Kotak Mahindra Mutual Fund has launched the Kotak Technology Fund, an open-ended equity scheme focused on technology and related sectors. Investors have until February 26, 2024, to subscribe.
The fund aims for long-term capital appreciation, although returns are not guaranteed. It offers both direct and regular plans, with no entry load. Exit loads apply within 30 days of allotment. The fund's asset allocation includes a significant portion in high-risk technology equities. While potentially offering high returns, investors should consider diversifying their portfolio and understanding the associated risks.