MUTUAL FUNDS – A Single Window For All Your Investment Needs
“Mutual funds are emerging as the most preferred investment avenue for investors across the country.”
This is evident from two factors:
1. Rise in the overall AUM of the industry from Rs 12,784 crore in March 2000 to Rs 5,13,755 in March 2008 (Source: www.mutualfundsindia.com)
2. The number of investor folios has increased by nearly 44 per cent over the last financial year.
Further, as per an ASSOCHAM report, by 2010, the mutual fund industry is expected to grow by a CAGR of 25 % to 30 % and the total industry AUM to cross Rs 9.5 trillion. This growth prospect has led to an increase in the number of mutual funds operating in the country. This has led to increasing competition, which will help investors, as AMCs will have to deliver superior returns along with better service to retain existing investors and attract new investors.
Risk factors: * Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. * As with any securities investment, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the Debt and money markets. * Past performance of the Sponsor/Fund/AMC or that of any Scheme of the Fund does not indicate the future performance of the Scheme of the Fund. * Kotak FMP 15M Series 5 & Kotak Quarterly Interval Plan - Series 4 are only the names of the Schemes and do not in any manner indicate the quality of the Schemes, future prospects or returns. * The NAV of the Units issued under the Scheme may be affected, inter-alia, by changes in the market, interest rates, changes in credit rating, trading volumes, settlement periods and transfer procedures; the NAV is also exposed to Price/Interest-Rate Risk and credit Risk and may be affected inter-alia, by government policy, volatility and liquidity in the money markets and pressure on the exchange rate of the rupee. * Tax laws may change, affecting the return on investment in Units. * In the event of receipt of a very large number of redemption requests or very large value redemption requests or of a restructuring of the Scheme portfolio, there may be delays in the redemption of Units. Please refer to the paragraph, "Right to limit Redemption" in the Offer Document. * As per SEBI Circular No. SEBI/IMD/CIR No.10/22701/03 dated December 12, 2003, the Scheme shall have a minimum of 20 investors and no single investor shall account for more than 25% of the corpus of the Scheme. In case of non-fulfillment with either of the above two conditions, the investor's money would be refunded, in full, immediately after the close of the New Fund Offering of the Scheme. * Kotak Mahindra Bank Ltd. is not liable or responsible for any loss or shortfall arising from the operations of the scheme. * Statutory: Kotak Mahindra Mutual Fund has been established as a trust under the Indian Trusts Act, 1882, Investment Manager: Kotak Mahindra Asset Management Co. Ltd. Sponsor: Kotak Mahindra Bank Ltd. (Liability Rs. Nil) Trustee: Kotak Mahindra Trustee Co. Ltd. Before investing, please read the Offer Document.
