Kotak FMP Series - 269 - Regular Plan floats on
15/04/2019 10:20

Kotak Mahindra Mutual Fund has launched a new Closed Ended Growth scheme named "Kotak FMP Series - 269 - Regular Plan" with maturity period of 1153 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Apr 22 to Apr 24, 2019.

According to the offer document filed with SEBI, the entry and exit load is Nil.

The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.

The fund manager of the scheme will be Deepak Agrawal, while the performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index.

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.