2024-01-17 02:03:33 pm | Source: Accord Fintech
Kotak Mahindra Mutual Fund files offer document for Long Duration Fund
Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme named ‘Kotak Long Duration Fund'. The offer rate is Rs 10 per unit. Entry load will be not applicable. Exit load and Exit load will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 20 crore.
The performance of the scheme is benchmarked by NIFTY Long Duration Debt Index-A-III. The minimum application amount is Rs 100 and any amount thereafter.
The investment objective of the scheme is to generate income / capital appreciation through investments in debt and money market instruments.
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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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