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Kotak Mahindra MF introduces FMP Series 294-105 days
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Kotak Mahindra Mutual Fund (MF) has launched Kotak FMP Series 294-105 days, a close ended debt scheme with maturity of 105 days with relatively low interest rate risk and relatively moderate credit risk. The NFO opens for subscription on March 22, 2022 and closes on March 23, 2022. The Entry load and Exit load is nil for the scheme. The Minimum investment amount is Rs 5,000 and in multiples of Rs. 10 for purchase and switch-ins.
The performance of the Scheme shall be benchmarked against NIFTY Ultra Short 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.
