Kotak Mahindra MF introduces FMP Series 292-1735 days
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Kotak Mahindra (MF) has launched the Kotak FMP Series 292-1735 days, close ended debt scheme. The NFO opens for subscription on August 10, 2021, and closes on August 11, 2021. 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 to the performance of the NIFTY Medium to Long Duration Debt 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.
