Kotak Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund named 'Kotak Quality Overseas Equity Omni FOF'. The New Fund Offer price for units would be Rs 10 during the NFO. Entry load will be nil. For redemptions/switch outs within 90 days from the date of allotment Exit load will be 1%; and For redemptions/switch outs after 90 days from the date of allotment- Exit load will be Nil. The Scheme offers Growth Option as wells as Income Distribution Cum Capital Withdrawal Option for investment.The performance will be benchmarked against MSCI World Index (TRI). The minimum application amount is Rs 1000 and any amount thereafter.The investment objective of the scheme is to generate long-term capital appreciation by investing in units of overseas equity oriented mutual fund schemes based on Quality Theme and /or ETFs based on Quality Theme.