Kotak Mahindra MF introduces FMP Series 326
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Kotak Mahindra Mutual Fund (MF) has launched Kotak Fixed Maturity Plan (FMP)- Series 326, a close ended debt scheme with maturity of 175 days with relatively low interest rate risk and moderate credit risk. The NFO opens for subscription on December 15, 2023 and closes on December 19, 2023. The Entry load and the Exit load is nil 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 Ultra Short Duration Debt 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.
