Name of Fund: Kotak Fixed Maturity Plan 1-Month Series 2
Scheme: It is a close-ended debt scheme. It has maturity of 30 days after the date of allotment.
Investment Objective: The objective of the scheme would be to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.
Investment Options: The scheme offers growth and dividend option with dividend payout and dividend reinvestment option.
Fund Opens: 7 July 2008
Fund Closes: 7 July 2008
Face Value: Rs. 10
Minimum Investment Amount: The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter.
Minimum subscription amount: The Fund seeks to collect a minimum subscription amount of Rs 50 lakh in the New Fund Offer of the scheme.
Asset allocation: The fund will invest up to 100% in debt and money market instruments. Debt instruments shall be deemed to include securitised debts and investment in securitised debts shall not exceed 50% of the net assets of the scheme. Investment in government securities shall not exceed 50% of the scheme.
Entry load: The scheme will not ask for an entry load, as the scheme is of close-ended nature.
Exit load: The fund will charge an exit load of 1% if investment units get redeemed before maturity of the scheme.
Benchmark index: The performance of the scheme will be benchmarked on CRISIL Liquid Fund Index.
Fund Manager: Mr. Deepak Agrawal
Source : Capital Market - Live News