New fund offer: Only 1 SIF will open for subscription this week. Check details
Only one SIF will open for subscription this week. Fund houses launch new funds to complete their bouquet of offerings. Here is a detailed breakup (Source: ACE MF)
Infinity Hybrid Long-Short Fund by Kotak Mutual Fund will open for subscription this week. This is based on the hybrid SIF strategy.
The new fund offer or NFO of this SIF will open for subscription on June 15 and will close on June 29. The scheme will reopen for continuous sale and repurchase on or before July 9.
The fund will be suitable for investors who are seeking long term capital growth and want an Interval investment strategy investing in equity and debt securities, including limited short exposure in equity and debt through derivatives.
The minimum investment amount is Rs 10,00,000 and in multiples of Re 1 thereafter (across all investment strategies offered by the Infinity SIF at the PAN level).
The performance of the fund will be benchmarked against NIFTY 50 Hybrid Composite debt 50:50 Index and will be managed by Hiten Shah and Kalpesh Jain (for equity and overseas investment) and Abhishek Bisen (for debt and money market investment).
