Mahindra MF has launched the NFO of Kotak FMP Series 92 (128 Days), a close
ended income scheme.
NFO opens for subscription on August 16, 2012 and closes on August 16, 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. 5000.
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