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(As on Jul 12, 2018, 16:40)

Kotak Balanced Advantage Fund floats on

Kotak Mahindra Mutual Fund has launched a new Open Ended Growth scheme named “Kotak Balanced Advantage Fund” with maturity period of 0 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jul 13 to Jul 27, 2018.

According to the offer document filed with SEBI, the entry load is Nil and exit load is 1.

The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.

The fund manager of the scheme will be Harish Krishnan, while the performance of the scheme will be benchmarked against .

The investment objective of the scheme is to generate capital appreciation by investing in a dynamically balanced portfolio of equity & equity related securities and debt & money market securities.

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