Kotak Mahindra Mutual Fund Announces change in Minimum Application Amount & SIP

Published on Dec 28, 2023 15:00

Kotak Mahindra Mutual Fund Announces that the Minimum Application Amount for the below mentioned Schemes of Kotak Mahindra Mutual Fund stands modified as under with effect from January 03, 2024.

Name of the Scheme(s)	Existing Minimum Application Amount	Proposed Minimum Application Amount
Kotak Nifty G-Sec July 2033 Index Fund	Initial Purchase (Non- SIP): Rs. 100/- and in multiples of Re. 1 for purchases and of Re. 0.01 for switches. Additional Purchase (Non SIP): Rs. 100/- and in multiples of Re. 1 for purchases and of Re. 0.01 for switches. Systematic Investment Plan (SIP): Rs. 100/- (Subject to a minimum of 10 SIP installments of Rs. 100/- each).	Initial Purchase (Non- SIP) : Rs. 100/- and any amount thereafter Additional Purchase (Non SIP): Rs. 100/- and any amount thereafter Systematic Investment Plan (SIP): Rs. 100/- and any amount thereafter
Kotak Consumption Fund and Kotak Healthcare Fund	Initial Purchase (Non- SIP) : Rs. 5000/- and in multiples of Re. 1 for purchases and of Re. 0.01 for switches. Additional Purchase (Non SIP) : Rs. 1000/- and in multiples of Re. 1 for purchases and of Re. 0.01 for switches. Systematic Investment Plan (SIP): Rs. 500/- (Subject to a minimum of 10 SIP installments of Rs. 500/- each).	Initial Purchase (Non- SIP) : Rs. 100/- and any amount thereafter Additional Purchase (Non SIP): Rs. 100/- and any amount thereafter Systematic Investment Plan (SIP): Rs. 100/- and any amount thereafter