Kotak Special Opportunities Fund is open for subscription. Key things to know

Jun 10, 2024, 02:13:38 PM IST

Kotak Mutual Fund has launched Kotak Special Opportunities Fund, an open-ended equity scheme following the special situations theme. The fund is a thematic fund, according to the data by ACE MF. Here are the key things to know.

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The new fund offer or NFO of the scheme is open for subscription and it will close on June 24. The scheme will re-open for continuous sale and repurchase on or before: July 08, 2024.

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Benchmark and fund manager

The scheme will be benchmarked against Nifty 500 TRI. The scheme will be managed by Devender Singhal and Arjun Khanna.

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Minimum investment amount

The minimum application amount for lumpsum, SIP, and additional purchase investment is Rs 100, and any amount thereafter.

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Exit load applicable

The exit load will be nil for redemption / switch out of up to 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment. An exit load of 1% will be applicable if units redeemed or switched out are in excess of the limit within 1 year from the date of allotment and no exit load will be there if units are redeemed or switched out on or after 1 year from the date of allotment.

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Allocation of assets

The scheme will invest 80-100% in equity and equity-related securities of special situations theme, 0-20% in equity and equity-related securities other than of special situations theme and overseas mutual funds schemes/foreign securities, 0-20% in debt and money market securities, and 0-10% in units of REITs and InvITs.

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Suitable for these investors

The scheme is suitable for those investors who are seeking long-term capital growth and want investment in a portfolio of predominantly equity and equity related securities following a special situation theme.

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”India as a growing market is ever-changing and dynamic leading to multiple special opportunities. For e.g. Launch of PLI and the world looking for China+1 created an opportunity for the electronics manufacturing sector in India. A similar opportunity can also arise in a company that sees a management change, aiming to improve its prospect of future growth,” said Nilesh Shah, Managing Director, of Kotak Mutual Fund.

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How is it different?

“Broad thematic funds such as Kotak Special Opportunities Fund can be part of the portfolio of investors as these are generally diversified across sectors. Unlike sectoral funds which focus on opportunities in a single sector thereby warranting only a tactical allocation in investors’ portfolio, these funds can see strategic allocation because of their broad-based nature,” said Biraja Tripathy, Head Products, Kotak Mutual Fund.

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