Kotak FMP 24M Series 1 Floats On (26-Feb-2010)
Kotak Mutual Fund has launched a new a close ended debt scheme named as Kotak FMP 24M Series 1. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from February 25 will close on March 9, 2010.
The scheme's investment objective is to generate returns through investments in debt and money market instruments in order to significantly reduce the interest rate risk. The scheme's duration is 24 months from the allotment date. The scheme offers two options - growth and dividend payout option. The scheme will allocate 100% of assets in debt as well as money market instruments and government securities with low to medium risk profile. Meanwhile, the debt instruments shall be deemed to include securitised debts (excluding foreign securitised debt) and investment in securitised debts maybe upto 100% of the net assets of the scheme.
Top News Today
 In a bid to augment its production capacity to cater to the growing market, domestic biscuit major, Britannia Industries is likely to invest about Rs 100 crore to set up a plant each in Bihar and Orissa.
 Tata Motors, one of the largest automobile companies in India, is planning to come up with an advanced version of Tata Nano, the people’s car, by the year 2012 in India. The cheapest car in the word that
 Mahindra Satyam, the brand identity of Satyam Computer Services has developed an integrated migration solutions for healthcare payer organizations that would meet the new federal and Health Insurance Portability
|
Live Market Discussions With Site Visitors
|
|
|