Kotak Mahindra Asset Management Company (AMC) has filed papers with the Securities and Exchange Board of India (Sebi) for a new multi-cap fund. This, when its existing Kotak Standard Multicap Fund is set to become a flexicap fund.
As of 31 December, Kotak Standard Multicap Fund had a size worth Rs 33,462 crore. The scheme has a nearly 71 per cent allocation for large-cap companies, 29 per cent for mid-caps, and negligible exposure to small-cap companies. With a 15.35 per cent return, it has lagged the 22.11 per cent delivered by the S&P BSE 500 over the past year, according to data from Value Research.

“Since our erstwhile multi-cap fund is becoming Flexi-cap fund from Feb 1, we have filed an offer document in the multi-cap category,” said Nilesh Shah, managing director, Kotak Mahindra AMC.