Kotak Mahindra Mutual Fund, with effect from 1 January 2011, will be changing the name and investment objective of Kotak Mahindra 30 Unit Scheme.
Consequently, Kotak Mahindra 30 Unit Scheme will be called Kotak Mahindra 50 Unit Scheme (Kotak 50) and the investment objective of the scheme shall be to generate capital appreciation from a portfolio of predominantly equity and equity related securities. The portfolio will generally comprise of equity and equity related instruments of around 50 companies which may go up to 59 companies at any point of time. Review and rebalancing will be conducted if the investments in companies exceed 59. To reduce the risk of the portfolio, the scheme may also use various derivatives and hedging products from time to time, in the manner permitted by SEBI.
Investors have the option of exiting the scheme at the prevailing NAV or they can switch to other open ended schemes of Kotak Mutual Fund without any exit load. The said exit option can be availed between 02 December, 2010 - 31 December, 2010.
Source: Accord Fintech
