Kotak Mahindra Trustee Co. has resumed issuing units of mutual funds of Kotak Small-Cap Funds and will be effective from July 2, according to a notice issued by the company.
The board of Kotak Mahindra Trustee Co. (the Trustee) and Kotak Mahindra Asset Management Co. (the AMC) of Kotak Mahindra Mutual Fund (the Fund) has decided to resume subscription of units in Kotak Small Cap Fund and accordingly, fresh subscriptions through lumpsum investment, , regular investment plans and transfer plans, the notice said.
"Systematic Investment Plan, Systematic Transfer Plan, Frequency or such other special products in the units of Kotak Small Cap Fund shall be accepted with effect from July 2," the notice said.
Kotak Mahindra Mutual Fund had temporarily limited the subscription of units (including switch-in) into Kotak Small Cap Fund from March 1, 2024.
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