Mumbai: Kotak Mutual Fund announced the launch of its Kotak Hybrid Fixed Term plan – Series I. The scheme aims to generate income by investing in debt and money market investment, and also generate capital appreciation by investing in equity and debt instruments. It’s a close ended fund with maturity of 24 months.
“At Kotak Mahindra AMC, we believe that augmenting investment returns with minimal risk is our primary objective, keeping this in mind we have launched Kotak Hybrid Fixed Term Plan – Series I. It’s a smart way for conservative investors to take exposure in equity markets. Hybrid schemes offer low risks as the income earned from debt instruments helps to alleviate the risk associated with equity and equity related instruments. Investor who aim to seek returns, which are potentially higher than traditional deposit instruments and tax efficient, should allocate some of their funds to such hybrid schemes,” said Sandesh Kirkire, CEO, Kotak Mutual Fund.
The scheme opens for subscription on December 30, 2011 and closes on January 12, 2012.
The minimum application amount during NFO is Rs. 10,000. The scheme has no exit load and comes with growth and dividend payout options. The scheme will be listed on BSE.
