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Home>Blog>NFO>Kotak Mahindra AMC Launches Kotak Manufacture In India Fund: NFO Closes on February 15

Kotak Mahindra AMC Launches Kotak Manufacture In India Fund: NFO Closes on February 15

24 May 2022

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

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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