Kotak Mutual Fund launched new fund offer Kotak Equity Saving Fund- Open ended Equity scheme. The NFO Opens for subscription on 17 Sep. 2014 & closes on 01 Oct. 2014. No entry load will be applicable for the scheme.
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[wptabtitle] Scheme Details[/wptabtitle] [wptabcontent]Key Scheme Feature
| Scheme Name | Kotak Equity Saving Fund |
|---|---|
| Fund House | Kotak Mutual Fund |
| Type | Open Ended Scheme |
| Category | |
| Benchmark | 75% CRISIL Liquid & 25% CNX Nifty Index |
| Option | Growth / Dividend |
| Fund Manager | |
| Scheme Name | Kotak Equity Saving Fund |
|---|---|
| NFO Open | 17 Sep 2014 |
| NFO Close | 01 Oct 2014 |
| Scheme Type | Open Ended scheme |
| Plan | Regular |
| Minimum Application Amount | Rs 5000 |
| Load Structure | For Purchase during NFO : Entry Exit within 1 year - 1% & Exit after 1 year - NIL |
Cheque Details : “Kotak Equity Saving Fund”
Who can Invest
This product is suitable for investors:
- Seeking long term capital appreciation
- With risk appetite of investing in Equities
- Investors willing to take exposure in equity and equity related securities
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[wptabtitle] Objective[/wptabtitle] [wptabcontent]Investment Objective for Kotak Equity Saving Fund
- To generate long term capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segment of the equity market, and enhance returns with a moderate exposure in equity & equity related instruments. There is no assurance or guarantee that the investment objective of the scheme will be achieved
Portfolio Construction
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[wptabtitle] Tax Implication[/wptabtitle] [wptabcontent]Illustrative List of Tax Implications
This summary of tax implication is based on the current provisions of the applicable laws. In view of the individual nature of tax implications, investor are advise to refer the provisions of the Income-Tax Act & consult Investment Advisor or Tax advisor with respects to the specific tax implications arising out of an investment in the scheme.
- Income from Fund : Exempt from Tax
- Dividend from Fund : Tax Free
- Long Term Capital Gain (Unit held for more than 12 months qualify) : Tax Free
- Short Term Capital Gain (Unit held for less than 12 month qualify) : 15%
- Security Transaction Tax : Payable at 0.001% on the value of units sold
- Tax Deduction at Source (TDS) : Not applicable for person resident in India; TDS applied on redemption proceeds payable to NRIs.
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rajendra@puneinvest.com
Mobile 7719917444
