Kotak Mahindra Mutual Fund has launched the Kotak FMP Series 203, a close ended income scheme. The NFO opens for subscription on April 19, 2017 and closes on April 20, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 20,00,00,000.
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.