The New Fund Offer of the scheme opens on March 04, 2011 (Friday) and closes on March 18, 2011 (Friday).
MINIMUM INVESTMENT during NFO:
Non SIP : Rs.5000/- and in multiples of Rs 1 for purchases and for Re 0.01 for switches
SIP : Rs.1000 (subject to minimum of 6 installments of Rs.1000/- each)
Scheme Type :
An open ended Fund of Funds Scheme.
OPTIONS:
Growth & Dividend (Payout & Reinvestment).
INVESTMENT OBJECTIVE:
The investment objective of the scheme is to generate returns by investing in units of Kotak Gold Exchange Traded Fund.
BENCHMARK:
The Scheme's performance will be benchmarked against the price of physical gold.
LIQUIDITY:
Open-ended. Purchases and redemptions at prices related to applicable NAV, on each business day.
LOAD:
Entry Load : NIL
Exit Load : 2% if redeemed/switch- out within 6 months from date of allotment.
1% if redeemed/switch- out after 6 months and before 1 year from the date of allotment
Nil if redeemed/switch-out after 1 year from the date of allotment.
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
On the taxation front too as per the present tax laws (Income Tax Act, 1961), investment in KGF would enable investors to avail the benefit of long-term capital gains tax, after the period of one year of its holding. However, any sale of the fund before the period of 1 year would attract short-term capital gains tax.
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