‘Kotak Quant Fund’, An open ended equity scheme following a Quant based investing theme. The fund will predominantly invest in stocks from a universe of NIFTY 200 TRI selected based on quantitative measures like data availability, liquidity etc.
The NFO will be open for subscription from July 12th, 2023 and will end on July 26th, 2023. Within five Business Days following the date of allotment(August 9th), the Schemes will reopen for continuous sale and repurchase. Subscriptions can be made starting at Rs. 5,000 and in multiples of Rs. 1/-. Both a Regular Plan and a Direct Plan are available.
About Kotak Mahindra Mutual Fund
Kotak Mahindra Asset Management Company Limited (KMAMC), an esteemed subsidiary of Kotak Mahindra Bank Limited (Kotak). As the trusted Asset Manager for Kotak Mahindra Mutual Fund (KMF), KMAMC has been driving financial excellence since its inception in December 1998. With a remarkable investor base of approximately 48.65 lakh folios across various schemes as of 31st March 2023, KMF stands as a beacon of opportunity.
Dedicated to serving investors with diverse risk-return preferences, KMF proudly offers a comprehensive range of schemes. Pioneering the financial landscape, KMF holds the distinction of being the first fund house in the country to introduce a dedicated gilt scheme, exclusively investing in government securities. Expanding its reach far and wide, KMAMC operates in 88 cities and boasts an extensive network of 95 branches as of 31st March 2023.
Kotak Quant Fund – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | Kotak Mahindra Mutual Fund |
| Name of the Fund | Kotak Quant Fund |
| Type of Scheme | Open-ended |
| Category of Scheme | Equity: Thematic |
| NFO Starts | 12-July-2023 |
| NFO Ends | 26-July-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 5000 |
| Plans | Regular, Direct |
| Options | Growth, IDCW |
| Entry Load | Not Applicable |
| Exit Load | 0.5% |
| Investment Manager | Kotak Mahindra Asset Management Company Limited |
| Fund Manager | Mr. Harish Krishnan |
Kotak Quant Fund NFO – Scheme Objective
The Investment objective of the Scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities selected based on quant model themes.
Kotak Quant Fund NFO – Who Can Invest?
This product is suitable for investors who are seeking*:
- Long term capital growth.
- Investment predominantly in equity & equity related instruments selected based on quant mode.
How Will the Scheme Allocate Its Asset
- 80-100% in Equity and equity related instruments based on quant model themes.
- 0-20% in Equity and Equity Related Securities of companies other than quant model themes.
- 0-20% in Overseas Mutual Funds schemes / ETFs / Foreign Securities.
- 0-20% in Debt Securities and Money Market Instruments.
- 0-10% in Units of REITs & InvITs.
Where Will the Scheme Invest?
The Scheme shall invest in the following securities as per the limits specified in the asset allocation table of Scheme, subject to SEBI (MF) Regulations.
- Equity and equity related securities including convertible bonds and debentures and warrants carrying the right to obtain equity shares.
- Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government Securities as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Debt obligations of domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee (including but not limited to Indian Government Bond, State Development Loans issued and serviced at the Public Debt Office, Bonds issued by Central & State Government PSU’s which are guaranteed by Central or State Governments).
- Corporate debt (of both public and private sector undertakings) including Non convertible debentures (including bonds) and non-convertible part of convertible securities.
- Short Term Deposits of banks (both public and private sector) and development financial institutions to the extent permissible under SEBI Regulations;
- Money market instruments permitted by SEBI/RBI, having maturities of up to one year but not limited to:
- Certificate of Deposits (CDs).
- Commercial Paper (CPs)
- Tri-party Repo, Bills rediscounting, as may be permitted by SEBI from time to time.
- Repo of corporate debt securities
- Securitised Debt, not including foreign securitised debt.
- Investment in debt instruments having structured obligations / credit enhancements.
- Units of Mutual Funds Schemes;
- The scheme may invest in units of overseas Mutual Funds schemes / ETFs.
- ADRs, GDRs or other foreign securities.
- Securities Lending & Borrowing as permitted by SEBI from time to time
- Investment in units of Real Estate Investment Trust (‘REIT’) & Infrastructure Investment Trust (‘InvIT’).
- Any other domestic fixed income securities as permitted by SEBI / RBI from time to time.
- Derivative instruments like interest rate swaps, index futures, stock futures, index options, stock option, warrants, convertible securities, or any other derivative instruments that are permissible or may be permissible in future under applicable regulations. To reduce interest rate risk in a debt portfolio, the scheme may hedge the portfolio.
Kotak Quant Fund NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit this page on the AMC website for further detail and investment.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
