Apr 14, 2008

Kotak MF launches new FMP

14 Apr 2008 | 14:57

Kotak MF launches new FMP

Name of Fund: Kotak Fixed Maturity Plan 3 month Series 29

Scheme: A close-ended debt scheme. It has maturity of 3 month after the date of allotment.

Investment Options: The scheme offers investors growth option and dividend option under both the plans.

Objective: The objective of the scheme would be to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

Fund Opens: 11 April 2008

Fund Closes: 15 April 2008

Face Value: Rs. 10

Minimum Investment Amount: The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter.

Load structure: It may not levy entry load as the scheme is of close-ended nature.

If redemption is done before maturity, 1% an exit load will be charged.

Fund Manager: Mr. Deepak Agrawal