Kotak Mahindra MF introduces Kotak FMP 370 Days Series 6 (23-Jul-2010)
Kotak Mahindra Mutual Fund has opened the New Fund Offer (NFO) Kotak FMP 370 Days Series 6, a close-ended debt scheme.
The NFO opens for subscription on July 23, 2010 and closes on July 26, 2010. No entry and exit load is applicable. The tenure of the scheme has been fixed as 370 days from the date of allotment.
The scheme will be benchmarked against CRISIL Composite Bond Fund Index.
The minimum application amount will be Rs 5,000 and in multiples of Rs 10 thereafter.
The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.
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