Kotak Mutual Fund launched Kotak Fixed Maturity Plan 13 month Series 4. A close-ended debt scheme. It has maturity of 13 months after the date of allotment. The scheme offers retail and institutional plan. The scheme offers investors growth option and dividend option under both the plans. The dividend option offers dividend payout and dividend re-investment facilities. 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.
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