IGI Logo

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.