Kotak Mutual Fund revises key features under its scheme

Kotak Mutual Fund has decided to revise key features under its scheme - Kotak 30. The scheme will be renamed as Kotak 50. The change will be effective from 01st January, 2011. The revised investment objective is to generate capital appreciation from a portfolio of predominantly equity and equity related securities. The portfolio will generally comprise of equity and equity related instruments of around 50 companies which may go upto 59 companies at any point of time. Investors, who do not agree to the revision, have an option to redeem or switch their units between 02nd December 2010 to 31st December 2010, without paying any exit load.

Source: http://www.mutualfundsindia.com/news_viwe.asp?news_headline=Kotak+Mutual+Fund+revises+key+features+under+its+scheme+@MF037