/ Kotak Mahindra Mutual Fund introduces FMP Series 236 ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 16 July 2018

Kotak Mahindra Mutual Fund has launched the Kotak FMP Series 236, a close ended income scheme. The NFO opens for subscription on July 16, 2018 and closes on July 18, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter.

The scheme’s performance will be benchmarked against CRISIL Ultra Short Term Debt Index and its fund manager is Deepak Agrawal.

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.

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