Kotak MF Files An Offer Document

Kotak Mutual Fund has filed an offer document for Kotak Fixed Maturity Plans 12 Months- Series 3. This is a close-ended debt scheme. The units of the scheme will be available at Rs 10 per unit. The scheme offers two plans - retail and institutional. It holds a maturity period of 12 months from the date of allotment. For the retail plan, as well as the institutional plan, the minimum amount to be invested is Rs 5000 and in multiples of Re 1 thereafter. While the entry load is nil, an exit load of 1.50% will be levied if units are redeemed before maturity period. Exit load will be nil if units are redeemed on or after the maturity period The scheme will invest in debt / money market instruments and government securities. The investment objective of the scheme is to generate returns through investments in debt and money market instruments.