MUTUAL FUNDS
Kotak Mutual Fund files offer document for Crisil-Ibx Financial Services 3 to 6 Months Debt Index Fund
Feb-04-2025
Kotak Mutual Fund has filed offer document with SEBI to launch an open-ended Constant Maturity Index named ‘Kotak Crisil-Ibx Financial Services 3 To 6 Months Debt Index Fund'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers both growth and dividend option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by CRISIL-IBX Financial Services 3 to 6 Months Debt Index. The minimum application amount is Rs 100 and any amount thereafter.

The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of CRISIL-IBX Financial Services 3 to 6 Months Debt Index that seeks to track the performance of Commercial Papers (CPs), Certificates of Deposit (CDs) & corporate bond securities maturing within 3 to 6 months from the date of inclusion in the index.

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