Kotak Mahindra Asset Management Company Ltd. manages Kotak Mahindra Mutual Fund (KMMF), a wholly owned subsidiary of Kotak Mahindra Bank Ltd. Kotak Mahindra Mutual Fund, has announced collections of around Rs. 170 crore during the NFO of the Kotak Blended Fund of Funds, which closed on 16 November 2007.
The investment objective of the scheme is to seek to provide stability of initial capital and generate reasonable returns by blending investments in debt schemes, money market instruments and equity schemes. Investments in debt/ money market instruments provide stability to initial capital and investments in equity schemes will provide reasonable returns.
The scheme does not charge any entry and exit load to the investors.
The fund will invest around 0-100% in equity schemes and plans and 0-100% in liquid, short-term debt, floating rate debt schemes, and plans. The scheme will invest 0-10% of its equity portfolio in money market instruments.
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