Introduction of Trigger Facility In Various Schemes of Kotak Mahindra Mutual Fund

Kotak Mahindra Mutual Fund has introduced the trigger facility under various schemes with effect from August 10, 2015.

The salient features of the facility include:

1. There will be two options under this facility - Value Trigger (Amount Based) and Appreciation/Depreciation Trigger (% Based)
2. Investor can choose any of the applicable actions on occurrence of trigger i.e. Redemption/Switch to the extent of capital appreciation or Redemption/Switch of Full Amount or Redemption/Switch of Partial Amount(%)
3. Minimum Investment in the facility - ₹20000
4. The facility will be available only for one time.
5. The investors of the transferor scheme, on occurrence of trigger can opt for switch of their investments in any of below mentioned transferee schemes:

The Fund House has also decided to announce dividend under Kotak Equity Savings Direct-DM and Kotak Equity Savings Reg-DM.

The quantum of dividend shall be ₹0.055 and ₹0.05 respectively. The record date has been fixed as August 12, 2015.