Extension of NFO of Kotak Indo World Infrastructure Fund

Kotak Mahindra Mutual Fund has extended the offer period for its Kotak Indo World Infrastructure fund by six days. Now, the offer would close on 22 December 2007.

Kotak Indo World Infrastructure fund is a three year close-ended equity Scheme with an investment objective to generate long-term capital appreciation from a portfolio of equity, equity related securities or units of overseas mutual funds, which are likely to directly or indirectly contribute to or benefit from the growth in infrastructure in India/across the world.

The scheme will invest 65%-85% in equities & equity related securities in India related to infrastructure. The investment in overseas equity and equity related securities or class of share /units of overseas mutual fund related to infrastructure would be 10%-35%. Investment in domestic debt, money market instruments will be 0%-35% including investment in securitised debt up to 50% of the net assets.