An NFO, or New Fund Offer, is the initial subscription window during which a new mutual fund scheme is launched to investors, similar to how an IPO works for company shares. Units are offered at a fixed offer NAV, typically Rs 10 per unit, during the NFO window. Once the NFO closes and units are allotted, the fund begins trading at its market NAV like any existing mutual fund scheme.
Kotak Nifty Realty Index Fund Direct G NFO opened for subscription on its launch date and closes on its end date, as shown on this page. Units will be allotted on the allotment date at the offer NAV of Rs 10 per unit. Once allotted, the fund will begin trading at its market NAV, which can be tracked from your Chola Securities portfolio.
Kotak Nifty Realty Index Fund Direct G NFO carries a 3-year lock-in period, consistent with its classification as an ELSS (Equity Linked Savings Scheme). Investments in ELSS schemes also qualify for tax deduction under Section 80C of the Income Tax Act, 1961, up to the applicable limit, subject to prevailing tax laws.
Kotak Nifty Realty Index Fund Direct G NFO is classified as Very High risk, as per SEBI's mandated riskometer for mutual funds. This risk classification is typical for Midcap and ELSS category funds, which invest predominantly in mid and small cap equity stocks.
Kotak Nifty Realty Index Fund Direct G NFO is managed by Abhishek Bisen as Lead Fund Manager for equity,Mr.Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with securities trading corporation of India ltd where he was looking at sales & trading of fixed income products apart from doing portfolio advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm..
You can apply for Kotak Nifty Realty Index Fund Direct G NFO through the Chola Securities app or web platform during the NFO subscription window. Units are offered at the fixed offer NAV of Rs 10 per unit. Once allotted on the allotment date, you can track the fund's holdings, NAV, and returns directly from your Chola Securities portfolio.