MUTUAL FUNDS
Kotak Mahindra Mutual Fund files offers document for S&P BSE PSU Index Fund
Apr-30-2024
Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Kotak S&P BSE PSU Index Fund'. The offer rate is Rs 10 per unit. Entry load and Exit Load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 5 crore.

The performance of the scheme will be benchmarked against S&P BSE PSU Index (Total Return Index). The minimum application amount is Rs 100 and any amount thereafter.

The investment objective of the scheme is to provide returns  that,  before expenses, corresponding to the total returns of the securities as represented by the underlying index.

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