Kotak Mahindra Mutual Fund new issue closes on 25th March
Kotak Mahindra Mutual Fund has launched Kotak FMP Series 43 (367 Days), a close-ended income 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 tenor of the scheme is 367 days.
The new issue closes on 25th March. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Index is the benchmark index. Deepak Agarwal and Abhishek Bisen will be the fund managers for the scheme.
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