Kotak MF: The first fund house to file offer document for International REIT Fund
Updated : February 19, 2019 02:42 PM IST
The open-ended fund of fund scheme will invest 95 percent of assets in units of SMAM ASIA REIT Sub Trust fund and /or other similar overseas funds, while the balance will be allocated to debt, money market instruments, or units of liquid schemes, the offer document stated.
The underlying fund is an open-ended series trust of SMAM Global Investment Trust, based in the Cayman Islands.
The scheme will be benchmarked against FTSE EPRA Nareit Asia Pacific Index, which is designed to track the performance of listed real estate companies and REITS in both developed and emerging markets.
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