VR Logo

Kotak MNC Fund Changes Entry Load Structure


Kotak MNC fund has changed the entry load structure, effective October 18, 2004. For purchases by Fund of Fund schemes, through systematic investment plan (SIP) or systematic transfer plan (STP), units allotted on re-investment of dividends, purchase by foreign institutional investors (FII) or sub account of a FII, there won't be any entry load. For purchase/switch in from non-equity schemes of the fund for an amount greater than Rs 2 crore, an entry load of 0.50 per cent would be charged. For switch in from an equity/balanced scheme of the fund, including Kotak Equity FoF, an entry load of 0.25 per cent would be levied. For purchase/switch in from non-equity schemes of the fund of an amount less than Rs 2 crores and above, 2.50 per cent of the applicable NAV would be charged as entry load.