Kotak Mahindra MF introduces Fixed Maturity Plan Series 328 - 90 Days
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Kotak Mahindra Mutual Fund has launched Kotak Fixed Maturity Plan Series 328 - 90 Days, 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 February 09, 2024 and closes on February 14, 2024. No entry load will be charged on purchase/ additional purchase/ switch-in. Exit Load will be nil. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10.
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.
