Mumbai, Maharashtra, India
Kotak Mutual Fund has launched a 14 months Fixed Maturity Plan (FMP). Kotak FMP 14M Series 4, a close-ended debt fund, opened on March 03, 2008 and will close on March 10, 2008.
Please refer to the details below:
The Scheme:
Kotak FMP 14M Series 4, a close-ended Debt Scheme
Scheme Objective:
The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.
Investment in:
Debt / Money Market Instruments and Government Securities, normally maturing in line with the maturity profile of the Scheme.
Likely Composition of:
Rating Profile: (AAA and equivalent; and upto 20% for below AAA). (No Exposure in NBFC & Real Estate)
New Fund Offer price of units:
Rs. 10 per Unit.
NFO period:
March 3rd, 2008 to March 10th, 2008
Minimum Investment:
Retail Plan: Rs 5000/- (Rs. Five Thousand only); Institutional Plan: Rs 50,00,000/- (Rs. 50 lakhs only)
Maturity:
14 months after the date of allotment (If such date falls on a non-Business Day, the scheme would mature on the next Business Day)
Load:
1.50 % if redeemed within 1 year from the date of allotment Nil : If redeemed after 1 year from the date of allotment.
Minimum Amount of Redemption:
Rs.1000 or 100 Units. If the holding is less than Rs. 1000 or 100 Units, the entire balance will be redeemed as and when redemption request is received from the investor.
Payable to:
Kotak FMP 14M Series 4
Redemption:
On each Business Day at price related to applicable NAV
Fund Manager:
Mr. Deepak Agrawal
Options:
Growth, Dividend (Payout and Reinvestment) Options
Tax Benefit:
Dividends if declared by the scheme will be tax free in the hands of the investors.
About Kotak Mahindra Mutual Fund:
Kotak Mahindra Mutual Fund: Kotak Mahindra Mutual Fund is in the business of asset management, by providing investors with smart financial products, which are aimed at enhancing customers' wealth, along with services that make the investing process easier. The company has a history of innovative products and service behind it, and has led the way for the industry on many counts.
Set up in 1998, Kotak Mutual Fund currently manages assets in excess of Rs. 22665.10 crores contributed by over 8 lakh investors (as on 31st January, 2008).
Risk Factors: Mutual Fund investments are subject to market risks; there is no assurance that the Scheme's objective will be achieved. NAV of the Scheme's Units can go up / down depending on factors & forces affecting securities markets. Past performance of Sponsor / AMC / Fund does not indicate the scheme's future performance.
Kotak FMP 14 Series 4 is only the Scheme's name and does not indicate its quality, future prospects or returns. Statutory: Kotak Mahindra Mutual Fund is a Trust (Indian Trusts Act, 1882). Investment Manager: Kotak Mahindra Asset Management Company Ltd. Sponsor: Kotak Mahindra Bank Ltd. (liability Rs. NIL). Trustee: Kotak Mahindra Trustee Company Ltd.
Before investing, please read the Offer Document carefully.
Source: Kotak Mahindra Mutual Fund (Business Wire India)
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