KOTAK MAHINDRA MUTUAL FUND ANNOUNCES CHANGE IN EXIT LOAD STRUCTURE
Published on Jan 02, 2025 12:22
Kotak Mahindra Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 30 December 2024
Change in Exit Load:
Name of the Scheme | Existing Exit Load Structure | Revised Exit Load Structure |
---|---|---|
Kotak MNC Fund | � For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. � If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% � If units are redeemed or switched out on or after 1 year from the date of allotment: NIL |
� For redemption / switch out within 90 days from the date of allotment: 0.5% � If units are redeemed or switched out on or after 90 days from the date of allotment -Nil |
Kotak ESG Exclusionary Strategy Fund | 10% of the units allotted shall be redeemed without any Exit Load on or before completion of 1 Year from the date of allotment of units. Any redemption in excess of such limit within 1 year from the date of allotment shall be subject to the following Exit Load: � If redeemed or switched out on or before completion of 1 year from the date of allotment of units � 1.00% � If redeemed or switched out after completion of 1 Year from the date of allotment of units � NIL � Redemption of units would be done on First in First out Basis (FIFO). |
� For redemption / switch out within 90 days from the date of allotment: 0.5% � If units are redeemed or switched out on or after 90 days from the date of allotment -Nil � Redemption of units would be done on First in First out Basis (FIFO). |
Kotak Manufacture in India Fund | � For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. � If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% � If units are redeemed or switched out on or after 1 year from the date of allotment: NIL. |
� For redemption / switch out within 90 in days from the date of allotment: 0.5% � If units are redeemed or switched out on or after 90 days from the date of allotment -Nil |
Kotak Business Cycle Fund | � For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. � If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% � If units are redeemed or switched out on or after 1 year from the date of allotment: NIL |
� For redemption / switch out within 90 days from the date of allotment: 0.5% � If units are redeemed or switched out on or after 90 days from the date of allotment -Nil |
Kotak Special Opportunities Fund | � For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. � If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% � If units are redeemed or switched out on or after 1 year from the date of allotment: NIL |
� For redemption / switch out within 90 days from the date of allotment: 0.5% � If units are redeemed or switched out on or after 90 days from the date of allotment -Nil |
Kotak Pioneer Fund | � For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. � If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% � If units are redeemed or switched out on or after 1 year from the date of allotment: NIL� |
� For redemption / switch out within 90 days from the date of allotment: 0.5% � If units are redeemed or switched out on or after 90 days from the date of allotment -Nil |
Kotak Infrastructure & Economic Reform Fund | � For redemption / switch out within 90 days from the date � of allotment:1% � If units are redeemed or switched out on or after 90 days � from the date of allotment- Nil. |
� For redemption / switch out within 90 days from the date of allotment: 0.5% � If units are redeemed or switched out on or after 90 days from the date of allotment -Nil |
Kotak Consumption Fund | � For redemption / switch out within 30 days from the date of allotment: 1% � If units are redeemed or switched out on or after 30 days from the date of allotment: NIL |
� For redemption / switch out within 90 days from the date of allotment: 0.5% � If units are redeemed or switched out on or after 90 days from the date of allotment -Nil |
Kotak Technology Fund | � For redemption / switch out within 30 days from the date of allotment: 1% � If units are redeemed or switched out on or after 30 days from the date of allotment: NIL |
� For redemption / switch out within 30 days from the date of allotment: 0.5% � If units are redeemed or switched out on or after 30 days from the date of allotment: NIL |
Kotak Healthcare Fund | � For redemption / within 30 days from the date of allotment: 1% � If units are redeemed or switched out on or after 30 days from the date of allotment: NIL |
� For redemption / switch out within 30 days from the date of allotment: 0.5% � If units are redeemed or switched out on or after 30 days from the date of allotment: NIL |
Kotak Banking & Financial Services Fund | � For redemption / switch out of upto 10% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. � If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1%. � If units are redeemed or switched out on or after 1 year from the date of allotment: NIL |
� For redemption / switch out within 30 days from the date of allotment: 0.5% � If units are redeemed or switched out on or after 30 days from the date of allotment: NIL |
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