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Kotak Mahindra Mutual Fund (MF) has launched the Kotak FMP Series 291-1826 days, a close ended debt scheme. The NFO opens for subscription on March 22, 2021, and closes on March 24, 2021. The Entry load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 10 for purchase and switch-ins.

The performance of the scheme shall be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Deepak Agrawal.

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.