Notices
Notice No20241130-2Notice Date30 Nov 2024
CategoryTradingSegmentMutual Fund
SubjectLaunch of New Fund Offer with SIP facility of KOTAK MAHINDRA MUTUAL FUND on BSE StAR MF Platform
Content

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:

Sr. No.

Scheme Name

Scheme Category

ISIN

Tentative Allotment date

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, 2024hence 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, 2024to 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