Kotak Mahindra MF introduces FMP Series 309
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Kotak Mahindra Mutual Fund (MF) has launched Kotak Fixed Maturity Plan (FMP) Series 309, a Close ended debt scheme with maturity of 90 days. A relatively low interest rate risk and moderate credit risk. The NFO opens for subscription on March 17, 2023 and closes on March 22, 2023. The Entry load and Exit load is not applicable 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 against NIFTY Liquid Index and its fund managers are Deepak Agrawal and Manu Sharma.
The investment objective of the Scheme is to generate income by investing in debt and money market securities, maturing on or before the maturity of the scheme.
