Kotak Mutual Fund has launched Kotak Fixed Maturity Plan -19M Series 1 on 29 September 2008. The new issue will be open for the subscription till 13 October 2008. The NFO price for the fund is Rs 10 per unit. It is a close-ended debt scheme. Duration of the scheme will be 19 months from the date of allotment.
The investment objective plan is to generate regular returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme offers two plans viz. retail and institutional plan with growth and dividend options. The dividend option under both plans will further offer dividend payout and dividend reinvestment facilities.
The investment objective plan is to generate regular returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme offers two plans viz. retail and institutional plan with growth and dividend options. The dividend option under both plans will further offer dividend payout and dividend reinvestment facilities.
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