Description

NSE informs members that Monthly and Weekly frequency options under Income Distribution cum Capital Withdrawal (IDCW) for Kotak Low Duration Fund are now available on NSE MF Invest Platform, effective May 11, 2026.

Summary

NSE has notified members that Monthly and Weekly frequency options under the Income Distribution cum Capital Withdrawal (IDCW) plan of Kotak Low Duration Fund are now available on the NSE MF Invest Platform with immediate effect from May 11, 2026. This follows an addendum issued by Kotak Mahindra Mutual Fund introducing these frequencies.

Key Points

  • Eight new scheme variants of Kotak Low Duration Fund have been activated on the NSE MF Invest Platform covering Regular and Direct plan combinations of Weekly and Monthly IDCW Payout and Reinvestment options.
  • The fund is an open-ended low duration debt scheme targeting a Macaulay portfolio duration of 6 to 12 months, carrying relatively high interest rate risk and moderate credit risk.
  • New ISINs assigned include INF174KA1A11, INF174KA1ZX1, INF174KA1ZY9, INF174KA1ZZ6, and INF174KA1ZU7 among others.
  • Weekly IDCW record date: every Thursday (next business day if Thursday is a non-business day).
  • Monthly IDCW record date: 12th of each month (next business day if the 12th is a non-business day).

Regulatory Changes

Kotak Mahindra Trustee Company Limited approved the introduction of Weekly and Monthly IDCW frequencies as an addendum to the Scheme Information Document (SID), Key Information Memorandum (KIM), and Statement of Additional Information (SAI) of the fund. All other existing terms and conditions of the scheme remain unchanged.

Compliance Requirements

  • NSE members using the MF Invest Platform should note the new scheme codes and ISINs for processing transactions in the newly introduced variants.
  • No specific compliance action is required from members beyond acknowledging the availability of the new options.

Important Dates

  • May 6, 2026: Addendum issued by Kotak Mahindra Asset Management Company Limited.
  • May 11, 2026: Effective date of new Weekly and Monthly IDCW options on NSE MF Invest Platform.
  • Weekly record date: Every Thursday.
  • Monthly record date: 12th of each month.

Impact Assessment

This is a low-impact, routine operational update limited to mutual fund distribution on the NSE MF Invest Platform. Investors in Kotak Low Duration Fund gain additional flexibility through weekly and monthly distribution frequencies. There is no impact on equity markets, trading members’ obligations, or broader regulatory compliance requirements.

Impact Justification

Routine mutual fund platform update adding new IDCW frequency options for a single debt scheme; no broad market or compliance impact for trading members.