17 Apr 2008 | 12:36
Kotak MF launches new FMP
Name of Fund: Kotak Fixed Maturity Plan 15 month Series 5
Scheme: A close-ended debt scheme. It has maturity of 15 month after the date of allotment.
Investment Options: The scheme offers regular and institutional plans with both growth option and dividend option.
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: 16 April 2008
Fund Closes: 22 April 2008
Face Value: Rs. 10
Minimum Investment Amount: The minimum investment amount uner regular plan is Rs 5,000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 50 lakh and in multiples of Re 1 thereafter.
Fund Manager: Mr. Deepak Agrawal
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