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Kotak Mahindra Mutual Fund (MF) has launched Kotak Fixed Maturity Plan (FMP) Series 29 - 1281 Days, close ended debt scheme with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on November 04, 2022 and closes on November 07, 2022. 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 would be benchmarked against Nifty Medium Duration Debt Index and its fund manager is Deepak Agrawal.

The investment objective of the scheme endeavors 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.