Kotak MF introduces FMP Series 162 (370 Days)

Kotak Mutual Fund has launched the New Fund Offer (NFO) of Kotak FMP Series 162 (370 Days), a close ended income scheme. The NFO opens for subscription on May 12, 2014 and closes on May 20, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 10000 & multiples of Rs.10 thereafter for both. 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.