Kotak Mutual Fund has announced changes in load structure of Kotak Equity Arbitrage Fund. The changes will be effective from 18 February 2009.
Accordingly, the scheme will not charge any entry load.
Exit load, for investments les than or equal to Rs 2 crore, the scheme will charge an exit load of 0.60%, if redeemed on or before 90 days from the date of allotment of units. 0.50%, if redeemed after 9H days but on or before 180 days from the date of allotment of units.
For investments greater than Rs 2 crore, it will charge an exit load of 0.50%, if redeemed on or before 30 days from the date of allotment of units. And nil if redeemed after 30 days from the date of allotment of units.
Kotak Equity Arbitrage Fund is an open ended equity growth scheme with an investment objective to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash & derivatives segment of the equity market, and by investing the balance in debt and money market instruments.
Accordingly, the scheme will not charge any entry load.
Exit load, for investments les than or equal to Rs 2 crore, the scheme will charge an exit load of 0.60%, if redeemed on or before 90 days from the date of allotment of units. 0.50%, if redeemed after 9H days but on or before 180 days from the date of allotment of units.
For investments greater than Rs 2 crore, it will charge an exit load of 0.50%, if redeemed on or before 30 days from the date of allotment of units. And nil if redeemed after 30 days from the date of allotment of units.
Kotak Equity Arbitrage Fund is an open ended equity growth scheme with an investment objective to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash & derivatives segment of the equity market, and by investing the balance in debt and money market instruments.
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