Kotak Multi Asset Allocation Fund NFO: Unveiling the Insights

31 Aug 2023 , 12:08 PM

Kotak Mahindra Mutual Fund is launching NFO under its “hybrid category”, named as Kotak Multi Asset Allocation Fund. This open-ended fund aims to generate long-term capital appreciation by investing Equity & Equity related Securities, Debt & Money Market Instruments, Commodity ETFs and Exchange Traded Commodity Derivatives.

Investment strategy: The exact allocation in various asset classes and schemes would be decided based on the fund manager’s outlook on prevalent market conditions and changing business environment.

Asset allocation: The scheme will predominantly invest in Equity & Equity related Securities, Debt & Money Market Instruments, Commodity ETFs and Exchange Traded Commodity Derivatives.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify the portfolio should invest in Kotak Multi Asset Allocation Fund. 

Risk associated: Very high level of risk.

Benchmark: NIFTY 500 TRI (65%) + NIFTY Short Duration Debt Index (25%) + Domestic Price of Gold (5%) + Domestic Price of Silver (5%).

Fund Managers: Mr. Devender Singhal, Mr. Hiten Shah, Mr. Jeetu Valechha Sonar, Mr. Abhishek Bisen and Mr. Arjun Khanna.

The NFO is available for subscription from August 31 to September 14. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Kotak Multi Asset Allocation Fund.