Kotak Multicap Fund is suitable for all categories of investors
Kotak Mahindra Asset Management Company Limited (- Kotak Mutual Fund) announced the launch of a new Multicap Fund – an open-ended scheme that will offer the right mix of large-cap, mid-cap as well as small-cap stocks. According to a recent statement shared by Kotak Mutual Fund, the fund is said to provide potential, growth and stability to investors with a diversity of stocks.
The new fund offer or NFO is open for subscription on September 8, 2021 and will continue till September 22, 2021. The multicap category has opened up for mutual funds after market regulator Securities and Exchange Board of India (SEBI) redefined the category.
According to the statement, Kotak Multicap Fund is suitable for all classes of investors, especially those who wish to focus on achieving long-term financial goals like retirement, children’s education or buying a home. The investment objectives of such investors include generating long-term capital appreciation from a portfolio of equities as well as equity-related securities across the entire market capitalization.
It is benchmarked against Nifty 500 Multicap 50:25:25 Total Return Index and will offer two plans – Regular and Direct.
“At Kotak Mutual Fund, we have added value to our investors by regularly outperforming the benchmark indices across all three categories- small-cap, mid-cap and large-cap-funds and thus, now have the power of all Three in One Fund,’ said Harsh Upadhyay, President & CIO – Equity, Kotak Mahindra Asset Management Company.
“We follow a disciplined investment process of BMV i.e. by focusing on business scalability and sustainability, management quality and valuation standards. We are also committed to the principles of Environmental, Social and Governance (ESG) factors”, Mr. Upadhyay said.
.