Kotak Global Emerging Mkt Fund(G)

Kotak Global Emerging Mkt Fund(G)
Dividend Yearly
NA
Category
Equity - FOF
52-week NAV high
19.12  (As on 26-08-2020)
52-week NAV low
12.81  (As on 23-03-2020)
Expense
1.65%  (As on 31-08-2020)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -2.07 8.44 43.61 16.81 7.24 6.71 7.83 7.62 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Sep 26, 2007
Last Dividend
NA
Minimum Investment
5000

Kotak Mahindra Mutual Fund is owned by Kotak Mahindra Bank Ltd. (KMBL) which was known as Kotak Mahindra Finance Ltd. before it received a banking licence from the Reserve Bank of India (RBI). KMBL was the first Non-Banking Financial Company (NBFC) in India to be converted into a bank. The assets of Kotak Mahindra Mutual Fund are managed by Kotak Mahindra Asset Management Company Ltd. The fund house offers many schemes across different asset classes - debt, liquid, equity, Fund of Funds (FoFs), etc.

The Kotak Global Emerging Market Fund - Growth is an open-ended equity scheme that was launched on 26 September 2007. The scheme is a Fund of Funds (FoFs) scheme which means that it invests in other mutual fund schemes and in this case, it invests in overseas mutual funds. The overseas mutual fund in turn, invests in securities in global emerging markets. The growth option of the scheme enables investors to achieve capital appreciation at the end of the investment period.

Investment Objective

To offer capital appreciation to the investor over a long term through investments in an overseas mutual fund scheme that invests in equities of firms in global emerging markets.

Key Features of the Scheme

The Kotak Global Emerging Market Fund is ideal for investors who wish to achieve capital gains over a long term and have a high appetite for risk. The scheme exhibits the below features:

Type of fund

An open-ended fund of fund scheme

Plans available

Growth and Dividend

Options under each plan

The dividend option has payout and reinvestment option

Risk

High

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment amount for Kotak Global Emerging Market Fund

Minimum Application Amount

Rs.5,000 and in multiples of Re.0.01 for switches and Re.1 for purchases

Minimum Additional Investment

Rs.1,000 and in multiples of Re.0.01 for switches and Re.1 for purchases

Minimum installment for Systematic Investment Plan (SIP)

Rs.1,000 (minimum of 6 instalments of Rs.1,000 each)

Minimum installment for Systematic Withdrawal Plan (SWP)

Rs.1,000

Entry Load

Not Applicable

Exit Load

1% exit load will apply if an investor exits before 1 year from the unit allotment date. No exit load will apply thereafter

Asset Allocation for Kotak Global Emerging Market Fund

Instruments

Percentage of total assets

Risk Profile

Minimum

Maximum

Units of emerging markets equity mutual fund schemes

95%

100%

High

Debt and money market instruments

0%

5%

Low

Who can invest in Kotak Global Emerging Market Fund?

The following entities/persons can subscribe to the units of Kotak Global Emerging Market Fund:

  • Individuals residing in India aged above 18 years, either singly or jointly (cannot exceed 3)
  • Hindu Undivided Families
  • Corporate bodies and firms registered in India
  • Parents or legal guardians on the minor’s behalf
  • Statutory/Public corporations and Public Sector Undertakings (PSUs)
  • Charitable and religious trusts, and trustees of private trusts
  • Body of Individuals or Association of Persons
  • Co-operative and registered societies permitted to invest
  • Partners of Partnership Firms
  • Navy/Army/Air Force, paramilitary units and other eligible institutions
  • Scientific and Industrial Research Organisations
  • Regional rural banks, co-operative banks, and other banks
  • Foreign Institutional Investors or SEBI registered sub-accounts of FIIs
  • Foreign Portfolio Investors (FPIs)
  • Investment Institutions and Financial Institutions
  • Government of India approved International Multilateral Agencies
  • SEBI registered mutual funds
  • Persons of Indian Origin/Non-Resident Indians on repatriation or non-repatriation basis
  • Pension/Provident/Gratuity and such other funds as and when allowed to invest
  • Universities and Educational Institutions
  • Public Financial Institutions as defined under the Companies Act 2013
  • Educational institutions and universities
  • Other schemes of Kotak Mahindra Mutual Fund

NAV Disclosure and Benchmark for Kotak Global Emerging Market Fund

The Net Asset Value (NAV) of the Kotak Global Emerging Market Fund is its value per unit on a particular day. The market value of the investments of the scheme will depend on the closing NAV of overseas mutual fund schemes and also on closing prices of local money market securities in which investments are made.

As the fund will majorly invest in overseas mutual fund schemes, there will be a difference in time zones, and due to this, the computation of NAV will be affected. Hence, the NAV of the fund for a particular day can only be computed once the NAV of the overseas scheme becomes available. Thus, the NAV for any business day will be available only on the next day. The same will be updated on the website of AMFI (www.amfiindia.com) and website of Kotak Mahindra Mutual Fund (assetmanagement.kotak.com) by 10:00 a.m. on each business day.

