Kotak Mutual Fund has collected Rs 119 crores via Kotak Fixed Maturity Plan –3 Months- Series 28 during their initial offer period from 13 March and closed 17 March 2008. It is a close-ended debt scheme.
The investment 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. For the purpose of achieving the investment objective, the scheme will invest in a portfolio of debt and money market securities normally maturing in line with the maturity profile of the scheme. The fund will invest up to 100% in money market instruments and debt instruments.
If redemption is done before maturity, 1% an exit load will be charged.
The investment 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. For the purpose of achieving the investment objective, the scheme will invest in a portfolio of debt and money market securities normally maturing in line with the maturity profile of the scheme. The fund will invest up to 100% in money market instruments and debt instruments.
If redemption is done before maturity, 1% an exit load will be charged.
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