Kotak Small Cap Fund removes limits from SIP and lumpsum investments

Kotak Mahindra Mutual Fund has announced that investments through lumpsum, SIP and STP in Kotak Small Cap Fund, can be done without any limits with effect from July 02, 2024.

Earlier, in March 2024, the fund had restricted lumpsum investments to Rs 2,00,000 per PAN per month while fresh SIPs and STPs were capped at Rs 25,000 per PAN per month, citing bull run in small-cap stocks.

As per the fund house, the limits have been removed due to reduced market volatility post elections, bringing more stability in the market for small-cap stocks.