Kotak Mahindra MF has launched New Fund Offer
(NFO) of Kotak FMP Series 90 (370 Days), a close ended income scheme.
NFO opens for subscription on July 3, 2012 and closes on July 9, 2012. In terms
of SEBI Circular No. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009, no entry
load will be charged on purchase / additional purchase / switch-in. The upfront
commission, if any, on investment made by the investor shall be paid by the
investor directly to the distributor, based on his assessment of various
factors including the service rendered by the distributor; no exit load will be
applicable for the scheme.
minimum subscription amount is Rs. 5, 000.
scheme’s performance will be benchmarked against CRISIL Short Term Bond Index
and its fund managers are Mayank Prakash and Abhishek Bisen.
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. The scheme will invest in debt and money market securities,
maturing on or before maturity of the scheme. There is no assurance that the
investment objective of the scheme will be achieved.
: Accord Fintech