Kotak Mahindra MF revamps flagship fund

Kotak Mahindra Asset Management Company today announced that it has revised the investment objective of its flagship fund - Kotak 30 - to aid the fund’s performance in the light of changing stock market dynamics.

It has proposed to rename the scheme to Kotak 50. Currently, the fund invests in a maximum of 39 stocks, which, as per the modified investment objective would be increased up to 59 stocks.

The asset allocation and the investment strategy of the scheme would continue to be the same.