Kotak Mahindra MF introduces Long Duration Fund
Kotak Mahindra Mutual Fund has launched Kotak Long Duration Fund, an open-ended debt scheme investing in instruments such that the Macaulay duration of the portfolio is greater than 7 Years with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on February 28, 2024 and closes on March 06, 2024. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 100 and any amount thereafter.
The performance of the Scheme is measured against NIFTY Long Duration Debt Index-A-III and its fund managers are Abhishek Bisen and Palha Khanna.
The investment objective of the scheme is to generate income / capital appreciation through investments in debt and money market instruments.
