NFO Alert: Kotak Mutual Fund launches Kotak FMP Series 305. Here’s all about it
1 year, 11 months ago

NFO Alert: Kotak Mutual Fund launches Kotak FMP Series 305. Here’s all about it

Live Mint  

Many mutual fund houses are engaging in launching new schemes at the beginning of the year 2023. Recently, Kotak Mutual Fund announced on January 5 the launch of Kotak FMP Series 305 under its debt category. The benchmark index for the mutual fund scheme is NIFTY Medium Duration Debt Index and the minimum investment amount is ₹5,000 and in multiples of ₹10 thereafter and there is no exit load. The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments maturing on or before the maturity of the scheme. This scheme is suitable for investors who are seeking income over the long term investment horizon and want to invest in debt and money market securities, as per press release.

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