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Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named 'Kotak FMP Series 333-335.' The New Fund Offer price will be Rs 10. Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked- In case the Scheme(s) are launched for the tenure of 1 month to up to 91 days against NIFTY Liquid Index; In case the Scheme(s) are launched for the tenure more than 3 months up to 6 months 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 against NIFTY Low Duration Debt Index; In case the Scheme(s) are launched for the tenure more than 1 year up to 3 years against NIFTY Short Duration Debt Index; In case the Scheme(s) are launched for the tenure more than 3 year up to 4 years against NIFTY Medium Duration Debt Index; In case the Scheme(s) are launched for the tenure more than 4 year up to 7 years against NIFTY Medium to Long Duration Debt Index; In case the Scheme(s) are launched for the tenure more than 7 year up to 12 years against NIFTY Long Duration Debt Index. The minimum application amount is Rs 5000 and in multiples of Re 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.