* Unit holders who are not in agreement with the merger can redeem their units at applicable NAV or switch to other open-ended schemes of Kotak Mutual Fund without payment of exit load between 1-Jun-09 and 30-Jun-09.
* It is also important to note that there will no fresh purchase/ additional purchase/ switch into/ fresh registration or renewal of SIP/ STP/ SWP in Kotak MNC, Kotak Global India & Kotak Tech during this period (1-Jun-09 to 30-Jun-09)
* The existing SIP/STP/SWP transactions from Kotak MNC, Kotak Global India & Kotak Tech will be processed for the month of June and from 01-Jul-09 all existing SIP/STP/SWP will be treated as SIP/STP/SWP transactions of Kotak Opportunities, unless otherwise requested by the investor.
* There will be no entry load charged to investors of Kotak MNC, Kotak Global India and Kotak Tech who are allotted units of Kotak Opportunities on the completion date.
* Exit load on the units transferred into Kotak Opportunities shall be as per the applicable exit load structure of Kotak Opportunities on the date of transfer, irrespective of the mode of subscription into Kotak MNC, Kotak Global india and Kotak Tech.
* Securities Transaction Tax (STT) arising out of the merger, if any, will be borne by Kotak Mahindra Asset Management Company Limited.
No comments:
Post a Comment