The NAV will also be sent to at least 2 newspapers for publication on every business day. The newspapers publishing the NAV will have a nationwide circulation.

Liquidity: Being an open-ended scheme, units can be redeemed/switched out at applicable NAVs on all business days.

Benchmark: MSCI Emerging Market Index

Fund Manager

Mr. Deepak Gupta and Mr. Abhishek Bisen

The Kotak Global Emerging Market Fund is managed by Mr. Deepak Gupta and Mr. Abhishek Bisen. Mr. Deepak Gupta has been managing it since 2 April 2011 while Mr. Abhishek Bisen has been managing it since 28 September 2010. Mr. Gupta has around 13 years of experience in handling mutual fund investments. The other funds managed by him include Kotak Asset Allocator Fund, Kotak World Gold Fund, Kotak Equity Savings Fund, Kotak Banking ETF, Kotak Nifty ETF, Kotak Sensex ETF, and Kotak NV 20 ETF.

Mr. Abhishek Bisen handles the debt segment of the investments and has been associated with Kotak Mahindra Mutual Fund since October 2006. He also manages the funds - Kotak Gold ETF, Kotak Debt Hybrid, Kotak Equity Hybrid, Kotak Gold Fund, Kotak Equity Savings Fund, etc.

Investment Restrictions on Kotak Global Emerging Market Fund

Subscription to the units of Kotak Global Emerging Market Fund is required to comply with the below-given investment restrictions as laid down by the Securities and Exchange Board of India (SEBI):

  • The scheme cannot advance any loans or borrow except in cases where it needs funds to fulfil its liquidity requirements. The borrowing, however, cannot exceed 20% of the scheme’s net assets and the duration of the borrowing should be less than 6 months.
  • The scheme can invest the pending deployment of a scheme’s funds in short-term deposits of scheduled commercial banks.
  • The scheme cannot invest above 10% of its NAV in debt securities issued by a single issuer and rated above the investment grade by a credit rating agency. This limit can be extended to 12% of the NAV provided that the Trust and Board of the AMC approve it.
  • The scheme is not permitted to invest in any other Fund of Funds (FoFs) schemes.
  • Debentures of any residual maturity period will attract the same restrictions as debt securities including the ones issued by public institutions/bodies such as municipal corporations, electricity boards, state transport corporations, etc. The restrictions, however, will not apply to securities issued by the central or state governments.
  • The scheme is not allowed to invest above 10% of its NAV in debt instruments that are unrated and issued by a single issuer. The total investment in such securities also cannot be more than 25% of the scheme’s NAV. Any such investments will need to be approved by the Board and Trustee of the AMC.

Dividend Policy of Kotak Global Emerging Market Fund

Investors will be entitled to receive dividends that will be distributed at the discretion of the Trustee and on the availability of surplus by way of realised profit. Only investors whose names appear on the register of unitholders will be eligible to receive dividends.

The dividend option will be available under 2 options - payout option and reinvestment option. In the payout option, unitholders will receive payouts that they can encash through direct credit or any other means into their bank account. Investors opting for a dividend reinvestment will not receive payouts but the dividend will be invested back into the scheme.

The dividend warrants will be dispatched by the fund house within 30 days from the dividend declaration date.

Other facilities offered under Kotak Global Emerging Market Fund

The Kotak Global Emerging Market Fund offers the below facilities for the benefit of investors:

  • Systematic Investment Plan (SIP)
  • Systematic Withdrawal Plan (SWP)
  • Switching
  • Trigger Facility
  • Systematic Transfer Plan (STP)
  • Dividend Transfer Plan (DTP)
  • Daily frequency under STP facility

Why you should invest in Kotak Global Emerging Market Fund

  • Professional management - Both the fund managers of the Kotak Global Emerging Market Fund have many years of experience in handling investments. Therefore, you can rest assured that your investments will be handled efficiently to achieve optimal returns.
  • Low investment amount - With just an investment of Rs.1,000 each month through an SIP, you can grow your capital over a long term investment horizon. An SIP also cultivates the habit of regular investing which aids you in creating wealth.
  • Liquidity - The units of the Kotak Global Emerging Market Fund can be redeemed or purchased on any business day at applicable NAVs.
  • Multiple investment options - The Kotak Global Emerging Market Fund is available in both regular and direct plans. Direct plans have a lower expense ratio as compared to regular plans and hence is ideal for investors who do not wish to incur extra costs on their investments.
  • Additional benefits - The Kotak Global Emerging Market Fund comes with additional features like SIP, SWP, STP, Dividend Transfer Plan, etc. and this feature makes the scheme an attractive investment option.

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