Kotak Overnight Fund: New Fund Offer (NFO) of Kotak Mutual Fund

Kotak Overnight Fund: New Fund Offer (NFO) of Kotak Mutual Fund being offered from 10-January-2019 to 14-January-2019.Kotak Overnight Fund

According to the Kotak Mutual Fund, this scheme is suitable for investors who are seeking:-

  1. Income over a short-term investment horizon, and
  2. Investment in debt & money market securities having the maturity of one business day.
About Kotak Overnight Fund NFO
Name of the Scheme Kotak Overnight Fund
Fund House DSP Mutual Fund
Scheme Type Open-Ended
Scheme Category Debt Fund
Plans Direct and Regular, Both have Growth and Dividend
Issue Starts 10-January-2019
Issue Closes 14-January-2019
NFO Unit Price Rs 1,000 per unit
Minimum Investment Rs 1,000
Entry Load No
Exit Load No
Investment Manager Kotak Mahindra Asset Management Company Limited

(Read: NFO: New Fund Offer of Mutual Funds)

Investment Objectives (Kotak NFO)

According to the fund house, following is the investment objective of the scheme:-

The primary objective of the Scheme is to generate income through investment in debt & money market instruments having the maturity of one business day (including CBLO (Tri-Party Repo), Reverse Repo and equivalent). However.there is no assurance that the investment objective of the Scheme will be realized.

Instruments Indicative allocations
(% of total assets)
Risk Profile
Minimum Maximum High/ Medium/ Low
Debt & money market instruments* having the maturity of one business day (including CBLO (Tri-Party Repo), Reverse Repo and equivalent) 0 100 Low

*Debt securities/instruments are deemed to include securitised debt and investment in securitised debt will not exceed 10% of the net assets of the Scheme.

*Money Market instruments include commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time.

The scheme retains the flexibility to invest across all the securities in the debt and Money Markets Instruments having the maturity of one business day.

About Kotak Mutual Fund

Kotak Mahindra Asset Management Company Limited is a wholly owned subsidiary of Kotak Mahindra Bank Limited. It was started in the year 1998 and currently, it has around 7.5 Lakhs investors in its various schemes.

As on 30-Sep-2018, the total Asset Under Management (AUM) by the company is 1,34,411.68 Crores.

Registered Address: 2nd Floor, 12 BKC, C-12, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051.

Website: www.assetmanagement.kotak.com

Please click here to read the scheme related document.

Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.

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Tags: #NFO #Mutual Fund #New Mutual Fund #Kotak NFO #New Fund Offer

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