25 Apr 2024 , 02:00 PM
Kotak Mahindra Mutual Fund is launching NFO under its “Income Fund”, named Kotak Fixed Maturity Plan Series 330 - 98 Days. The close-ended fund aims to generate income by investing in debt and money market securities, maturing on or before the maturity of the scheme.
Investment strategy: The AMC has an internal policy for the selection of assets in the portfolio. The portfolio is constructed taking into account ratings from different rating agencies, rating migration, credit premium over the price of a sovereign security, general economic conditions and other criteria.
Asset allocation: The asset allocation under the scheme takes place in Debt and Money Market Instruments including Government Securities.
Who should invest?
Investors with moderate risk appetite should invest in the Kotak Fixed Maturity Plan Series 330 - 98 Days.
Risk associated: Moderate level of risk.
Benchmark: NIFTY Ultra Short Duration Debt Index.
Fund Managers: Mr. Deepak Agrawal and Mr. Manu Sharma.
The NFO is available for subscription from April 25 to April 29.
It offers Regular Plan and Direct Plan. Click here to invest in Kotak Fixed Maturity Plan Series 330 - 98 Days.
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