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Kotak Mahindra AMC Ltd has launched a new fund offer for Kotak Global Innovation Fund of Fund. The fund is open for subscription between July 8 and July 22, 2021. 

Read on to find out more about the NFO. 

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 at the discretion of the fund manager.

Invest in direct mutual funds

  • Enjoy 0% commission
  • SIP starting at ₹500

‘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.

Click here to Invest NFO for Kotak Global Innovation Fund of Fund

Indicative Asset Allocation*

Types of Instruments  Indicative allocation  (% of total assets)  Risk Profile
Minimum Maximum
Units of Wellington Global Innovation Fund and/or any other similar overseas mutual fund schemes/ ETFs# 95% 100%  High
Debt & Money Market Instruments** 0% 5 % Low to Medium

*The indicative asset allocation is as per the scheme information document (SID).

# ‘Similar overseas mutual fund schemes/ETFs’ shall have investment objective/strategy, asset allocation and risk profile/consideration similar to those of Wellington Global Innovation Fund. 

List of “similar overseas mutual fund schemes/ETFs”: The scheme may invest in any (but not exclusively) in the below indicative list of offshore ETFs: 

• iShares Exponential Technologies ETF 

• BMO MSCI Innovation ETF

**Money Market instruments include commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time.

Fund Details

Scheme name Kotak Global Innovation Fund of Fund
Type of scheme An open-ended fund of fund investing in units of Wellington Global Innovation Fund or any other similar overseas mutual fund schemes/ETFs
NFO Dates July 8, 2021 – July 22, 2021
Fund Managers Mr. Arjun Khanna
Benchmark MSCI All Country World Index TRI
Minimum Amount for Application during NFO(Non-SIP) Rs. 5,000/- and in multiples of Rs 1 for purchase and Re 0.01 for switches.
Minimum Additional Purchase Amount (Non-SIP) Rs. 1,000/- and in multiples of Rs 1 for purchases and Re 0.01 for switches.
Minimum Redemption/Switch-Out Amount
  1. In Rupees (Non- SWP/STP) – Rs. 1000/-  
  2. In Units (Non- SWP/STP) – 100 units 
  3. In Rupees (SWP/STP) – Rs. 1000/- (Subject to a minimum of 6 installments) / Entire Appreciation
Load a) Entry Load: Nil

b) Exit Load: 

(i) For redemptions/switch outs (including SIP/STP) within 1 year from the date of allotment of units, irrespective of the amount of investment – 1%  

(ii) For redemptions/switch outs (including SIP/STP) after 1 year from the date of allotment of units, irrespective of the amount of investment – NIL

Plans Direct and Regular
Options
  1. Growth  
  2. Payout of Income Distribution cum capital withdrawal (IDCW)
  3. Reinvestment of Income Distribution cum capital withdrawal (IDCW)
Minimum SIP Amount Rs. 1000/ (Subject to a minimum of 6 SIP installments of Rs. 1000/- each)

Benchmark

MSCI All Country World Index TRI (Total Return Index) 

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. Arjun Khanna

Mr. Arjun Khanna has over 13 years of experience, out of which 12 years have been with Mutual Funds in Equity Research. He was earlier associated with Principal Mutual Funds and Citibank N.A.

Other funds managed by him are:

  • Kotak Global Emerging Market Fund 
  • Kotak Pioneer Fund  
  • Kotak International REIT FOF

He is the dedicated fund manager for investments in foreign securities in the following schemes:  

  • Kotak Infrastructure & Economic Reform Fund  
  • Kotak Bluechip Fund  
  • Kotak Equity Hybrid Fund  
  • Kotak Emerging Equity Fund  
  • Kotak Equity Savings Fund  
  • Kotak Small Cap Fund  
  • Kotak Standard Multicap Fund  
  • Kotak Debt Hybrid Fund  
  • Kotak Equity Opportunities Fund  
  • Kotak Banking and PSU Debt Fund  
  • Kotak Bond Short Term Fund  
  • Kotak Bond Fund  
  • Kotak Corporate Bond Fund  
  • Kotak Dynamic Bond Fund  
  • Kotak Money Market Fund  
  • Kotak Credit Risk Fund  
  • Kotak Liquid Fund  
  • Kotak Low Duration Fund 
  • Kotak Floating Rate Fund  
  • Kotak Medium Term Fund  
  • Kotak Corporate Bond Fund  
  • Kotak Savings Fund 
  • Kotak Gilt Fund  
  • Kotak Balanced Advantage Fund  
  • Kotak Focused Equity Fund  
  • Kotak ESG Opportunities Fund

Mutual fund investments are subject to market risks, read all scheme-related documents carefully.

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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.