Home | Contact Us | Brochure  | User Guide
0
Username
Password
Forgot Password
Capitaline Newswire App Google Play Capitaline Newswire App Store
14 Jul 2025 00:07 Sensex 82,253.46 -247.01 (-0.30%) || Nifty 25,082.30 -67.55 (-0.27%) 00
  AMC
  Single Scheme
  Multi Schemes
  Comparison
  NFO
  Charts
  MF Updates
  Miscellaneous
  Defined Sets
News
Top Equity Holdings by AMC
News Back
07 Oct 2019 14:55
Kotak Pioneer Fund Floats On
Kotak Mahindra Mutual Fund has launched a new fund named as Kotak Pioneer Fund, an open ended equity scheme investing in pioneering innovation theme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 09 October to 23 October 2019.

The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity, equity related instruments and units of global mutual funds which invests into such companies that utilize new forms of production, technology, distribution or processes which are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models.

The scheme offers growth and dividend (payout and reinvestment) option.

The scheme shall invest 80% - 100% of assets in equity and equity related securities of companies having pioneering innovations theme with high risk profile and invest upto 20% of assets in equity and equity related securities of companies other than having pioneering innovations theme with medium to high risk profile and invests upto 20% of assets in debt & money market instruments with low to medium risk profile and invests upto 10% of asset in Units issued by REITs and InvITs with medium to high risk profile.

The minimum application amount is Rs 5000 and in multiples of Rs 1 for purchase and switch-ins.

The minimum additional amount is Rs 1000 and in multiples of Rs. 1/- for purchase and switch-ins.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme.

Entry load: Nil

Exit load: For redemptions / switch outs within 1 year from the date of allotment of units, irrespective of the amount of investment: 1%

If units are redeemed or switched out on or after 1 year from the date of allotment of units, irrespective of the amount of investment: Nil.

The performance will be benchmarked against 85% IISL KOTAK INDIA PIONEERING INNOVATIONS INDEX + 15% MSCI ACWI INFORMATION TECHNOLOGY INDEX TRI.

Harish Krishnan will be the Fund Manager for the Scheme. Arjun Khanna will be the Dedicated Fund Manager for investments in foreign securities.

Powered by Capital Market - Live News
Other Stories
Samco Mutual Fund announces ch...
 (12-Jul  11:30)
Groww Mutual Fund announces ch...
 (12-Jul  11:06)
Bank of India Mutual Fund anno...
 (11-Jul  10:54)
HDFC Mutual Fund launches HDFC...
 (10-Jul  13:45)
Nippon India Balanced Advantag...
 (10-Jul  09:33)
Mutual Fund AUM rises to Rs 74...
 (9-Jul  14:18)
AMCs may soon advise pooled fu...
 (8-Jul  16:20)
Franklin Templeton Mutual Fund...
 (8-Jul  11:06)
PGIM India Mutual Fund announc...
 (8-Jul  10:55)
ITI MF announces Income Distri...
 (8-Jul  09:46)
  FAQs  |  SEBI  |  AMFI  |  BSE  |  NSE
Glossary  |  Disclaimer   |  Privacy Policy   © Copyright 2022 All rights Reserved. Capital Market Publishers India Pvt. Ltd.