Kotak Mahindra MF introduces FMP Series 312
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Kotak Mahindra Mutual Fund (MF) has launched Kotak Fixed Maturity Plan (FMP) Series 312, a 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 May 22, 2023 and closes on May 24, 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 to the performance of 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.
