Kotak Mutual Fund files draft document with Sebi for special opportunities fund

Kotak Mutual Fund has filed a draft document with Sebi for a special opportunities fund. Kotak Special Opportunities Fund will be an open-ended equity scheme following a special situations theme.

The investment objective of the scheme will be to generate long-term capital appreciation by investing predominantly in opportunities presented by special situations such as Company Specific Event/Developments, Corporate Restructuring, Government Policy change and/or Regulatory changes, Technology led Disruption/ Innovation or companies going through temporary but unique challenges and other similar instances.

The scheme will be benchmarked against Nifty 500 TRI. The scheme will be managed by Devender Singhal and Arjun Khanna.

The minimum application amount for lumpsum, SIP, and additional purchase investments will be Rs 100, and any amount thereafter. The minimum redemption amount for all plans will be Rs 1,000 or 100 units or account balance, whichever is lower.

The scheme will allocate 80-100% in equity and equity-related securities of special situations theme, 0-20% in equity and equity-related securities other than of special situations theme and overseas mutual funds schemes/ETFs/foreign securities, 0-20% in debt and money market securities, and 0-10% in units of REITs & InvITs.