Kotak Mahindra MF launches 24 months fixed maturity plan

Kotak Mahindra Mutual Fund new fund offer closes 20th October

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 63 (24M), a close-ended debt scheme.

The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme. The tenure of the scheme is 24 months.

The new issue closes on 20 October 2011. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Index is the benchmark index. Abhishek Bisen and Mayank Prakash will be the fund managers for the scheme.

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