Indian Institute of Management, Kozhikode, and a Chartered Financial Analyst from the CFA Institute
Other schemes managed by him are:
- Kotak Bluechip Fund
- Kotak Balanced Advantage Fund
- Kotak Focused Equity Fund
- Kotak Pioneer Fund
- Kotak Infrastructure & Economic Reform Fund
Mr. Abhishek Bisen
Mr. Abhishek Bisen has been associated with Kotak Mahindra AMC since October 2006 and his key responsibilities include fund management of debt schemes.
Prior to joining Kotak AMC, he worked with Securities Trading Corporation of India Ltd where he looked at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
Other schemes managed by him are:
- Kotak Bond Fund
- Kotak Gilt fund
- Kotak Debt Hybrid Fund
- Kotak Gold Fund Kotak Gold ETF
- Kotak Equity Savings Fund
- Kotak Equity Hybrid Fund
- Kotak Balanced Advantage Fund
- Kotak NASDAQ 100 Fund of Fund
- Kotak Nifty 50 Index Fund
- Kotak Multicap Fund