Kotak Mutual Fund has announced the suspension of subscription of the units of Kotak Equity Arbitrage Fund, with effective from July 1, 2009. Given the scheme's large size as well as prevailing market conditions, in the interest of the scheme and the existing unitholders, the subscription of units in the scheme will remain suspended.
However, the scheme will continue to issue to the investor already registered under the dividend reinvestment option and will continue to accept subscriptions from investor already registered under Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP).
Moreover, no fresh registrations shall be accepted via SIP/STP. During this suspension period, the redemptions (including switch-out) would continue to allow as per the terms of the scheme information document. Meanwhile, all the other terms and conditions will remain unchanged.
However, the scheme will continue to issue to the investor already registered under the dividend reinvestment option and will continue to accept subscriptions from investor already registered under Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP).
Moreover, no fresh registrations shall be accepted via SIP/STP. During this suspension period, the redemptions (including switch-out) would continue to allow as per the terms of the scheme information document. Meanwhile, all the other terms and conditions will remain unchanged.
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