Kotak Mahindra MF Announces change in minimum application amount
Published on Feb 01, 2023 15:04
Kotak Mahindra Mutual Fund has announced change in minimum application amount under the following schemes, with effect from 07 February 2023.
Name of the Scheme | Types of Purchase | Existing Minium Application Amount | Revised Minimum Application Amount |
---|---|---|---|
Kotak Liquid Fund | Initial Purchase (Non-SIP) | Rs. 500/- and in multiples of Re. 1 for purchases and for 0.01 for switches | Rs. 100/- and in multiples of Re. 1 for purchases and for 0.01 for switches |
Additional Purchase (Non-SIP) | Rs. 500/- and in multiples of Re. 1 for purchases and for 0.01 for switches | Rs. 100/- and in multiples of Re. 1 for purchases and for 0.01 for switches | |
Kotak Emerging Equity Fund | Initial Purchase (Non-SIP) | Rs. 5000/- and in multiples of Re. 1 for purchases and for 0.01 for switches | Rs. 100/- and in multiples of Re. 1 for purchases and for 0.01 for switches |
Additional Purchase (Non-SIP) | Rs. 1000/- and in multiples of Re. 1 for purchases and for 0.01 for switches | Rs. 100/- and in multiples of Re. 1 for purchases and for 0.01 for switches | |
SIP Purchase | Rs. 1000/- (Subject to a minimum of 6 SIP instalments of Rs. 1000/- each) | Rs. 100/- (Subject to a minimum of 6 SIP instalments of Rs. 100/- each) | |
Kotak Small Cap Fund | Initial Purchase (Non-SIP) | Rs. 5000/- and in multiples of Re. 1 for purchases and for 0.01 for switches | Rs. 500/- and in multiples of Re. 1 for purchases and for 0.01 for switches |
Additional Purchase (Non-SIP) | Rs. 1000/- and in multiples of Re. 1 for purchases and for 0.01 for switches | Rs. 500/- and in multiples of Re. 1 for purchases and for 0.01 for switches | |
SIP Purchase | Rs. 1000/- (Subject to a minimum of 6 SIP instalments of Rs. 1000/- each) | Rs. 500/- (Subject to a minimum of 6 SIP instalments of Rs. 500/- each) | |
Kotak Equity Opportunities Fund | Initial Purchase (Non-SIP) | Rs. 5000/- and in multiples of Re. 1 for purchases and for 0.01 for switches | Rs. 500/- and in multiples of Re. 1 for purchases and for 0.01 for switches |
Additional Purchase (Non-SIP) | Rs. 1000/- and in multiples of Re. 1 for purchases and for 0.01 for switches | Rs. 500/- and in multiples of Re. 1 for purchases and for 0.01 for switches | |
SIP Purchase | Rs. 1000/- (Subject to a minimum of 6 SIP instalments of Rs. 1000/- each) | Rs. 500/- (Subject to a minimum of 6 SIP instalments of Rs. 500/- each) |
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