Kotak Mahindra MF introduces FMP Series 306
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Kotak Mahindra Mutual Fund (MF) has launched Kotak Fixed Maturity Plan (FMP) Series 306, close ended debt scheme with maturity of 90 days with relatively low interest rate risk and moderate credit risk. The NFO opens for subscription on January 20, 2023 and closes on January 23, 2023. The Entry load and 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 will be benchmarked to the performance of NIFTY Liquid 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.
