I have been using cleartax for investment from last 3 years ! Very effective and easy to use !
Kotak Multi Asset Allocation Fund- Direct Plan - Growth - NFO
Direct
Growth
Direct
Growth
Fund overview
CLOSED
Last date to invest
14 Sep 2023
Thursday
Offer price
₹10
Allotment date
22 Sep
Launch date
31 Aug
Expense ratio
-
Exit Load
1% in 365 days
Lock-in period
No Lock-in
Risk
Very High
Related Funds
| Fund | NAV | 3yr Returns | Risk |
|---|---|---|---|
| 98.94 | 29.87% | Very High Risk | |
| 19.25 | 20.94% | Very High Risk | |
| 17.64 | 16.99% | High Risk | |
| 23.29 | 11.63% | Very High Risk | |
| 23.29 | 11.63% | Very High Risk | |
| 22.50 | 10.84% | Very High Risk | |
| 22.50 | 10.84% | Very High Risk | |
| 12.82 | 8.89% | Moderately High risk | |
| 23.59 | -- | Very High Risk | |
| 23.59 | -- | Very High Risk |
About Kotak Mahindra Asset Management Co Ltd
Kotak Mahindra Mutual Fund is a part of the Kotak Group established in 1985 by Mr. Uday Kotak. Kotak Mahindra Asset Management Company (KMAMC) is the asset manager for Kotak Mahindra Mutual Fund (KMMF). KMAMC started its operations in 1998.
Managers | Abhishek Bisen, Devender Singhal, Hiten Shah, Arjun Khanna, Jeetu Sonar |
Custodians | Deutsche Bank AG |
Address | Kotak Mahindra Asset management Company Limited 2nd Floor, 12-BKC, Plot No C-12 |
Fax Nos. | +91 22 67082213 |
Telephone Nos. | +91 22 61152100 |
Homepage | www.kotakmf.com |
See what our clients have to say
Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends
I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great.
Why Invest with ClearTax
Choose from best funds
Invest in hand-picked top performing Mutual funds
Bank graded security
Data security is our top priority. 128 Bit Bank Grade SSL. ISO 27001 DC.
Easy to invest
Sign up and start investing online within minutes.
Easy to withdraw
Withdraw anytime in 1-click with no paperwork needed
Easy to track
Track / monitor your investments 24*7 on your dashboard
Instant investment proof
Get your 80C investment proof instantly and submit to HR.
3 easy steps to complete your investment
Complete the entire investment process in just three simple steps and enjoy your returns.
Select the amount to invest
Choose from 200+ mutual funds catered for you
Enter personal details
Complete your KYC and get registered
Pay and your are done!
Checkout and see your money grow
Frequently Asked Questions
What is an NFO?
An Asset Management Company (AMC) introduces a new mutual fund scheme through the New Fund Offer or NFO. In simple terms a mutual fund house offers units of a new mutual fund scheme to investors through the NFO. NFOs are open for subscription for a specified period where investors can invest in units of the new mutual fund scheme at the offer price. You have the NFO price in mutual funds generally fixed at Rs 10 per unit of the mutual fund scheme. On expiry of the NFO period, new and existing investors can buy units of the mutual fund scheme at a specified price which is usually higher than the NFO price. AMCs raise funds through the NFO to purchase securities such as stocks, bonds and so on in-line with the new mutual fund scheme’s investment mandate.
How is NFO a good opportunity?
• NFO presents you with an opportunity to tap into a new investment theme. You could invest in the NFO if you lack the relevant investment theme in your portfolio and it has potential for growth over time. • NFOs are generally launched at an NAV of Rs 10. However, you can profit from the investment if the NAV of the mutual fund scheme rises with time. • NFOs may give you the opportunity to get exposure to foreign stocks and diversify beyond the Indian stock market.
Why is my NFO order still pending?
Investing in mutual fund schemes through NFOs takes longer as compared to normal mutual fund schemes. You get units of the new mutual fund scheme subscribed through NFOs in around 7-10 working days following the NFOs closing date. You must check the closing date of the NFO to get an idea on when units of the new mutual fund scheme will be allotted. You can get in touch with us in case your issue persists by using the button below. Our support team will do the needful and get in touch with you.
Can my NFO order get rejected?
Your NFO order will get rejected if you place your order after the cutoff time on the final day of the NFO. Moreover, you must complete your KYC (Know Your Customer) requirements as part of compliance which is mandatory to prevent the misuse of services of financial entities such as AMCs for illegal activities such as money laundering. Your NFO gets rejected if you have not completed your KYC.
Is KYC necessary for NFO purchase?
You must complete your KYC (Know Your Customer) requirement which is verification of your identity and address by an institution before investing in the NFO. It prevents the misuse of services of banks, AMCs and other financial institutions for illegal activities such as money laundering.
What is a lock-in period?
It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options. Lock-in period is calculated from the date of investment. Meaning SIPs will have different lock-in dates
What is a Mandate (Auto-SIP)?
A Mandate is a one-time registration through which you instruct your bank account to deduct a specified amount of money from your account daily towards investing into a SIP portfolio. Once you register for Mandate, you don’t have to follow the payment process every time you invest in the SIP.
