Kotak Mutual Fund has launched Kotak Fixed Maturity Plan 18M Series 1 on 4 March 2009. The new issue will be open for the subscription till 12 March 2009. The New Fund Offer (NFO) price for the fund is Rs 10 per unit. It is a close-ended debt scheme. Duration of the scheme will be 18 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 will offer growth and dividend options.
The minimum investment amount is Rs. 5,000 and in multiples of Re 1 thereafter.
The fund will not levy entry and exit load.
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 will offer growth and dividend options.
The minimum investment amount is Rs. 5,000 and in multiples of Re 1 thereafter.
The fund will not levy entry and exit load.
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