MUTUAL FUNDS
Kotak Mahindra MF introduces FMP Series 286-1355 days
Aug-07-2020

Kotak Mahindra Mutual Fund (MF) has launched the Kotak FMP Series 286-1355 days, a close ended debt scheme. The NFO opens for subscription on August 07, 2020 and closes on August 11, 2020. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 10 thereafter.

The scheme’s performance will be benchmarked against its performance 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.

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