Kotak Mahindra Mutual Fund has launched the NFO of Kotak FMP Series 89 (370 Days), a close ended income scheme.
The NFO opens for subscription on June 13, 2012 and closes on June 18, 2012. The minimum subscription amount is Rs. 5000.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Index and its fund managers are Mayank Prakash and Abhishek Bisen.
The 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.
Source: Accord Fintech
