Tuesday, April 15, 2008

Kotak MF Launches New FMP

Kotak MF unveils a new fund called Kotak Fixed Maturity Plan 3 month Series 29. It is a close-ended debt scheme. It has maturity of 3 month after the date of allotment.

The scheme offers investors growth option and dividend option under both the plans. 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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