MF news : Multi Asset Allocation Fund features revised by Kotak Mahindra MF

Kotak Mahindra Mutual Fund has revised the features of Kotak Multi Asset Allocation Fund, with effect from Apr 12.

Mar 05, 2017 03:03 IST India Infoline News Service

Kotak Mahindra Mutual Fund has revised the features of Kotak Multi Asset Allocation Fund, with effect from Apr 12.

The fund will allocate 40-90% of its funds in debt and money market instruments, 5-40% in equity and equity-related instruments and 5-20% in units of gold exchange-traded funds.
 
With the new changes the fund will be benchmarked 65% against CRISIL Short Term Bond Fund Index, 25% Nifty 50 Index, and 10% against the price of gold.

As of now the scheme invests 75-95% of its funds in debt and money market instruments, 5-20% in equity and equity-related instruments and 5-20% in units of gold exchange-traded funds.

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