Kotak Midcap Fund - Payout of Income Distribution cum capital withdrawal option

Kotak Midcap Fund - Payout of Income Distribution cum capital withdrawal option is a scheme launched by Kotak Mutual Fund on March 30, 2007, and falls under the Mid Cap fund category. It currently manages an AUM of Rs 56,988.32 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 100. It charges an expense ratio of 1.44% for managing the portfolio.

• Investing Strategy:

  The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid companies. The scheme may also invest in Debt and Money Market Instruments, as per the asset allocation table. There is no assurance that the investment objective of the Scheme will be achieved.

• Performance:

  Kotak Midcap Fund - Payout of Income Distribution cum capital withdrawal option trailing returns over different times are 3.16% (1 year), 23.01% (3 year) and 27.72% (5 year). The average annual return of this fund stands at 3.38%.