Kotak Mutual Fund has launched a new fund offer, Kotak Multicap Fund which will be open for subscription from 8th September 2021 to 22nd September. It is an open-ended fund that invests in large-cap, mid-cap and small cap stocks. SEBI had earlier revised the guidelines, where it had indicated that multicap funds should invest a minimum of 25% each in large cap, midcap and small cap stocks.
Investment Objective
The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities across market capitalization
There is no assurance that the investment objective of the Scheme will be achieved.
Investment Strategies?
To achieve the investment objective, the scheme will invest in equity and equity linked instruments across market capitalization viz. Large cap, mid cap and small companies as defined under SEBI circular. The Minimum investment in equity & equity related instruments -75% of total assets in the following manner:
Minimum investment in equity & equity related instruments of large cap companies - 25% of total assets.
Minimum investment in equity & equity related instruments of mid cap companies - 25% of total assets.
Minimum investment in equity & equity related instruments of small cap companies - 25% of total assets.
Currently the large cap companies are the 1st-100th, mid cap companies are 101st - 250th and small cap companies are 251st company onwards in terms of full market capitalisation.
Benchmark
The performance of the Scheme is measured against Nifty 500 Multicap 50:25:25 Total Returns Index
The asset allocation under the Scheme
The asset allocation under the Scheme, under normal circumstances, is as follows:
Investments | Indicative Allocation | Risk Profile |
Equity & equity related securities* | 75% - 100% | Medium to High |
Debt & Money market instruments# | 0-25% | Low |
Units issued by REITs & InvITs | 0-10% | Medium to High |
*Minimum investment in Equity & Equity related instruments of large Cap companies – 25% of total assets
Minimum investment in Equity & Equity related instruments of mid cap companies – 25% of total assets
Minimum investment in Equity & Equity related instruments of small cap companies – 25% of total assets.
#Debt instruments shall be deemed to include securitised debts (excluding foreign securitised debt) and investment in securitised debts may be up to 50% of Debt and Money Market instruments. This will also include margin money for derivative transactions.
NFO Details
Scheme Opens | 08-Sep-21 |
Scheme Closes | 22-Sep-21 |
Scheme reopens for continuous purchase/sale | Within 5 days from closure date |
Minimum Lumpsum | Rs 5,000 |
Minimum SIP | Rs 1,000 for 6 months |
NAV of the fund | Rs 10 during NFO period |
Entry Load | Nil |
​Exit Load | Within 1 year – beyond 10% of investments – 1% exit load After 1 year – Nil |
Benchmark | Nifty 500 Multicap 50:25:25 TRI |
Performance of existing Multicap Funds
Here is the performance of some existing flexicap funds. This would give an idea to investors on how these funds have performed in medium to long term. Returns indicated here are annualized returns.
​Scheme Name | 3 Yr Ret (%) | 5 Yr Ret (%) | Click to invest |
|---|---|---|---|
Quant Active Fund | 27.84 | 22.97 | |
Mahindra Manulife Multi Cap | 21.44 | NA | |
BNP Paribas Multi Cap Fund | 16.88 | 14.23 | |
Invesco India Multicap Fund | 15.53 | 14.94 | |
Principal Multi Cap Growth Fund | 15.42 | 15.47 | |
Nippon India Multi Cap Fund | ​13.20 | 12.48 | |
ICICI Prudential Multicap Fund | 12.86 | ​13.12 |
Who manages the scheme?
Mr. Harsha Upadhyaya and Mr. Devender Singhal will be the fund manager for equity investment of the scheme .Mr. Abhishek Bisen will be the Fund Manager for debt investment of the Scheme. Mr. Arjun Khanna will be the Dedicated Fund Manager for Overseas investments
Suitability
This Product is suitable for investors who are seeking*
Long term wealth creation
An open ended equity scheme investing across large cap, mid cap, small cap stocks
Investors whose investment time horizon is five years or more, this scheme may be suitable for them.
If you have any query or wants any assistance please Call 9837346090 or fill your details by clicking below we will call you
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*Investors should consult their financial advisors if in doubt about whether the product is suitable for them
Note: The above information has been sourced from the Scheme Information Document provided by Kotak Mahindra Asset Management. Read the entire document before investing, Disclaimer: Jaiprakash (ARN/Distributor - 70524; brand name Vasundhra Investment ) is the distributor of the mutual fund. Please consult your investment advisor before investing
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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