Kotak Mahindra Mutual Fund has launched a new fund named as Kotak FMP Series 273, a close ended debt scheme with the duration of 1245 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 15 July to 17 July 2019.
The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.
The scheme shall invest 80% - 100% of assets in debt instruments including government securities and invest upto 20% of assets in money market instruments with low to medium risk profile. Investment in derivatives will be up to 50% of the net assets of the scheme.
No comments:
Post a Comment