Kotak MF Announces Changes In Kotak Quarterly Interval Plan Series 4 (30-Aug-2010)
Kotak Mutual Fund has announced that the reinvestment facility under dividend option of Kotak Quarterly Interval Plan Series 4 shall stand suspended with effect from September 2, 2010. Fresh subscriptions / switches into the reinvestment facility will not be accepted for any investments. Accordingly, dividend payout shall be the default option for applications under dividend option.
Further, the fund house has decided to revise the exit load structure for the scheme. Accordingly for redemption / switch outs anytime other than the Specified Transaction Period (STP) the exit load charge will be 1% and nil for redemption / switch outs during the STP. The changes will be effective from September 2, 2010.
The investment objective of the scheme is to generate returns though investments in debt and money market instruments with a view to significantly reduce the interest rate risk.
Top News Today
 Auto major, Mahindra & Mahindra (M&M) is all set to introduce a smaller version of its multi-purpose vehicle Xylo by Diwali this year as it aims to expand its customer base in the country. The company,
 Godrej Properties, Mumbai based real estate developer launched its new residential project Godrej Alpine in Mangalore. It aims to complete 499-apartment Godrej Alpine for occupation in 36 months. Godrej
 Mahindra & Mahindra, auto major has stopped the second phase of booking for its latest sports utility vehicle XUV500. It has received over 25,000 orders in a period of 10 days from January 25 to February
|
International Stock News
 The US markets ended with mild gains on Wednesday, on reports that Greece had drafted a new financing deal with the European Union and International Monetary Fund. Greek Prime Minister Lucas Papademos
 The US markets rose on Monday, sending the Dow industrials to their highest close since 2008, as Greece's government made progress on measures to secure international aid. Also, a Labor Department report
 The US markets made a mix closing on Thursday, as a drop in jobless claims fueled optimism about the economy and investors looked to the next day's employment report as the next indicator of the economic
|
|
|