Kotak FMP 370 Days Series 5 : NFO

by khalid on 25/06/2010 · 0 comments

Kotak Mahindra Mutual Fund is sponsored by Kotak Mahindra Bank Limited, which is part of the Kotak Mahindra Group. Kotak Mahindra Mutual Fund has launched a New Fund Offer(NFO) named as Kotak FMP 370 Days Series 5, a close ended debt scheme. The duration of the scheme is 370 days from the date of allotment of units. This is a close ended debt fund. The scheme will allocate 100% of assets in debt, money market instruments and government securities. The objective of the fund is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

Presently, two options are available under the scheme viz. Growth and dividend option. Dividend option will have dividend payout facility only.

Entry load charge will not be applicable for the scheme. Exit load charge will be nil for the scheme.

The fund seeks to collect a minimum subscription amount of Rs 50 lakh under the scheme during the NFO period. Mr Deepak Agrawal and Mr Abhishek Bisen will jointly manage the fund.

Fund NameKotak Mahindra Mutual Fund
Scheme Name Kotak FMP 370 Days Series 5
Scheme CategoryClose Ended (Income)
NFO Launch Date23rd Jun 2010
NFO Closure Date29th Jun 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000

For Further Details Please Visit Website : www.kotakmutualfund.com

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