Kotak Mahindra MF introduces CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Kotak Mahindra Mutual Fund has launched Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, an open-ended Constant Maturity Index Fund tracking the CRISIL-IBX Financial Services 3-6 Months Debt Index with relatively low interest rate risk and relatively low credit risk. The NFO opens for subscription on February 21, 2025 and closes on March 05, 2025. No Entry Load is charged and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 100 and any amount thereafter.
The performance of the scheme will be benchmarked against CRISIL-IBX Financial Services 3-6 Months Debt Index and its fund manager is Manu Sharma.
The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of CRISILIBX Financial Services 3-6 Months Debt Index that seeks to track the performance of Commercial Papers (CPs), Certificates of Deposit (CDs) & corporate bond securities maturing within 3 to 6 months from the date of inclusion in the index.
