Kotak Mahindra MF introduces Overnight Fund

Kotak Mahindra Mutual Fund (MF) launched the Kotak Overnight Fund, an open ended debt scheme. The NFO opens for subscription on January 10, 2019 and closes for January 14, 2019. No entry load and exit load will be applicable for the scheme.

The investment objective of the scheme is to generate income through investment in debt & money market instruments having maturity of one business day (including CBLO (Tri-Party Repo), Reverse Repo and equivalent).