Kotak MF launches Kotak India Growth Fund Series 4

Mumbai
30 Jan 2018

Kotak Mutual Fund Tuesday announced the launch of a new scheme with an aim to invest across large cap, mid cap and small cap stocks.
The new fund offer (NFO) for Kotak India Growth Fund Series 4 is open for subscription till February 12.
"The fund aims to invest 80-100 per cent in Indian equities spread across large cap, mid cap and small cap stocks. It aims to generate capital appreciation from a diversified portfolio across market capitalisation and sectors," Kotak Mutual Fund said in a statement.
According to the company, the fund has a unique "put option strategy", through which in a declining market the scheme would seek to limit downside by purchasing around three years "At The Money (ATM) Nifty 50 Put option with strike price around current levels".
"Thus, a Nifty 50 Put option will increase in value when Nifty goes down from the strike price and vice versa. However, the risk of loss for an option buyer is limited to only the premium paid," the company said.
The minimum amount for investments into the fund is Rs 5,000 and thereafter in multiples of Rs 10. (PTI)