Kotak Multicap NFO collects Rs 3,500 cr, highest-ever by fund house

25% of the collections came from Tier-II towns and more than 10% of the 150,000 applications received came via SIPs

Kotak Multicap Fund new fund offering (NFO) has collected over Rs 3,500 crore. The NFO was open for subscription between September 8 and September 22. This is the highest-ever collection made by Kotak Mutual Fund during an NFO.

Nilesh Shah, group president & managing director, Kotak MF said, “Interestingly, of the Rs 3,500 crore NFO collection, 25 per cent came from Tier II towns and more than 10 per cent of the 150,000 applications received came through systematic investment plans (SIPs).”

Kotak Multicap Fund will invest 25 percent each in mid-cap, small-cap and large-cap stocks, and the balance