Kotak Mutual Fund Announces change in Minimum Application Amount and SIP Amount for two of its Funds

Published on May 29, 2023 13:47

Kotak Mutual Fund has decided to revise Minimum Application Amount for the following schemes of Kotak Mahindra Mutual Fund stands modified as under with effect from May 29, 2023.

Kotak Nifty Next 50 Index Fund & Kotak Nifty Smallcap 50 Index Fund:

Initial Purchase:

Rs. 100/- and in multiples of Re. 1 for purchases

Additional Purchase: Rs. 100/- and in multiples of Re. 1 for purchases

Systematic Investment Plan (SIP):

Minimum amount: Rs. 100

Minimum number of installments: 6