Kotak Mahindra MF introduces FMP - Series 304
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Kotak Mahindra Mutual Fund (MF) has launched Kotak Fixed Maturity Plan (FMP) - Series 304, a close ended debt scheme with maturity of 3119 days with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on 27, 2022 and closes on December 28, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 for purchase and switch-ins.
The performance of the scheme will be benchmarked against NIFTY Long Duration Debt Index and its fund manager is Deepak Agrawal
The investment objective of the scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments maturing on or before the maturity of the Scheme.
