Kotak All Weather Debt FOF to become Kotak Income Plus Arbitrage FOF

Kotak Mahindra Mutual Fund has changed the fundamental attributes of Kotak All Weather Debt FOF. Effective from October 29, 2024, the scheme will be renamed as Kotak Income Plus Arbitrage FOF.

While the fund currently invests in debt-oriented mutual fund schemes of the AMC, it has now expanded its investment objective to include equity-based arbitrage schemes as well. Accordingly, its stated benchmark will also change from NIFTY Composite Debt Index to NIFTY Composite Debt Index (60%) and Nifty 50 Arbitrage Index TRI (40%).

Unit holders who do not agree with these changes can redeem or switch their existing investments without incurring any exit load during the exit window, from September 29 to October 28, 2024.