Kotak Mutual Fund has garnered over Rs 3,500 crore in Kotak Multicap Fund NFO. Remarkably, this is the highest NFO collection made by the fund house. The NFO was open from 8 Sep to 22 Sep.
The fund house received over 1.5 lakh applications along with the participation of more than 9500 distribution partners.
25% of the NFO collection came from tier-II towns, and more than 10% of investor applications came through SIPs.
In a press release, Nilesh Shah, Group President & Managing Director, Kotak Mahindra Asset Management Co. Ltd. said, “We are truly grateful to the 9500 plus distribution partners & over 1.5 lakh investors who have put trust in Kotak Multicap Fund, making it our highest NFO collection thus far.
