MUTUAL FUNDS
Kotak Mahindra Mutual Fund files offer document for FMP Series 292 – 296
Mar-05-2021

Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme named ‘Kotak FMP Series 292 – 296’. 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 Options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked In case the Scheme(s) are launched for the tenure of 1 month to 3 months: CRISIL Liquid Fund Index; In case the Scheme(s) are launched for the tenure more than 3 months up to 12 months: CRISIL Ultra Short Term Debt Index; In case the Scheme(s) are launched for the tenure more than 12 months up to 36 months: CRISIL Short Term Bond Fund Index; In case the Scheme(s) are launched for the tenure more than 36 months up to 60 months: CRISIL Medium Term Debt Indexe)In case the Scheme(s) are launched for the tenure more than 60 months up to 144 months: CRISIL Composite Bond Fund Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Rs 10 thereafter.

The investment objective of the Scheme is scheme seeks 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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