Kotak Mutual Fund has announced the launch of a new scheme, Kotak Banking & Financial Services Fund, with a NFO opening on Fbruary 6th and closing on February 20th, 2023.
| NFO | Kotak Banking Financial Services Fund |
|---|---|
| NFO Open Date | 06 February, 2023 |
| NFO Close Date | 20 February, 2023 |
| Re-open Date | on or before : 6 March, 2023 |
| Benchmark | Nifty Financial Services TRI |
| Fund Manager | Shibani Sircar Kurian Abhishek Bisen (Debt Portion) Arjun Khanna (Foreign Securities) |
| Exit Load | If redeemed / switched-out within 12 months from the date of allotment -For 10% of investment: Nil -For remaining investment: 1% |
| Min Investment | 5,000 |
Investment Strategy
The Scheme will invest primarily in equities and equity-related securities of companies in the banking and financial services sectors.
To promote diversification, the Scheme may invest up to 20% of its assets in companies other than banks and financial services firms.
A portion of the scheme will also be invested in initial public offerings (IPOs), emerging sectors, and other primary market offers that meet investment criteria.
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The fund manager would apply a bottom-up approach to identify companies with strong fundamentals using the business, management, valuation (BMV) method.
Asset Allocation Pattern
| Investment | Indicative Allocation |
|---|---|
| Equity – securities of companies engages in Banking & Financial service sector | 80-100% |
| Equity – securities of companies other than those engages in BFSI | 0-20% |
| Overseas Mutual fund schemes/ETF/ Foreign securities | 0-20% |
| Debt & Money Market Securities | 0-20% |
| Units of REITs & InvITs | 0-10% |
The fund may offer investment opportunities in the banking and financial services sector across all market capitalization and sub-sectors.
