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
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