Breaking News

You are here » Indian-Commodity  :  Mutual Funds  :  Kotak Mahindra Mutual Fund introduces FMP Series 240

07-Aug2018

Kotak Mahindra Mutual Fund introduces FMP Series 240

Kotak Mahindra Mutual Fund has launched the Kotak FMP Series 240, a close ended income scheme. The NFO opens for subscription on August 07, 2018 and closes on August 08, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5, 000 and in multiples of Rs 10.

The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Deepak Agrawal.

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.


Related News

View all news

ICICI Pru MF introduces Fixed Maturity Plan-Series 85-1156 Days Plan G

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Fixed Maturity Plan-Series 85-1156 Days Plan G, a close ended debt scheme. The NFO opens for subscription on March 04, 2019 and closes......

Reliance Mutual Fund introduces Fixed Horizon Fund-XXXX-Series 5

Reliance Mutual Fund has launched the Reliance Fixed Horizon Fund-XXXX-Series 5, a close ended income scheme. The NFO opens for subscription on December 11, 2018 and closes on December 13, 2018. No entry......

Franklin Templeton Mutual Fund introduces Fixed Maturity Plans-Series 5-Plan B (1244 days)

Franklin Templeton Mutual Fund has launched the Franklin India Fixed Maturity Plans-Series 5-Plan B (1244 days), a close ended debt scheme. The NFO opens for subscription on November 19, 2018 and closes......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......