MFIs/MFDs/RFIs/RFDs/RIAs are hereby informed that KOTAK MAHINDRA MUTUAL FUND will be offering KOTAK NIFTY 100 EQUAL WEIGHT INDEX FUND - NFO with SIP facility from December 02, 2024, to December 16, 2024, on BSE StAR MF Platform.
The scheme details are given below:
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Sr. No.
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Scheme Name
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Scheme Category
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ISIN
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Tentative Allotment date
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1
|
KOTAK NIFTY 100 EQUAL WEIGHT INDEX FUND-REGULAR PLAN-GROWTH
|
EQUITY
|
INF174KA1UB8
|
23-Dec-2024
|
|
2
|
KOTAK NIFTY 100 EQUAL WEIGHT INDEX FUND-REGULAR PLAN-IDCW PAYOUT
|
EQUITY
|
INF174KA1UC6
|
23-Dec-2024
|
|
3
|
KOTAK NIFTY 100 EQUAL WEIGHT INDEX FUND-REGULAR PLAN-IDCW REINVESTMENT
|
EQUITY
|
INF174KA1UD4
|
23-Dec-2024
|
|
4
|
KOTAK NIFTY 100 EQUAL WEIGHT INDEX FUND-DIRECT PLAN-GROWTH
|
EQUITY
|
INF174KA1TY2
|
23-Dec-2024
|
|
5
|
KOTAK NIFTY 100 EQUAL WEIGHT INDEX FUND-DIRECT PLAN-IDCW PAYOUT
|
EQUITY
|
INF174KA1TZ9
|
23-Dec-2024
|
|
6
|
KOTAK NIFTY 100 EQUAL WEIGHT INDEX FUND-DIRECT PLAN-IDCW REINVESTMENT
|
EQUITY
|
INF174KA1UA0
|
23-Dec-2024
|
MFDs/RFDs/RIAs are also hereby informed that, transactions for which the client has not initiated the funds till 9:00 AM on T + 1 day (Including transactions executed during extended period of NFO) will be cancelled and CC with N flag will be reported to the RTA/AMC. The transactions for which the client has initiated payment will remain pending in the system till 3:00 PM on the last day of making funds pay out to the AMC for the said NFO or T + 5 whichever is earlier.
Also, members are hereby informed that AMC confirmed the tentative allotment date for the above scheme shall be done on December 23, 2024, hence the clear funds must be available in ICCL Account by 6:00 pm on December 19, 2024.
The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00pm on December 19, 2024, to avail the allotment of units under KOTAK NIFTY 100 EQUAL WEIGHT INDEX FUND - NFO.
Switches shall be accepted during the NFO period subject to receipt of funds under NFO scheme before the allotment date. If funds for switch out scheme received on or after the NFO allotment date, then same will not be considered for allotment at AMC/RTA end.
The said NFO will get extended till midnight on December 16, 2024, only for lumpsum purchase on BSE StAR MF Platform. SIP/XSIP/ISIP registrations authentication needs to be done by clients before 3:00pm on NFO closure date.
Ketan Jantre Mahesh Tare
Head - Trading Operations Manager – Mutual Funds
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