Kotak mutual fund has announced the change in the minimum purchase amount under regular plan of Kotak Mahindra Bond Unit scheme 99.
According to the announcement, the fund has raised its minimum purchase amount from Rs 5000 to Rs 5 lakh with effect from 3 March 2008.
Kotak Mahindra Bond Unit scheme 99 is an open-ended debt scheme. The investment objective of the scheme is to create a portfolio of debt instruments of different maturities so as to spread the risk across a wide maturity horizon and different kinds of issuers in the debt market.
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