Kotak MF has launched Kotak Fixed Maturity Plan 12 Month Series 8 on 31 July 2008. The new issue will close for subscription on 20 August 2008. Kotak Fixed Maturity Plan 12 Month Series 8 is a close-ended debt scheme. It has maturity of 12 month after the date of allotment. 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. The face value of the scheme is Rs 10 per unit.
The scheme offers regular and institutional plans with both growth option and dividend option. The minimum investment amount under regular plan is Rs 5,000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 50 lakh and in multiples of Re 1 thereafter.
The scheme offers regular and institutional plans with both growth option and dividend option. The minimum investment amount under regular plan is Rs 5,000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 50 lakh and in multiples of Re 1 thereafter.
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