Kotak Mutual Fund has collected Rs 285 crores via Kotak Fixed Maturity Plan –13 Months- Series 4 during their initial offer period from 24 March and closed 27 March 2008. It is a close-ended debt scheme. The scheme will mature 13 months after the date of allotment.
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.
The scheme provides two plans i.e. retail and institutional plan with a sub-option of growth and dividend payout and dividend reinvestment option.
If redemption is done within 1 year from the date of allotment 1.5% an exit load will be charged. And no exit load will be charged for redemption after 1 year.
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.
The scheme provides two plans i.e. retail and institutional plan with a sub-option of growth and dividend payout and dividend reinvestment option.
If redemption is done within 1 year from the date of allotment 1.5% an exit load will be charged. And no exit load will be charged for redemption after 1 year.
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