Kotak Mahindra Mutual Fund files offer document for Fixed Maturity Plan Series 336-338
Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch a close-ended debt scheme named ‘Kotak Fixed Maturity Plan Series 336-338'. The New Fund Offer price will be Rs 10 per unit during the NFO. Entry load and Exit load will be nil. The Scheme offers growth and IDCW options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
In case the Scheme(s) are launched for the tenure of 1 month to up to 91 days the performance will be benchmarked against NIFTY Liquid Index; In case the Scheme(s) are launched for the tenure more than 3 months up to 6 months the performance will be benchmarked against NIFTY Ultra Short Duration Debt Index; In case the Scheme(s) are launched for the tenure more than 6 months up to 12 months the performance will be benchmarked against NIFTY Low Duration Debt Index; In case the Scheme(s) are launched for the tenure more than 1 year up to 3 years the performance will be benchmarked against NIFTY Short Duration Debt Index. The minimum application will be Rs 5000 and in multiples of Rs 10 thereafter.
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.
