Kotak MF collects over Rs.3600 crore during its multi asset NFO

Kotak Mutual Fund has collected over Rs.3600 crore during the NFO of Kotak Multi Asset Allocation Fund. This is the highest ever collection by Kotak MF in an NFO, with over 1 lakh applications.

The NFO opened from August 31 to September 14. The fund will invest in three asset classes – equity, debt and commodity.

In a press release, Nilesh Shah, MD, Kotak MF said, “This response demonstrates the faith that investors have put in Kotak Mutual Fund. We are truly grateful to our distribution partners & investors who have put trust in Kotak Multi Asset Allocation Fund, making it our highest NFO collection thus far.”