Kotak Mahindra Mutual Fund files offer document for AAA Bond Plus SDL ETF - 2031 Maturity
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Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open ended target maturity exchange traded bond fund scheme named ‘ Kotak AAA Bond Plus SDL ETF - 2031 Maturity’. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme does not offer any plans/options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked by Nifty AAA Bond Plus SDL Apr 2031 70:30 Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to to provide returns that closely correspond to the total returns of Nifty AAA Bond Plus SDL Apr 2031 70:30 Index, subject to tracking errors.
