Kotak MF Launches Interval Debt Fund

Kotak MF has rolled out a fund called Kotak Quarterly Interval Plan -Series I and it is a debt Interval Scheme. The 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. Asset Allocation: The fund will invest 0%-100% in debt and money market instruments. Debt instruments shall be deemed to include securitised debts (excluding foreign securitised debt) and investment in securitised debt can be up to 50% of the investments.