Kotak Emerging Equity Scheme(G)

Performance

About Kotak Mahindra Asset Management Company

A subsidiary of Kotak Mahindra Bank Limited, Kotak Mahindra Asset Management Company Limited (KMAMC) was founded in 1998 to help investors find investment opportunities based on their personal financial objectives. Over 7.5 lakh investors have invested in a variety of schemes offered by the asset management company.

Kotak Emerging Equity Fund - Growth

Kotak Emerging Equity Funds scheme aims to invest in equity and equity-based securities with an objective to generate long-term capital appreciation for the investors. The fund primarily invests in mid cap companies.

Key Features of The scheme

The key features of Kotak Emerging Equity Funds - Growth are given in the table below:

Investment Amount for Kotak Medium Term Fund – Growth

Asset Allocation for Kotak Emerging Equity Funds

Who Can Invest?

The following is the list of individuals, groups, and institutions who can purchase the units of the fund:

• Individuals above the age of 18 can individually or jointly invest in the scheme (maximum 3 persons)
• Association/body of Individuals (incorporated as well as unincorporated)
• Navy/Air Force/Paramilitary Units/Army and other defence institutions
• Co-operative Societies/Registered Societies who are authorised to make investments in fund units
• Charitable organisations and religious institutions falling under the provisions of 11(5) of the Income Tax Act, 1961
• Registered companies and corporate houses
• Educational institutions and universities
• Investment institutions/Financial institutions, and regional and co-operative banks
• Government authorised International Multilateral Agencies
• Foreign Portfolio Investor (FPI)
• Hindu Undivided Families (HUFs)
• Pension/Gratuity/Provident funds when authorised to invest
• Individuals of Indian origin living in foreign countries/Non-Resident Indians (NRIs) (on full repatriation/non-repatriation basis)
• Lawful guardians or parents can purchase the units on behalf of minors
• Scientific and Industrial research institutes
• Other schemes under the umbrella of Kotak Mahindra Mutual Fund as per the conditions prescribed by the SEBI, Trustee, AMC, or Sponsor
• Other Mutual Funds registered with SEBI
• Foreign Institutional Investors (FIIs) registered with SEBI
• Partner/partners of a partnership firm
• Trustees of private trusts permitted to make investments in the scheme subject to certain conditions

Investment Restrictions

1. The scheme can invest only a maximum of 10% of the NAV in equity and equity related securities of any company. There are certain exceptions too.
2. The scheme can only invest a maximum of 5% of the NAV in equity and equity related instruments that are unlisted.
3. More than 10% of any company’s paid up capital having voting rights cannot be owned by a mutual fund under any scheme.
4. A maximum of 10% of the NAV can be invested in money market instruments, non money market instruments and other debt instruments offered by a single issuer. The investment limit can be extended to 12% after the approval of the Asset Management Company, board of directors, and board of trustees. Also, the investment restrictions have certain exceptions which can be found in the scheme information document.
5. A maximum of 10% can be invested in debt instruments that are not rated. Investment in such securities should not be more than 25% of the fund’s NAV. For such investments, the approval of board of AMC is necessary.
6. Debentures and debt instruments have the same investment restrictions irrespective of their residual maturity period. These restrictions apply to all debt instruments issued by any government body, public institution, or municipal corporations. Securities issued by government on behalf of RBI are however exempt from such restrictions.
7. The scheme may invest in any other mutual fund or a scheme that comes under the same Fund Management Company at no extra fee if such investment does not go beyond 5% of the NAV of the mutual fund. There are other conditions as well.
8. The scheme is restricted to invest in any unlisted securities subject to certain conditions as mentioned in the scheme document.
9. The scheme is restricted to invest in a fund of funds scheme.
10. Investments can be transferred from one scheme to another if certain conditions are met.
11. Purchase and sale of securities must be done on the basis of deliveries.
12. Except for meeting the liquidity needs, mutual funds shall not offer any loans to pay interest and dividend to unitholders.
13. Transactions that are related to government securities must be done in dematerialised form.
14. Securities should be sold and purchased in the name of the fund of the concerned scheme.
15. Deployment of pending funds should be made in accordance with the investment objectives of the scheme.
16. As per SEBI rules, the overall exposure to a particular sector cannot be more than 25% of the NAV of the scheme subject to certain conditions.
17. Investment in derivatives can be made as per the rules governed by SEBI.

Computation of NAV

The NAV of a scheme can be calculated by dividing the value of net assets of the scheme by the number of units that are outstanding on the date of valuation. The NAV of a mutual fund is updated on the official website of AMFI and Kotak Mahindra Asset Management Company on each business day.

Liquidity

The scheme has open-ended liquidity. The purchase and redemption can be done at prices based on the applicable NAV each business day.

Benchmark Index

Nifty Free Float Midcap 100

Fund Managers

Pankaj Tibrewal

Having more than 13 years of experience in fund management, Pankaj Tibrewal is a graduate in commerce from St. Xavier’s College Kolkata and Masters in Finance from Manchester University. Prior to working with Kotak Asset Management Company, he has experience working in the fund management team of PNB Asset Management Private Ltd.

Arjun Khanna

Having an experience of over 11 years in fund management and equity research, Arjun Khanna is a graduate in engineering (Electronics) and Masters of Management (Finance). He has also received the designation of the Chartered Financial Analyst.

Why Invest In Kotak Emerging Equity Fund

Kotak Emerging Equity Fund invests in equity and equity based securities with a motive of generating long term capital appreciation for investors. The scheme can be profitable for those investors who wish to invest in mid cap companies.

GST rate of 18% applicable for all financial services effective July 1, 2017.