News From Press Kotak Mutual Fund merges FMP Series 246 into Corporate Bond Fund. Should you exit or stay?

Kotak Mutual Fund merges FMP Series 246 into Corporate Bond Fund. Should you exit or stay?

Source: ET Oct 22, 2021

Kotak Mutual Fund has decided to merge Kotak FMP Series 246 into Kotak Corporate Bond Fund. The fund house has sent a letter to the investors informing them about the decision.

The merger shall be effective on November 22, 2021. Investors who are not in agreement of the merger can opt out and exit from the FMP on the maturity date.

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