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Change in benchmark of Kotak Multi Asset Allocation Fund


Kotak Mahindra Mutual Fund changed the benchmark index of Kotak Multi Asset Allocation Fund with effect from November 1, 2013. The benchmark has been revised to CRISIL Short Term Bond Fund Index (75 per cent), CNX Nifty Index (15 per cent) and Price of Gold (10 per cent. The scheme was earlier benchmarked against CRISIL MIP Blended Fund Index (80 per cent) and Price of Gold (20 per cent).