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Kotak Equity Fund of Funds: Change in Fundamental Attributes

Kotak Mutual Fund has changed the fundamental attributes of Kotak Equity Fund of Funds. The name of the scheme has been changed to Kotak Asset Allocator Fund.

The revised investment objective is to generate long term capital appreciation by investing in specified open-ended equity and debt schemes of Kotak Mutual Fund.

The equity allocation will be based on combination of trailing PE ratio of CNX Nifty, Yield Gap Analysis and Momentum of CNX Nifty.

The Benchmark of the scheme has been changed to CRISIL Balanced Fund Index, against CNX Nifty.

The change will be effective from September 20, 2014.

The fund house also announced dividend under Kotak Opportunities Direct-D and Kotak Opportunities-D at ₹1 per unit.

The record date has been fixed as August 25, 2014.