Mumbai: Kotak Mutual Fund has announced that with effect from December 20, 2010 its schemes Kotak Balance Unit Scheme 99 and Kotak Income Plus, will be managed by Pankaj Tibrewal, Krishna Sanghvi and Abhishek Bisen.
Kotak Balance Unit Scheme 99 is an open ended balanced scheme with an investment objective to achieve growth by investing in equity and equity related instruments, balanced with income generation by investing in debt and money market instruments.
Kotak Income Plus Scheme is an open ended income scheme with an investment objective to enhance returns over a portfolio of debt instruments with a moderate exposure in equity and equity related instruments. (Accord News)
