Kotak Mutual Fund has announced the conversion of Kotak Emerging Equity Scheme, a three year close ended equity growth scheme into an open ended equity growth scheme with effect from 31 March 2010.
Unitholders of the scheme who are not in agreement with the conversion may redeem their units at applicable NAV or switch to other open-ended schemes of the fund house without payment of exit load between 1 March 2010 and 30 March 2010 (both days inclusive). Kotak Emerging Equity Scheme will be an open ended scheme from the business day immediately following the closure of exit option period i.e. 31 March 2010. No action is required in case the unitholders are in agreement with the aforesaid conversion.
The exit load charge will be 1%, for exit within 1 year from the date allotment and nil for exit after 1 year from the date of allotment of units. The load structure shall be applicable to units allotted on or after 31 March 2010.
Kotak Emerging Equity Scheme is a close ended equity growth scheme with the investment objective to generate long-term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid and small cap companies.
Source: http://profit.ndtv.com/2010/02/26095857/Kotak-Emerging-Equity-Scheme-t.html
Unitholders of the scheme who are not in agreement with the conversion may redeem their units at applicable NAV or switch to other open-ended schemes of the fund house without payment of exit load between 1 March 2010 and 30 March 2010 (both days inclusive). Kotak Emerging Equity Scheme will be an open ended scheme from the business day immediately following the closure of exit option period i.e. 31 March 2010. No action is required in case the unitholders are in agreement with the aforesaid conversion.
The exit load charge will be 1%, for exit within 1 year from the date allotment and nil for exit after 1 year from the date of allotment of units. The load structure shall be applicable to units allotted on or after 31 March 2010.
Kotak Emerging Equity Scheme is a close ended equity growth scheme with the investment objective to generate long-term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid and small cap companies.
Source: http://profit.ndtv.com/2010/02/26095857/Kotak-Emerging-Equity-Scheme-t.html
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