Kotak Mutual Fund has launched the New Fund Offer (NFO) of Kotak FMP Series 161 (370 Days), a close ended income scheme. The NFO opens for subscription on May 06, 2014 and closes on May 12, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund managers are Mayank Prakash and Abhishek Bisen.
The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. The Scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.
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Tuesday 6 May 2014
Kotak MF introduces FMP Series 161 (370 Days)
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