Kotak Mahindra MF introduces FMP Series 262-1229 days

Kotak Mahindra Mutual Fund (MF) has launched the kotak FMP Series 262-1229 days, a close ended debt scheme. The NFO opens for subscription on February 11, 2019 and closes on February 13, 2019. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 for purchase and switch-ins.

The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Deepak Agrawal.

The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. The Scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.